How Long to Read Macroprudential Policies in Response to External Financial Shocks

How Long Does it Take to Read Macroprudential Policies in Response to External Financial Shocks?

It takes the average reader and 47 minutes to read Macroprudential Policies in Response to External Financial Shocks by Mr. Irineu E de Carvalho Filho

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

Description

This paper examines how countries use Macroprudential Policies (MaPs) to respond to external shocks such as US monetary policy surprises or fluctuations in capital flows. Constructing a model of a small open economy with financial frictions and a MaP authority that adjusts loan to value (LTV) ratio limits on borrowers and capital adequacy ratio (CAR) limits on banks, we show that using MaPs where stochastic external financial shocks are present entails a trade-off between macro-financial volatility and GDP growth. The terms of the trade-off are a function of a few country characteristics that amplify financial channels of external monetary shocks. Estimating MaP reaction functions for a panel of 41 countries in the period 2000–2017, we find that countercyclical macroprudential policy in response to surprise US monetary tightening is more likely for countries with net short currency mismatches (that is, foreign currency denominated liabilities larger than foreign currency denominated assets), consistent with the model’s predictions. The paper also finds that domestic credit and interest rates are more insulated from US monetary tightening for countries that employ MaPs countercyclically.

How long is Macroprudential Policies in Response to External Financial Shocks?

Macroprudential Policies in Response to External Financial Shocks by Mr. Irineu E de Carvalho Filho is 46 pages long, and a total of 11,776 words.

This makes it 16% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Macroprudential Policies in Response to External Financial Shocks Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read Macroprudential Policies in Response to External Financial Shocks aloud.

What Reading Level is Macroprudential Policies in Response to External Financial Shocks?

Macroprudential Policies in Response to External Financial Shocks 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 Macroprudential Policies in Response to External Financial Shocks?

Macroprudential Policies in Response to External Financial Shocks by Mr. Irineu E de Carvalho Filho is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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