An Australian Perspective
Edited by Mohamed Ariff, John H. Farrar and Ahmed M. Khalid
Chapter 3: Exchange Rate Changes and Global Trade Imbalances: China as a Major Creditor Country
3. Exchange rate changes and global trade imbalances: China as a major creditor country Ronald I. MacKinnon 3.1 PRELUDE In the decade of 2000–2010, the US dollar experienced a volatile period. Up to mid-2008, the dollar depreciated significantly a...
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