It takes the average reader and 40 minutes to read Intermediation Spreads in a Dual Currency Economy by Mr.Luis Catão
Assuming a reading speed of 250 words per minute. Learn more
The currency board arrangement and widespread dollarization of the Argentine economy since 1991 have laid the basis for domestic interest rates to converge to international levels. Although such a convergence has been observed for interest rates on bank deposits, interest rates on bank lending remain well above industrial country levels. This paper examines the causes of high intermediation spreads in Argentina using a dual currency model of the banking industry, which incorporates key features of credit markets in that country. Empirical results allow inferences to be drawn on the effects of macroeconomic and financial policies on bank lending and interest rates.
Intermediation Spreads in a Dual Currency Economy by Mr.Luis Catão is 39 pages long, and a total of 10,101 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 55 minutes to read Intermediation Spreads in a Dual Currency Economy aloud.
Intermediation Spreads in a Dual Currency Economy is suitable for students ages 8 and up.
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