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It was said that the Bank of China (BOC) helped keep U.S. mortgage rates relatively low in 2003-2007. Explain in as much detail as possible
It was said that the Bank of China (BOC) helped keep U.S. mortgage rates relatively low in 2003-2007. Explain in as much detail as possible each step in the process that starts with BOC intervention in the foreign exchange markets and ends with U.S. mortgage rates being lower than they would have been without the BOC actions.
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