How Long to Read What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

How Long Does it Take to Read What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries??

It takes the average reader and 41 minutes to read What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? by Mr.Adolfo Barajas

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

Description

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation) pressure on real exchange rates, reducing the quality of institutions, delaying fiscal adjustment, and ultimately having an indeterminate effect on long-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing a stable flow of interest-insensitive funding, remittances tend to increase banks’ holdings of liquid assets. This both reduces the need for an interbank market and severs the link between the policy rate and banks’ marginal costs of funds, thus shutting down a major transmission channel. We develop a stylized model based on asymmetric information and a lack of transparent borrowers and undertake econometric analysis providing evidence that increased remittance inflows are associated with a weaker transmission. As independent monetary policy becomes impaired, this result is consistent with earlier findings that recipient countries tend to favor fixed exchange rate regimes.

How long is What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries??

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? by Mr.Adolfo Barajas is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? aloud.

What Reading Level is What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries??

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? 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 What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries??

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? by Mr.Adolfo Barajas 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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