It takes the average reader 1 hour and 20 minutes to read Three Branches of Theories of Financial Crises by Itay Goldstein
Assuming a reading speed of 250 words per minute. Learn more
In this monograph, we review three branches of theoretical literature on financial crises. The first deals with banking crises originating from coordination failures among bank creditors. The second deals with frictions in credit and interbank markets due to problems of moral hazard and adverse selection. The third deals with currency crises. We discuss the evolutions of these branches in the literature, and how they have been integrated recently to explain the turmoil in the world economy during the East Asian crises and in the last few years. We discuss the relation of the models to the...
Three Branches of Theories of Financial Crises by Itay Goldstein is 80 pages long, and a total of 20,000 words.
This makes it 27% the length of the average book. It also has 24% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 49 minutes to read Three Branches of Theories of Financial Crises aloud.
Three Branches of Theories of Financial Crises is suitable for students ages 10 and up.
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