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China has been moving to a more market oriented financial system, which has implications for the monetary policy … income and the interest rate. For China, we find that the stable long-run relationship between money demand, output, and …
Persistent link: https://www.econbiz.de/10014411216
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its …
Persistent link: https://www.econbiz.de/10014411281
KEY ISSUES Context. After three decades of remarkable growth, the economy has been slowing. Much of the slowdown has been structural, reflecting the natural convergence process and waning dividends from past reforms; weak global growth has also contributed. Moreover, since the global financial...
Persistent link: https://www.econbiz.de/10014411468
This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the …
Persistent link: https://www.econbiz.de/10014411691
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …-an inverted Ushaped relationship between income inequality and economic development-in China and the panel of BRIC+ countries. In … the case of China, the empirical results indicate that government spending and taxation have opposing effects on income …
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