NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The US as the "Demander of Last Resort" and its Implications on China's Current Account

Joshua Aizenman, Yothin Jinjarak

NBER Working Paper No. 14453
Issued in October 2008

---- Acknowledgements -----

We would like to thank Menzie Chinn for useful comments. Any errors are ours. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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