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Global prominence of China’s financial markets
Jinyue Dong, Alejandro Neut 2016-04-08
Abstract
In recent months, financial turmoil in China has significantly hurt global financial markets. Yet the channel has been commercial rather than purely financial: turmoil in China has “signaled” risks to China’s economic outlook rather than “caused” global financial imbalances. That said, actual financial linkages are set to grow as China´s markets are liberalized.
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