How Long to Read Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise

How Long Does it Take to Read Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise?

It takes the average reader and 30 minutes to read Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise by Mr. Nicolas E. Magud

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

Description

We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associated with milder credit growth during the boom but, even though smaller than in more rigid regimes, it cannot shield the economy from a credit reversal. Furthermore, we observe what we dub as a recovery puzzle: credit growth in economies with more flexible exchange rate regimes remains tepid well after the capital flow reversal takes place. This results stress the complementarity of macro-prudential policies with the exchange rate regime. More flexible regimes could help smoothing the credit cycle through capital surchages and dynamic provisioning that build buffers to counteract the credit recovery puzzle. In contrast, more rigid exchange rate regimes would benefit the most from measures to contain excessive credit growth during booms, such as reserve requirements, loan-to-income ratios, and debt-to-income and debt-service-to-income limits.

How long is Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise?

Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise by Mr. Nicolas E. Magud is 30 pages long, and a total of 7,500 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise aloud.

What Reading Level is Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise?

Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise 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 Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise?

Exchange Rate Flexibility and Credit during Capital Inflow Reversals: Purgatory…not Paradise by Mr. Nicolas E. Magud is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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