How Long to Read Shock Therapy! What Role for Thai Monetary Policy?

How Long Does it Take to Read Shock Therapy! What Role for Thai Monetary Policy??

It takes the average reader and 49 minutes to read Shock Therapy! What Role for Thai Monetary Policy? by Mr.Harun Alp

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

Description

Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates (to, for example, a historically low level of 11⁄4 percent by mid-2009). This paper seeks to uncover the role of monetary policy in softening the impact of these shocks. Specifically, it seeks to address the following question: if an inflation targeting framework underpinned by a flexible exchange rate regime had not been in place, how would the economic contractions associated with these shocks have differed? Counterfactual simulations based on an estimated structural model indicate that countercyclical monetary policy and exchange rate flexibility added up to a total of 4 percentage points to real GDP growth during periods when Thailand had to weather these three major shocks.

How long is Shock Therapy! What Role for Thai Monetary Policy??

Shock Therapy! What Role for Thai Monetary Policy? by Mr.Harun Alp is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Shock Therapy! What Role for Thai Monetary Policy? Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read Shock Therapy! What Role for Thai Monetary Policy? aloud.

What Reading Level is Shock Therapy! What Role for Thai Monetary Policy??

Shock Therapy! What Role for Thai Monetary Policy? 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 Shock Therapy! What Role for Thai Monetary Policy??

Shock Therapy! What Role for Thai Monetary Policy? by Mr.Harun Alp is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Shock Therapy! What Role for Thai Monetary Policy? by Mr.Harun Alp on Amazon click the button below.