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This paper examines the interplay between exchange rate regimes and policies and commercial policy in six transition economies. In all these economies the rate of protection afforded domestic industry by the exchange rate has been eroded by high rates of inflation and insufficient growth in...
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of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …
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analysis. The stylized facts differ qualitatively across different phases or economies. We argue that the impacts of China …
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