It takes the average reader 1 hour and 28 minutes to read Evolution and Performance of Exchange Rate Regimes by Mr. Aasim M. Husain
Assuming a reading speed of 250 words per minute. Learn more
Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Evolution and Performance of Exchange Rate Regimes by Mr. Aasim M. Husain is 86 pages long, and a total of 22,016 words.
This makes it 29% the length of the average book. It also has 27% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 2 hours to read Evolution and Performance of Exchange Rate Regimes aloud.
Evolution and Performance of Exchange Rate Regimes is suitable for students ages 10 and up.
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