How Long to Read Emerging Market Corporate Leverage and Global Financial Conditions

By Adrian Alter

How Long Does it Take to Read Emerging Market Corporate Leverage and Global Financial Conditions?

It takes the average reader and 50 minutes to read Emerging Market Corporate Leverage and Global Financial Conditions by Adrian Alter

Assuming a reading speed of 250 words per minute. Learn more

Description

Corporate debt in emerging markets has risen significantly in recent years amid accommodative global financial conditions. This paper studies the relationship of leverage growth in emerging market (EM) firms to U.S. monetary conditions, and more broadly, to global financial conditions. We find that accommodative U.S. monetary conditions are reliably associated with faster EM leverage growth during the past decade. Specifically, a 1 percentage point decline in the U.S. policy rate corresponds to an appreciable increase in EM leverage growth of 9 basis points, on average (relative to the sample average leverage growth of 35 basis points per year). This impact is more pronounced for sectors dependent on external financing, for SMEs, and for firms in more financially open EMs with less flexible exchange rates. The findings suggest that global financial conditions affect EM firms’ leverage growth in part by influencing domestic interest rates and by relaxing corporate borrowing constraints.

How long is Emerging Market Corporate Leverage and Global Financial Conditions?

Emerging Market Corporate Leverage and Global Financial Conditions by Adrian Alter is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Emerging Market Corporate Leverage and Global Financial Conditions Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Emerging Market Corporate Leverage and Global Financial Conditions aloud.

What Reading Level is Emerging Market Corporate Leverage and Global Financial Conditions?

Emerging Market Corporate Leverage and Global Financial Conditions is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Emerging Market Corporate Leverage and Global Financial Conditions?

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