How Long to Read Sudden stops, time inconsistency, and the duration of sovereign debt

How Long Does it Take to Read Sudden stops, time inconsistency, and the duration of sovereign debt?

It takes the average reader and 17 minutes to read Sudden stops, time inconsistency, and the duration of sovereign debt by Juan Carlos Hatchondo

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

Description

We study the sovereign debt duration chosen by the government in the context of a standard model of sovereign default. The government balances off increasing the duration of its debt to mitigate rollover risk and lowering duration to mitigate the debt dilution problem. We present two main results. First, when the government decides the debt duration on a sequential basis, sudden stop risk increases the average duration by 1 year. Second, we illustrate the time inconsistency problem in the choice of sovereign debt duration: governments would like to commit to a duration that is 1.7 years shorter than the one they choose when decisions are made sequentially.

How long is Sudden stops, time inconsistency, and the duration of sovereign debt?

Sudden stops, time inconsistency, and the duration of sovereign debt by Juan Carlos Hatchondo is 17 pages long, and a total of 4,369 words.

This makes it 6% the length of the average book. It also has 5% more words than the average book.

How Long Does it Take to Read Sudden stops, time inconsistency, and the duration of sovereign debt Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 23 minutes to read Sudden stops, time inconsistency, and the duration of sovereign debt aloud.

What Reading Level is Sudden stops, time inconsistency, and the duration of sovereign debt?

Sudden stops, time inconsistency, and the duration of sovereign debt is suitable for students ages 6 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 Sudden stops, time inconsistency, and the duration of sovereign debt?

Sudden stops, time inconsistency, and the duration of sovereign debt by Juan Carlos Hatchondo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Sudden stops, time inconsistency, and the duration of sovereign debt by Juan Carlos Hatchondo on Amazon click the button below.