It takes the average reader 1 hour and 2 minutes to read The Egyptian Stabilization Experience by Mr.Arvind Subramanian
Assuming a reading speed of 250 words per minute. Learn more
This paper analyzes the successful Egyptian stabilization experience during the 1990s, focusing on its distinctive features and contrasting them with the recent experiences of other developing countries. The key policy elements were a large fiscal adjustment, use of an exchange rate anchor that has endured for over six years, supported by prudent monetary policies, and early moves to liberalize interest and exchange markets. The outcomes included the avoidance of an output collapse despite the magnitude of fiscal adjustment; avoidance of stresses on the financial system; reversal of endemic dollarization; financial deepening at the expense of the banking system; and maintenance of external viability despite a lackluster export performance.
The Egyptian Stabilization Experience by Mr.Arvind Subramanian is 62 pages long, and a total of 15,624 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read The Egyptian Stabilization Experience aloud.
The Egyptian Stabilization Experience is suitable for students ages 8 and up.
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