As mainland China's inflationary spiral accelerated in 1947-1949 there was a massive outflow of funds to the island of … Taiwan. The exporting of China's hyperinflation was facilitated by the fixed, overvalued, exchange rate between the mainland … mainland China on inflationary pressures in Taiwan. We find no independent role for Taiwanese money growth in the inflation …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …