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- W4367180808 abstract "We offer an account of China’s unparalleled economic rise by considering evidence on public banks and their role in decentralizing the resource allocation task of a growing economy. Chinese economic and banking history since the post-Mao reforms reveals an ingenious integration by the local policymakers of Currency (public money supply) and Banking School (decentralized money creation) policy recommendations previously thought incompatible, resulting in a social democracy with Chinese characteristics. Our theoretical and historical discussions offer policy insights into the constructive role of quantitative public bank easing in economic development." @default.
- W4367180808 created "2023-04-28" @default.
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- W4367180808 date "2023-04-27" @default.
- W4367180808 modified "2023-09-25" @default.
- W4367180808 title "Deciphering the Chinese Economic Miracle: The Resolution of an Age-Old Economists’ Debate — and its Central Role in Rapid Economic Development" @default.
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- W4367180808 doi "https://doi.org/10.1080/09538259.2023.2180200" @default.
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