How Long to Read Macro-Financial Impacts of Foreign Digital Money

How Long Does it Take to Read Macro-Financial Impacts of Foreign Digital Money?

It takes the average reader 1 hour and 2 minutes to read Macro-Financial Impacts of Foreign Digital Money by Anh Le

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

Description

We develop a two-country New Keynesian model with endogenous currency substitution and financial frictions to examine the impact on a small developing economy of a stablecoin issued in a large foreign economy. The stablecoin provides households in the domestic economy with liquidity services and an additional hedge against domestic inflation. Its introduction amplifies currency substitution, reducing bank intermediation and weakening monetary policy transmission, worsening the impacts of recessionary shocks and increasing banking sector stress. Capital controls raise stablecoin adoption as a means of circumvention, increasing exposure to spillovers from foreign shocks. Unlike a domestic CBDC, a ban on stablecoin payments can alleviate these effects.

How long is Macro-Financial Impacts of Foreign Digital Money?

Macro-Financial Impacts of Foreign Digital Money by Anh Le 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 Macro-Financial Impacts of Foreign Digital Money Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Macro-Financial Impacts of Foreign Digital Money aloud.

What Reading Level is Macro-Financial Impacts of Foreign Digital Money?

Macro-Financial Impacts of Foreign Digital Money 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 Macro-Financial Impacts of Foreign Digital Money?

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