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This paper evaluates the spillovers from U.S. monetary policy to China's domestic interest rates over 1999-2016, focusing on the impacts of long-term interest rate and exchange rate regimes on the capacity of China to moderate external interest rate shocks. We find that China's central bank owns...
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competitiveness of US MNEs depends on their ability to use China as the production base for supplying the rest of the world, and China …
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