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China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world …
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This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
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, significant number of central banks in the world tended to place part of the foreign exchange reserves into fixed income …
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