How Long to Read How Should Credit Gaps Be Measured? An Application to European Countries

How Long Does it Take to Read How Should Credit Gaps Be Measured? An Application to European Countries?

It takes the average reader and 41 minutes to read How Should Credit Gaps Be Measured? An Application to European Countries by Chikako Baba

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

Description

Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (BCG) – the deviation of the credit-to-GDP ratio from its long-term trend estimated with a one-sided Hodrick-Prescott (HP) filter—is the indicator preferred by the Basel Committee because of its good performance as an early warning of banking crises. However, for a number of European countries this indicator implausibly suggests that credit should go back to its level at the peak of the boom after the credit cycle turns, resulting in large negative gaps that might delay the activation of macroprudential policies. We explore two different approaches—a multivariate filter based on economic theory and a fundamentals-based panel regression. Each approach has pros and cons, but they both provide a useful complement to the BCG in assessing macro-financial vulnerabilities in Europe.

How long is How Should Credit Gaps Be Measured? An Application to European Countries?

How Should Credit Gaps Be Measured? An Application to European Countries by Chikako Baba is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read How Should Credit Gaps Be Measured? An Application to European Countries Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read How Should Credit Gaps Be Measured? An Application to European Countries aloud.

What Reading Level is How Should Credit Gaps Be Measured? An Application to European Countries?

How Should Credit Gaps Be Measured? An Application to European Countries 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.

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