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integration with other regional and world markets in spite of ongoing capital controls …
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integration with other regional and world markets in spite of ongoing capital controls …
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integration with other regional and world markets in spite of ongoing capital controls …
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Post-1990 Chinese monetary policy is modeled with a McCallum-type rule that takes into account the People's Bank of China's emphasis on targeting the rate of money supply growth. People's Bank policy appears responsive to the gap between target and actual nominal GDP as well as to external...
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