How Long to Read Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data

By Mr. Alessandro Prati

How Long Does it Take to Read Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data?

It takes the average reader and 38 minutes to read Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data by Mr. Alessandro Prati

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

Description

We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt, especially for firms without foreign currency revenues. As an identification strategy, we exploit, via a difference-in-difference approach, within-country variation in firms'' access to foreign currency, measured by whether or not a firm belongs to the nontradables sector. Nontradables firms benefit substantially more from capital account liberalization than others, a finding that is robust to a broad range of alternative specifications.

How long is Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data?

Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data by Mr. Alessandro Prati is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data aloud.

What Reading Level is Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data?

Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data 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.

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