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Type | Journal Article |
Scope | Discipline-based scholarship |
Title | The “real” causes of China’s trade surplus |
Organization Unit | |
Authors |
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Item Subtype | Original Work |
Refereed | No |
Status | Published in final form |
Language |
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Journal Title | Vox |
Publisher | Centre for Economic Policy Research |
Geographical Reach | international |
Page Range | online |
Date | 2010 |
Abstract Text | China has amassed $2.4 trillion of foreign reserves over the last two decades. This column argues that it is wrong, and even dangerous, to blame this on a manipulation of the exchange rate. Instead it proposes a structural theory emphasising that credit market imperfections require private firms to build up internal savings which have been channelled into foreign bonds. |
Free access at | Official URL |
Official URL | http://www.voxeu.org/index.php?q=node/4985 |
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