It takes the average reader and 31 minutes to read Monetary Policies for Developing Countries by Mr. Haizhou Huang
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the role of corruption in the design of monetary policies for developing countries in a framework of fiscal and monetary interaction and obtains several interesting results. First, pegged exchange rates, currency boards, or dollarization, while often prescribed as a solution to the problem of a lack of credibility for developing countries, is typically not credible in countries with serious corruption. Second, the optimal degree of conservatism for a Rogoff (1985)-type central banker is an inverse function of the corruption level. Third, either an optimally designed inflation target or an optimal-conservative central banker is preferable to an exchange rate peg, currency board, or dollarization.
Monetary Policies for Developing Countries by Mr. Haizhou Huang 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 Monetary Policies for Developing Countries aloud.
Monetary Policies for Developing Countries is suitable for students ages 8 and up.
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