It takes the average reader and 24 minutes to read The Role of Domestic and Foreign Investors in a Simple Model of Speculative Attacks by Dennis P. J. Botman
Assuming a reading speed of 250 words per minute. Learn more
We introduce local and foreign investors in a simple model of speculative attacks. Local investors have less tolerance for overvaluation of the fixed exchange rate because they tend to incur lower costs when taking a short position and possess better information, and because of moral hazard created by discriminatory government guarantees. On the other hand, the prospect of higher taxation after a balance of payments crisis deters speculation by locals compared to foreign investors. Finally, the lower the degree of exchange rate pass-through, the more likely domestic investors are tp take the lead during capital flight.
The Role of Domestic and Foreign Investors in a Simple Model of Speculative Attacks by Dennis P. J. Botman is 24 pages long, and a total of 6,096 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read The Role of Domestic and Foreign Investors in a Simple Model of Speculative Attacks aloud.
The Role of Domestic and Foreign Investors in a Simple Model of Speculative Attacks 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.
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