How Long to Read The Redistributive Effects of Financial Deregulation

How Long Does it Take to Read The Redistributive Effects of Financial Deregulation?

It takes the average reader and 42 minutes to read The Redistributive Effects of Financial Deregulation by Mr.Anton Korinek

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

Description

Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.

How long is The Redistributive Effects of Financial Deregulation?

The Redistributive Effects of Financial Deregulation by Mr.Anton Korinek is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read The Redistributive Effects of Financial Deregulation Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read The Redistributive Effects of Financial Deregulation aloud.

What Reading Level is The Redistributive Effects of Financial Deregulation?

The Redistributive Effects of Financial Deregulation 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 The Redistributive Effects of Financial Deregulation?

The Redistributive Effects of Financial Deregulation by Mr.Anton Korinek is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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