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What was the main reason the Chinese authorities kept the dollar overvalued?
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What was the main reason the Chinese authorities kept the dollar overvalued?
What was the main reason the Chinese authorities kept the dollar overvalued?
Textbook
Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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The dollar was kept overvalued so that Chinese exports would increase, which in turn would increase net exports and boost Chinese growth.
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