How Long to Read Exchange Rate Misalignment

How Long Does it Take to Read Exchange Rate Misalignment?

It takes the average reader 10 hours and 58 minutes to read Exchange Rate Misalignment by Lawrence E. Hinkle

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

Description

The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during the last decade. Given that the increasing integration of world capital markets, has escalated the costs of such crises, a broad consensus emerged in recent years, that the overriding objective of exchange rate policy in developing countries, should be to avoid episodes of prolonged, and substantial misalignment, i.e., situations in which the actual real exchange rate differs significantly from its long-run equilibrium value. It was the Bank's involvement in one such misalignment episode, that eventually led to this book. Following an overview on the concepts and measurement of exchange rate misalignment, its impact on the purchasing power parity, and the relationship between the external real exchange rate (RER), and the two-good internal RER for tradables non-tradables, the study presents methodologies - empirical applications - for estimating the RER equilibrium. The study reaches an optimistic conclusion - that enough is known to identify cases of misalignment, and be able to sound clear warning signals. The implication for exchange rate policy is that ignorance about the empirical value of the equilibrium exchange rate, cannot be used to clinch arguments for extreme exchange arrangements, such as clean floats, currency boards, and "dollarization."

How long is Exchange Rate Misalignment?

Exchange Rate Misalignment by Lawrence E. Hinkle is 638 pages long, and a total of 164,604 words.

This makes it 215% the length of the average book. It also has 201% more words than the average book.

How Long Does it Take to Read Exchange Rate Misalignment Aloud?

The average oral reading speed is 183 words per minute. This means it takes 14 hours and 59 minutes to read Exchange Rate Misalignment aloud.

What Reading Level is Exchange Rate Misalignment?

Exchange Rate Misalignment is suitable for students ages 12 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 Misalignment?

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