It takes the average reader and 30 minutes to read The Effects of Capital Controls on Exchange Rate Volatility and Output by Michael Frenkel
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This paper extends the Dornbusch model of overshooting exchange rates to discuss both exchange rate and output effects of capital controls that involve additional costs for international asset transactions. We show that, on the one hand, such capital controls have the merit of reducing the volatility of exchange rates following a monetary shock. On the other hand, the implementation increases exchange rate volatility in the short run and induces costs for the real sector in the form of lower equilibrium output levels.
The Effects of Capital Controls on Exchange Rate Volatility and Output by Michael Frenkel is 30 pages long, and a total of 7,500 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read The Effects of Capital Controls on Exchange Rate Volatility and Output aloud.
The Effects of Capital Controls on Exchange Rate Volatility and Output is suitable for students ages 8 and up.
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