How Long to Read Recognizing Reality—Unification of Official and Parallel Market Exchange Rates
By Mr.Simon T Gray
How Long Does it Take to Read Recognizing Reality—Unification of Official and Parallel Market Exchange Rates?
It takes the average reader and 45 minutes to read Recognizing Reality—Unification of Official and Parallel Market Exchange Rates by Mr.Simon T Gray
Assuming a reading speed of 250 words per minute. Learn more
Description
Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel exchange rate market develops, in such circumstances; and when the spread between the official and parallel rates is both substantial and sustained, price levels in the economy typically reflect the parallel market exchange rate. “Recognizing reality” by allowing economic agents to use a market clearing rate benefits economic activity without necessarily leading to more inflation. But a unified, market-clearing exchange rate will not stabilize without a supportive fiscal and monetary context. A number of country case studies are included; my thanks to Jie Ren for pulling together all the data for the country case studies, and the production of the charts.
How long is Recognizing Reality—Unification of Official and Parallel Market Exchange Rates?
Recognizing Reality—Unification of Official and Parallel Market Exchange Rates by Mr.Simon T Gray is 45 pages long, and a total of 11,475 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
How Long Does it Take to Read Recognizing Reality—Unification of Official and Parallel Market Exchange Rates Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Recognizing Reality—Unification of Official and Parallel Market Exchange Rates aloud.
What Reading Level is Recognizing Reality—Unification of Official and Parallel Market Exchange Rates?
Recognizing Reality—Unification of Official and Parallel Market Exchange Rates 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.
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