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Already, manufacturing firms in southern China are struggling to cope with the rising yuan, because there is no currency-futures market for hedging.Similarly, Chinese firms are forced into inefficient financing arrangements.
Inefficient Financing.
This paper analyzes the role and effects of public policy when inefficient financing can result from coordination problems among multiple lenders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com