How Long to Read Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk
By Chang Ma
How Long Does it Take to Read Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk?
It takes the average reader and 40 minutes to read Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk by Chang Ma
Assuming a reading speed of 250 words per minute. Learn more
Description
Over the past two decades, Mexico has hedged oil price risk through the purchase of put options. We examine the resulting welfare gains using a standard sovereign default model calibrated to Mexican data. We show that hedging increases welfare by reducing income volatility and reducing risk spreads on sovereign debt. We find welfare gains equivalent to a permanent increase in consumption of 0.44 percent with 90 percent of these gains stemming from lower risk spreads.
How long is Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk?
Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk by Chang Ma is 39 pages long, and a total of 10,101 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
How Long Does it Take to Read Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk aloud.
What Reading Level is Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk?
Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk 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 Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk?
Welfare Gains from Market Insurance: The Case of Mexican Oil Price Risk by Chang Ma 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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