It takes the average reader and 40 minutes to read Foreign Currency Deposits and the Demand for Money in Developing Countries by Mr.Mohsin S. Khan
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This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model that incorporates forward-looking rational expectations is formulated and then estimated for a group of ten developing countries. The results indicate that the foreign rate of interest and the expected rate of depreciation of the parallel market exchange rate are important factors in the choice between holding domestic money or switching to foreign currency deposits held abroad. From an empirical standpoint, the forward-looking framework adopted here also turns out to be superior to the conventional currency-substitution model.
Foreign Currency Deposits and the Demand for Money in Developing Countries by Mr.Mohsin S. Khan is 40 pages long, and a total of 10,000 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read Foreign Currency Deposits and the Demand for Money in Developing Countries aloud.
Foreign Currency Deposits and the Demand for Money in Developing Countries is suitable for students ages 8 and up.
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