It takes the average reader and 31 minutes to read Managing Systemic Liquidity Risk in Financially Dollarized Economies by Miguel A. Kiguel
Assuming a reading speed of 250 words per minute. Learn more
This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones that took place recently in Argentina, Uruguay, and Paraguay). In view of the limitations of available (private or official) insurance schemes, and the distortions introduced by central bank lending of last resort (LOLR), the authors favor decentralized liquid foreign asset requirements on dollar deposits, supplemented by a scheme of "circuit breakers." The latter combines the use of limited dollar liquidity to ensure the convertibility of transactional deposits with a mechanism that automatically limits the convertibility of dollar term deposits once triggered by a predetermined decline in banks' liquidity.
Managing Systemic Liquidity Risk in Financially Dollarized Economies by Miguel A. Kiguel is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Managing Systemic Liquidity Risk in Financially Dollarized Economies aloud.
Managing Systemic Liquidity Risk in Financially Dollarized Economies 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.
Managing Systemic Liquidity Risk in Financially Dollarized Economies by Miguel A. Kiguel is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Managing Systemic Liquidity Risk in Financially Dollarized Economies by Miguel A. Kiguel on Amazon click the button below.
Buy Managing Systemic Liquidity Risk in Financially Dollarized Economies on Amazon