It takes the average reader and 21 minutes to read Using Credit Subsidies to Counteract a Credit Bust by Jiri Podpiera
Assuming a reading speed of 250 words per minute. Learn more
Emerging markets are particularly vulnerable to boom-bust credit cycles, due to excessive capital flows, shallow equity markets, and companies' high leverage and open FX positions. While the policy debate on how to respond to boom-bust credit cycles remains unsettled, it has been conjectured that credit subsidies may provide a particularly effective policy tool to counter a credit bust. This paper reports on a rare policy experiment where credit subsidies were used to buffer the impact of the global financial crisis on Serbia in 2009. Model simulations suggest that credit subsidies in Serbia helped to mitigate the slump in output.
Using Credit Subsidies to Counteract a Credit Bust by Jiri Podpiera is 21 pages long, and a total of 5,271 words.
This makes it 7% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read Using Credit Subsidies to Counteract a Credit Bust aloud.
Using Credit Subsidies to Counteract a Credit Bust is suitable for students ages 8 and up.
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