How Long to Read Liquidity Choice and Misallocation of Credit

How Long Does it Take to Read Liquidity Choice and Misallocation of Credit?

It takes the average reader 1 hour and 2 minutes to read Liquidity Choice and Misallocation of Credit by Mr.Ehsan Ebrahimy

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

Description

This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of investment is more liquid, i.e., its return is more pledgeable, and the other is more productive. Low liquidities of both investment types imply that the allocation of credit is constrained inefficient and that there is overinvestment in the liquid type. Constrained inefficient equilibria feature non-positive, i.e., one less than or equal the economy’s growth rate, and yet too high interest rate, too much investment and too little consumption. Financial development can reduce long-term welfare and output in a constrained inefficient equilibrium if it raises the liquidity of the liquid type. I show a maximum liquid asset ratio or a simple debt tax can achieve constrained efficiency. Introducing government bonds can make Pareto improvement whenever it does not raise the interest rate.

How long is Liquidity Choice and Misallocation of Credit?

Liquidity Choice and Misallocation of Credit by Mr.Ehsan Ebrahimy is 62 pages long, and a total of 15,624 words.

This makes it 21% the length of the average book. It also has 19% more words than the average book.

How Long Does it Take to Read Liquidity Choice and Misallocation of Credit Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Liquidity Choice and Misallocation of Credit aloud.

What Reading Level is Liquidity Choice and Misallocation of Credit?

Liquidity Choice and Misallocation of Credit 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 Liquidity Choice and Misallocation of Credit?

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