How Long to Read Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60

How Long Does it Take to Read Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60?

It takes the average reader 1 hour and 7 minutes to read Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60 by International Monetary Fund

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

Description

This paper describes and analyzes forward market systems with varying degrees of sophistication, and it assesses them from the viewpoint of a smaller industrial or developing country asking itself how it could institute such a system, or how it could further develop an existing system in a way consistent with its institutional and macroeconomic structure. All industrial countries except Iceland now have forward exchange markets in which the rate is determined by the market. Forward markets that have been liberalized in several countries in the 1980s have matured quickly. There are several variants of market-determined systems which could be envisaged. An auction market could be devised for forward transactions, but is unlikely to be practical, because the supply of forward exchange probably may not be determined in advance sufficiently accurately. As the last stage of its development, the market could be extended from underlying commercial transactions to forward transactions of a purely financial character, a process that is taking place in most of the few industrial countries that have retained regulated forward systems. Development of a forward market is not a panacea for incorrect financial policies. In fact, cultivation of the market will require the adoption and maintenance of realistic financial policies.

How long is Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60?

Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60 by International Monetary Fund is 66 pages long, and a total of 16,896 words.

This makes it 22% the length of the average book. It also has 21% more words than the average book.

How Long Does it Take to Read Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60 Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60 aloud.

What Reading Level is Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60?

Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60 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 Policies for Developing Foreign Exchange Markets; Occ. Paper No. 60?

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