It takes the average reader and 34 minutes to read Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy by Mr.Paul Louis Ceriel Hilbers
Assuming a reading speed of 250 words per minute. Learn more
This paper discusses different instruments of monetary policy, and in particular the choice between direct and indirect instruments. It identifies the main characteristics of a country’s financial system that should be considered in selecting monetary instruments, and analyzes how these characteristics should influence that selection in countries that are progressing from a state-controlled to a market economy. The characteristics of the financial system during the initial stage of the transition sometimes favor relatively direct instruments. At this stage market-based variants of direct instruments may combine the necessary effectiveness in reducing monetary expansion with the need to introduce and stimulate competition in the financial markets. During this stage indirect instruments can be developed and tested (“belt and braces” approach). In later stages, as experience is gained, these indirect instruments can gradually replace the more direct controls.
Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy by Mr.Paul Louis Ceriel Hilbers is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy aloud.
Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy 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.
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