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renminbi against the dollar would reduce net revenues by 5.4 percent if the firms left prices unchanged. This large exposure is … China to allow the RMB to undergo a rapid appreciation against the dollar …
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relationship with the firm-level exchange rate exposure in China. We find that firms’ exchange rate exposure increases in periods …
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relationship with the firm-level exchange rate exposure in China. We find that firms’ exchange rate exposure increases in periods …
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