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- W83194549 abstract "This study addresses the question of whether exchange rates can be an effective tool for macroeconomic control in China by examining the impact of renminbi exchange rate movements on the external sector and aggregate demand. The empirical analysis shows that an appreciation can reduce exports due to an expenditure-switching effect, and such an effect is likely to dominate other offsetting forces, resulting in a moderate contraction in aggregate demand. These findings suggest that the exchange rate can play a useful role in macroeconomic control in China." @default.
- W83194549 created "2016-06-24" @default.
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- W83194549 date "2006-01-01" @default.
- W83194549 modified "2023-09-27" @default.
- W83194549 title "Impact of Exchange Rate Movements on the Mainland Economy" @default.
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