Web1 day ago · Drawing on Chinese firm-level data, Fan, Lai, and Li (2015) study the influence of firms' financial constraints on export quality and find that firms with tighter financial constraints have lower product quality. Zhu and Tomasi ... The first-stage results show that the increase in CNY price per foreign currency (depreciation of CNY) causes ... Webthe e-CNY is a public good that improves financial inclusion. First, the design of the e-CNY system will broaden the accessibility of payment services. Thanks to the design of loosely -coupled account linkage, the underbanked population in poor and remote areas could apply for digital wallets without opening a bank account, which could
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