It takes the average reader 6 hours and 50 minutes to read Interest Rates, Exchange Rates and World Monetary Policy by John E. Floyd
Assuming a reading speed of 250 words per minute. Learn more
A careful basic theoretical and econometric analysis of the factors determining the real exchange rates of Canada, the U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real exchange rates are almost entirely determined by real factors relating to growth and technology such as oil and commodity prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated money supply shocks, calculated in five alternative ways have virtually no effects. A Blanchard-Quah VAR analysis also indicates that the effects of real shocks predominate over monetary shocks by a wide margin. The implications of these facts for the conduct of monetary policy in countries outside the U.S. are then explored leading to the conclusion that all countries, to avoid exchange rate overshooting, have tended to automatically follow the same monetary policy as the United States. The history of world monetary policy is reviewed along with the determination of real exchange rates within the Euro Area.
Interest Rates, Exchange Rates and World Monetary Policy by John E. Floyd is 404 pages long, and a total of 102,616 words.
This makes it 136% the length of the average book. It also has 125% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 9 hours and 20 minutes to read Interest Rates, Exchange Rates and World Monetary Policy aloud.
Interest Rates, Exchange Rates and World Monetary Policy 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.
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