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In emerging market economies, transmission of monetary policy through the foreign exchange market is complicated by the coexistence of financial restrictions and arbitrages. Using China as an example, we show that the coexistence of exchange rate interventions, capital controls and an...
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experiences from Europe. Recently the role of cash in the economy has become a much-discussed topic in Europe, but the issue is …Introduction: On the Role of Cash in East Asia -- The Use of Cash in Europe and East Asia -- New Estimates for the …
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