How Long to Read Preemptive Policies and Risk-Off Shocks in Emerging Markets

How Long Does it Take to Read Preemptive Policies and Risk-Off Shocks in Emerging Markets?

It takes the average reader and 54 minutes to read Preemptive Policies and Risk-Off Shocks in Emerging Markets by Ms. Mitali Das

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

Description

We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries’ (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996–2020 at monthly frequency, we document that countries with preemptive policies in place during the five year window before risk-off shocks experienced relatively lower external finance premia and exchange rate volatility during the shock compared to countries which did not have such preemptive policies in place. We use the episodes of Taper Tantrum and COVID-19 as risk-off shocks. Our identification relies on a difference-in-differences methodology with country fixed effects where preemptive policies are ex-ante by construction and cannot be put in place as a response to the shock ex-post. We control the effects of other policies, such as monetary policy, foreign exchange interventions (FXI), easing of inflow CFMs and tightening of outflow CFMs that are used in response to the risk-off shocks. By reducing the impact of risk-off shocks on countries’ funding costs and exchange rate volatility, preemptive policies enable countries’ continued access to international capital markets during troubled times.

How long is Preemptive Policies and Risk-Off Shocks in Emerging Markets?

Preemptive Policies and Risk-Off Shocks in Emerging Markets by Ms. Mitali Das is 54 pages long, and a total of 13,716 words.

This makes it 18% the length of the average book. It also has 17% more words than the average book.

How Long Does it Take to Read Preemptive Policies and Risk-Off Shocks in Emerging Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 14 minutes to read Preemptive Policies and Risk-Off Shocks in Emerging Markets aloud.

What Reading Level is Preemptive Policies and Risk-Off Shocks in Emerging Markets?

Preemptive Policies and Risk-Off Shocks in Emerging Markets 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 Preemptive Policies and Risk-Off Shocks in Emerging Markets?

Preemptive Policies and Risk-Off Shocks in Emerging Markets by Ms. Mitali Das is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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