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no DOI — not checked26 More fundamental changes (e.g., allowing greater outward capital flows from the PRC) and reducing the numerous distortions to production and demand seem more important. That said, untying the exchange rate from the depreciating US dollar would seem to be a first step in ensuring that the exchange rate distortion is not increasing over time. This USD/RMB link has undone much of the very substantial progress
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no DOI — not checkedThe Dollar and the Deficits: How Washington Can Prevent the Next Crisis
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no DOI — not checkedDiscussion of 'Global Imbalances and the Financial Crisis: Products of Common Causes
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no DOI — not checkedAmbulance Economics: The Pros and Cons of Fiscal Stimuli
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no DOI — not checkedChoosing an Exchange Rate Regime
no DOI — not checkedCurrency Reserves and Debt
no DOI — not checkedInternational Imbalances and International Policy Coordination. Lowy Institute Perspectives
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no DOI — not checkedBank for International Settements, Switzerland. CGFS. 2009. Capital Flows and Emerging Market Economies. CGFS Papers No. 33, Committee on the Global Financial System, Bank for International Settlements, Basel. IEO-IMF
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no DOI — not checkedChina's Financial Conundrum and Global Imbalances
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no DOI — not checkedFinancial Stability, the Trilemma and International Reserves
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no DOI — not checkedCapital Inflows: The Role of Controls. IMF Staff Position Note SPN/10/04
no DOI — not checkedWhy Sluggish Credit Growth is Typical at This Recovery Stage
no DOI — not checkedWhy We Should Expect Low Growth amid Debt
no DOI — not checkedWhy Market Sentiment has No Credibility
no DOI — not checkedDid Quantitative Easing by the Bank of Japan
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