How Long to Read Official Dollarization As a Monetary Regime

How Long Does it Take to Read Official Dollarization As a Monetary Regime?

It takes the average reader and 27 minutes to read Official Dollarization As a Monetary Regime by Mr.Andrew Swiston

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

Description

This paper examines El Salvador’s transition to official dollarization by comparing aspects of this regime to the fixed exchange rate regime prevailing in the 1990s. Commercial bank interest rates are analyzed under an uncovered interest parity framework, and it is found that dollarization lowered rates by 4 to 5 percent by reducing currency risk. This has generated net annual savings averaging 1⁄2 percent of GDP for the private sector and 1⁄4 percent of GDP for the public sector (net of the losses from foregone seigniorage). Estimated Taylor rules show a strong positive association between Salvadoran output and U.S. Federal Reserve policy since dollarization, implying that this policy has served to stabilize economic activity more than it did under the peg and more than policy rates in Central American countries with independent monetary policy have done. Dollarization does not appear to have affected the transmission mechanism, as pass-through of monetary policy to commercial interest rates has been similar to pass-through under the peg and in the rest of Central America.

How long is Official Dollarization As a Monetary Regime?

Official Dollarization As a Monetary Regime by Mr.Andrew Swiston is 27 pages long, and a total of 6,939 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Official Dollarization As a Monetary Regime Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read Official Dollarization As a Monetary Regime aloud.

What Reading Level is Official Dollarization As a Monetary Regime?

Official Dollarization As a Monetary Regime 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 Official Dollarization As a Monetary Regime?

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