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constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan - at different points of time - self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …
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constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan – at different points of time – self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …
Persistent link: https://www.econbiz.de/10012988972
China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of … international capital-market transactions will China permit? How will China's financial system change internally? What kind of … States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the …
Persistent link: https://www.econbiz.de/10012687139
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China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of … international capital-market transactions will China permit? How will China's financial system change internally? What kind of … States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the …
Persistent link: https://www.econbiz.de/10014488526
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...
Persistent link: https://www.econbiz.de/10011325969