How Long to Read Why Do Emerging Economies Borrow in Foreign Currency?

How Long Does it Take to Read Why Do Emerging Economies Borrow in Foreign Currency??

It takes the average reader and 39 minutes to read Why Do Emerging Economies Borrow in Foreign Currency? by Mr.Olivier Jeanne

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

Description

This paper explores the hypothesis that the dollarization of liabilities in emerging market economies is the result of a lack of monetary credibility. I present a model in which firms choose the currency composition of their debts so as to minimize their probability of default. Decreasing monetary credibility can induce firms to dollarize their liabilities, even though this makes them vulnerable to a depreciation of the domestic currency. The channel is different from the channel studied in the earlier literature on sovereign debt, and it applies to both private and public debt. The paper...

How long is Why Do Emerging Economies Borrow in Foreign Currency??

Why Do Emerging Economies Borrow in Foreign Currency? by Mr.Olivier Jeanne is 38 pages long, and a total of 9,804 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 Why Do Emerging Economies Borrow in Foreign Currency? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Why Do Emerging Economies Borrow in Foreign Currency? aloud.

What Reading Level is Why Do Emerging Economies Borrow in Foreign Currency??

Why Do Emerging Economies Borrow in Foreign Currency? 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.

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