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Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years.These accords span the real and financial sectors; rather than following the more typical pattern of "trade first,money later", recent policy initiatives involve the simultaneous...
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This paper quantifies the effects of China’s trade reforms on the current account in its post-WTO period since 2001. We … first present cross-country evidence to show that the adjustment of the current account to WTO access in China differs from …-level evidence and argue that asymmetric trade reforms between exporting and importing sectors in China may help to explain the …
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