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"This ground-breaking book analyses the severe monetary policy challenges facing Latin American countries. Contributors reflect on how these issues should be addressed by policy-makers, identifying the need for a synergic response from regional central banks. Arguing that the challenges...
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sensitive to the treatment of time trends. Estimates of aggregate imports are more problematic. In many cases, Chinese aggregate … imports actually rise in response to a RMB depreciation and decline with Chinese GDP. This is true even after accounting for … the fact a substantial share of imports are subsequently incorporated into Chinese exports. We find that some of these …
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