It takes the average reader and 31 minutes to read Policy Responses to External Imbalances in Emerging Market Economies by Mr.Chorng-Huey Wong
Assuming a reading speed of 250 words per minute. Learn more
A bivariate vector-autoregression (VAR) model is used to test causal relations between the current account and the capital account in four emerging market economies. The results show that high capital mobility could be a major cause of current account instability. Therefore, macroeconomic policy to restore external balance must deal directly with capital inflows. The paper recommends making nominal exchange rate sufficiently flexible to avoid inconsistencies between short-run and long-run real exchange rates; complementing credit tightening by fiscal restraint to reduce interest rate differentials; and strengthening reforms and surveillance of the financial system to prevent banks from excessive risk taking.
Policy Responses to External Imbalances in Emerging Market Economies by Mr.Chorng-Huey Wong 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 Policy Responses to External Imbalances in Emerging Market Economies aloud.
Policy Responses to External Imbalances in Emerging Market 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.
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