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This book, by one of China's leading economists, explores the past and present of the RMB―the people's currenc
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This book aims at assessing the potential impacts of China's macro economic, trade, exchange rate and reserve manag
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Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of internat
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International trade theory implicitly assumes that countries participating in external trade each have sovereign status.
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This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in
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Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for co
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A theoretical framework, based on existing literature, which could serve as a guide for developing countries in choosing
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The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of in
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With the rise of China, India and the re-emergence of East Asia from the financial crisis of 1997–98, monetary issues in
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