It takes the average reader and 22 minutes to read Intervention Under Inflation Targeting--When Could It Make Sense? by Mr.David J Hofman
Assuming a reading speed of 250 words per minute. Learn more
We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the existing literature. Our findings suggest that the rationale for interventions depends on initial conditions and country-specific circumstances. The case is strongest in the presence of large currency mismatches or underdeveloped markets. While interventions can have benefits in the short-term, sustained over time they could entrench unfavorable initial conditions, though more work is needed to establish this empirically. A first effort to measure the cost of interventions to the credibility of policy frameworks suggests that the negative impact may be smaller than often assumed—at least for the set of more sophisticated inflation-targeting emerging-market central banks considered here.
Intervention Under Inflation Targeting--When Could It Make Sense? by Mr.David J Hofman is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Intervention Under Inflation Targeting--When Could It Make Sense? aloud.
Intervention Under Inflation Targeting--When Could It Make Sense? is suitable for students ages 8 and up.
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