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CIAO DATE: 12/05
Yuan Answers?
On the Issue
June 2005
Phillip L. Swagel
The American Enterprise Institute for Public Policy Research
Abstract
If China decides to adopt a flexible exchange rate, as many U.S. policymakers have urged, gains in U.S. exports and national savings in the long term will be offset by higher prices on Chinese goods and higher interest rates in the short term.
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