How Long to Read Quantitative Easing and Credit Rating Agencies

How Long Does it Take to Read Quantitative Easing and Credit Rating Agencies?

It takes the average reader 1 hour and 34 minutes to read Quantitative Easing and Credit Rating Agencies by Nordine Abidi

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

Description

This paper investigates the behaviour of credit rating agencies using a natural experiment in monetary policy. We exploit the corporate QE of the Eurosystem and its rating-based specific design which generates exogenous variation in the probability for a bond of becoming eligible for outright purchases. We show that after the launch of the policy, rating activity was concentrated precisely on the territory where the incentives of market participants are expected to be more sensitive to the policy design. Our findings contribute to better assessing the consequences of the explicit reliance on CRAs ratings by central banks when designing monetary policy. They also support the Covid-19 monetary stimulus, and in particular the waiver of private credit rating eligibility requirements applied to recently downgraded issuers.

How long is Quantitative Easing and Credit Rating Agencies?

Quantitative Easing and Credit Rating Agencies by Nordine Abidi is 93 pages long, and a total of 23,529 words.

This makes it 31% the length of the average book. It also has 29% more words than the average book.

How Long Does it Take to Read Quantitative Easing and Credit Rating Agencies Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 8 minutes to read Quantitative Easing and Credit Rating Agencies aloud.

What Reading Level is Quantitative Easing and Credit Rating Agencies?

Quantitative Easing and Credit Rating Agencies is suitable for students ages 10 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 Quantitative Easing and Credit Rating Agencies?

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