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Research typically treats exchange rate regime selection as exogenous. Using the Asian Financial Crisis as a case study, we show that countries that peg in 1996 and countries that float in 1996 are, on average, different from each other on variables that affect the outcomes of interest. After...
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Just when China's leaders receive conflicting signals of "overheating" and "below-potential growth", they encounter … challenges have their roots in China's inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …
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