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against non-diversifiable labor income risk. We then use our our theory to link openness to trade to the level of …
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against non-diversifiable labor income risk. We then use our our theory to link openness to trade to the level of …
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China's recent investment boom looks much like the investment boom in the Asian tigers of the 1990s. Both were marked by a surge in bank credit to the private sector, a real estate boom and questions about the quality of domestic financial intermediation. Yet, China has few of the external...
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