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This paper attempts to estimate the nearness of near monies in Canada including foreign monetary assets, i.e. US dollars. The results enable us to make a statement about how substitutable US dollars are in the Canadian private asset portfolio. This brought the event of currency substitution into...
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This paper examines the 1994 inflation in China, which occurred at a time when the government was vigorously conducting macroeconomic contraction. The event deserves more attention for both academic and policy research reasons. The paper shows that the inflation was led by food price increases,...
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Little is known about the firm-level dynamics behind trade responses to political tensions. This article reinvestigates variation in the travel pattern of the 14th Dalai Lama to study how political tensions affect trading decisions of Chinese importers. Using monthly trade data from China...
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