It takes the average reader and 25 minutes to read Real Exchange Rate Targeting Under Capital Controls by Mr.Peter Montiel
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the issue of whether the money supply can serve as a nominal anchor for the domestic price level under real exchange rate targeting. When capital controls are perfect so that there is complete separation between official and unofficial markets for foreign exchange, the domestic inflation rate can be stabilized, but only at the expense of a widening gap between official and parallel market exchange rates. When cross - transactions between the two markets are permitted, the steady state of the model is identical to that of a model without capital controls and, hence, the...
Real Exchange Rate Targeting Under Capital Controls by Mr.Peter Montiel is 25 pages long, and a total of 6,375 words.
This makes it 8% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 34 minutes to read Real Exchange Rate Targeting Under Capital Controls aloud.
Real Exchange Rate Targeting Under Capital Controls is suitable for students ages 8 and up.
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