Are Currency Appreciations Contractionary in China?
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The Chinese economy has been in a state of external and internal imbalances for some years, which has something to do with the undervaluation of renminbi (RMB). But the Chinese Government hesitates to allow RMB to appreciate because of the worry that RMB appreciations are contractionary thus have
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美国国家经济研究局创建时间：
2006-10-01
