How Long to Read Optimal Reserves in Financially Closed Economies

How Long Does it Take to Read Optimal Reserves in Financially Closed Economies?

It takes the average reader and 30 minutes to read Optimal Reserves in Financially Closed Economies by Mr.Olivier Jeanne

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

Description

Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves differs from the measures often used by practitioners. Second, under plausible calibrations the model is consistent with the rule of thumb that reserves should be close to three months of imports. Third, simple linear rules can capture most of the welfare gains from optimal reserve management. Fourth,...

How long is Optimal Reserves in Financially Closed Economies?

Optimal Reserves in Financially Closed Economies by Mr.Olivier Jeanne is 29 pages long, and a total of 7,511 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Optimal Reserves in Financially Closed Economies Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Optimal Reserves in Financially Closed Economies aloud.

What Reading Level is Optimal Reserves in Financially Closed Economies?

Optimal Reserves in Financially Closed 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.

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