It takes the average reader 1 hour and 23 minutes to read Euro Area Enlargement and Euro Adoption Strategies by Zsolt M. Darvas
Assuming a reading speed of 250 words per minute. Learn more
"The paper discusses the risks and challenges faced by the new members on the road to the euro and the strategies for and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on the timing of entry into euro area. This is because the lower is the per capita income, the larger is the price level gap to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching-up process. We suggest a modification in the Maastricht inflation criterion which as currently defined has lost its economic logic."--Publication information p.
Euro Area Enlargement and Euro Adoption Strategies by Zsolt M. Darvas is 83 pages long, and a total of 20,999 words.
This makes it 28% the length of the average book. It also has 26% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 54 minutes to read Euro Area Enlargement and Euro Adoption Strategies aloud.
Euro Area Enlargement and Euro Adoption Strategies is suitable for students ages 10 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.
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