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In no more than 5 sentences, explain how The People's Bank of China (PBOC) accumulated dollar reserves through the 2000s. Using the AA/DD framework, discuss

In no more than 5 sentences, explain how The People's Bank of China (PBOC) accumulated dollar reserves through the 2000s. Using the AA/DD framework, discuss the implications for China's nominal exchange rate and output. Using the Metzler diagram, discuss the implications for China's current account and the global real interest rate

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