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This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for expected exchange rate changes. In doing so, we...
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The unprecedented economic rise of Eastern Europe and China in the last two decades has triggered concerns in developed … regional import and export exposure using trade flows from other highly-developed countries with East Europe and China. We find … effects of trade integration with China on the employment margin. We complement our findings with results on regional wage …
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