How Long to Read The Stabilizing Role of Net Foreign Asset Returns

How Long Does it Take to Read The Stabilizing Role of Net Foreign Asset Returns?

It takes the average reader and 33 minutes to read The Stabilizing Role of Net Foreign Asset Returns by Gustavo Adler

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

Description

With the rapid growth of countries' foreign asset and liability positions over the last two decades, financial returns on those positions ('NFA returns') have become material drivers of current accounts and net stock positions. This paper documents the relative importance of NFA return versus trade channels in driving NFA dynamics, for a sample of 52 economies over 1990-2015. While persistent trade imbalances have been a strong force leading to diverging NFA positions, NFA returns have played an important stabilizing role, mitigating NFA divergence. The stabilizing role of NFA returns primarily reflects the response of asset prices, rather than yield differentials or exchange rates. There is also evidence of heterogeneity in the speed of NFA adjustment, with emerging market economies adjusting more rapidly than advanced economies, and reserve-currency countries adjusting more slowly than others. The paper also documents the role of NFA returns as insurance against domestic and global income shocks, with a focus on reserve-currency countries.

How long is The Stabilizing Role of Net Foreign Asset Returns?

The Stabilizing Role of Net Foreign Asset Returns by Gustavo Adler is 33 pages long, and a total of 8,349 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read The Stabilizing Role of Net Foreign Asset Returns Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read The Stabilizing Role of Net Foreign Asset Returns aloud.

What Reading Level is The Stabilizing Role of Net Foreign Asset Returns?

The Stabilizing Role of Net Foreign Asset Returns 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 Stabilizing Role of Net Foreign Asset Returns?

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