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Explain Why the Chapter Argues That China's Foreign Exchange Capital

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Explain why the chapter argues that China's foreign exchange capital structure has been "conservative" in recent decades. Relate this to questions of capital mobility and financial crises.
Discuss this in class in the context of the following notes:
Explain why the chapter argues that China's foreign exchange capital structure has been  conservative  in recent decades. Relate this to questions of capital mobility and financial crises. Discuss this in class in the context of the following notes:

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Limited capital mobility, for example, r...

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