How Long to Read Integrated Monetary and Financial Policies for Small Open Economies

How Long Does it Take to Read Integrated Monetary and Financial Policies for Small Open Economies?

It takes the average reader 1 hour and 19 minutes to read Integrated Monetary and Financial Policies for Small Open Economies by Mr. Suman S Basu

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

Description

We develop a tractable small-open-economy framework to characterize the constrained efficient use of the policy rate, foreign exchange (FX) intervention, capital controls, and domestic macroprudential measures. The model features dominant currency pricing, shallow FX markets, and occasionally-binding external and domestic borrowing constraints. We characterize the conditions for the “traditional prescription”—relying on the policy rate and exchange rate flexibility—to be sufficient, even if externalities persist. The conditions are satisfied for world interest rate shocks if FX markets are deep. By contrast, we show that to manage non-fundamental inflow surges and taper tantrums related to local currency debt, capital inflow taxes and FX intervention should be used instead of the policy rate and exchange rate flexibility. In the realistic case where countries face both shallow FX markets and external borrowing constraints, we establish that some kinds of FX mismatch regulations may reduce the external debt limit friction but worsen FX market depth. Finally, we show that capital controls and domestic macroprudential measures cease to be perfect substitutes if there is a risk that the domestic borrowing constraint binds as a result of the transmission of the global financial cycle.

How long is Integrated Monetary and Financial Policies for Small Open Economies?

Integrated Monetary and Financial Policies for Small Open Economies by Mr. Suman S Basu is 77 pages long, and a total of 19,789 words.

This makes it 26% the length of the average book. It also has 24% more words than the average book.

How Long Does it Take to Read Integrated Monetary and Financial Policies for Small Open Economies Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 48 minutes to read Integrated Monetary and Financial Policies for Small Open Economies aloud.

What Reading Level is Integrated Monetary and Financial Policies for Small Open Economies?

Integrated Monetary and Financial Policies for Small Open Economies 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 Integrated Monetary and Financial Policies for Small Open Economies?

Integrated Monetary and Financial Policies for Small Open Economies by Mr. Suman S Basu 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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