id	sid	tid	token	lemma	pos
fbem-28642	1	1	frontiers	frontier	NOUN
fbem-28642	1	2	in	in	ADP
fbem-28642	1	3	business	business	NOUN
fbem-28642	1	4	,	,	PUNCT
fbem-28642	1	5	economics	economic	NOUN
fbem-28642	1	6	and	and	CCONJ
fbem-28642	1	7	management	management	NOUN
fbem-28642	1	8	issn	issn	PROPN
fbem-28642	1	9	:	:	PUNCT
fbem-28642	1	10	2766	2766	NUM
fbem-28642	1	11	-	-	PUNCT
fbem-28642	1	12	824x	824x	NUM
fbem-28642	1	13	|	|	ADJ
fbem-28642	1	14	vol	vol	NOUN
fbem-28642	1	15	.	.	PROPN
fbem-28642	1	16	17	17	NUM
fbem-28642	1	17	,	,	PUNCT
fbem-28642	1	18	no	no	INTJ
fbem-28642	1	19	.	.	NOUN
fbem-28642	1	20	3	3	NUM
fbem-28642	1	21	,	,	PUNCT
fbem-28642	1	22	2024	2024	NUM
fbem-28642	1	23	393	393	NUM
fbem-28642	1	24	a	a	DET
fbem-28642	1	25	research	research	NOUN
fbem-28642	1	26	on	on	ADP
fbem-28642	1	27	the	the	DET
fbem-28642	1	28	impact	impact	NOUN
fbem-28642	1	29	of	of	ADP
fbem-28642	1	30	the	the	DET
fbem-28642	1	31	belt	belt	NOUN
fbem-28642	1	32	and	and	CCONJ
fbem-28642	1	33	road	road	NOUN
fbem-28642	1	34	on	on	ADP
fbem-28642	1	35	the	the	DET
fbem-28642	1	36	euro	euro	PROPN
fbem-28642	1	37	exchange	exchange	NOUN
fbem-28642	1	38	rate	rate	NOUN
fbem-28642	1	39	miaoqian	miaoqian	PROPN
fbem-28642	1	40	xu	xu	PROPN
fbem-28642	1	41	new	new	ADJ
fbem-28642	1	42	channel	channel	PROPN
fbem-28642	1	43	international	international	PROPN
fbem-28642	1	44	education	education	NOUN
fbem-28642	1	45	group	group	NOUN
fbem-28642	1	46	limited	limit	VERB
fbem-28642	1	47	,	,	PUNCT
fbem-28642	1	48	hangzhou	hangzhou	PROPN
fbem-28642	1	49	,	,	PUNCT
fbem-28642	1	50	zhejiang	zhejiang	PROPN
fbem-28642	1	51	,	,	PUNCT
fbem-28642	1	52	310007	310007	NUM
fbem-28642	1	53	,	,	PUNCT
fbem-28642	1	54	china	china	PROPN
fbem-28642	1	55	xumiaoqian@qq.com	xumiaoqian@qq.com	X
fbem-28642	2	1	abstract	abstract	ADJ
fbem-28642	2	2	:	:	PUNCT
fbem-28642	2	3	with	with	ADP
fbem-28642	2	4	the	the	DET
fbem-28642	2	5	advancement	advancement	NOUN
fbem-28642	2	6	of	of	ADP
fbem-28642	2	7	the	the	DET
fbem-28642	2	8	belt	belt	NOUN
fbem-28642	2	9	and	and	CCONJ
fbem-28642	2	10	road	road	NOUN
fbem-28642	2	11	initiative	initiative	NOUN
fbem-28642	2	12	,	,	PUNCT
fbem-28642	2	13	the	the	DET
fbem-28642	2	14	currency	currency	NOUN
fbem-28642	2	15	exchange	exchange	NOUN
fbem-28642	2	16	rate	rate	NOUN
fbem-28642	2	17	fluctuations	fluctuation	NOUN
fbem-28642	2	18	of	of	ADP
fbem-28642	2	19	various	various	ADJ
fbem-28642	2	20	countries	country	NOUN
fbem-28642	2	21	along	along	ADP
fbem-28642	2	22	the	the	DET
fbem-28642	2	23	route	route	NOUN
fbem-28642	2	24	are	be	AUX
fbem-28642	2	25	significantly	significantly	ADV
fbem-28642	2	26	influenced	influence	VERB
fbem-28642	2	27	by	by	ADP
fbem-28642	2	28	it	it	PRON
fbem-28642	2	29	.	.	PUNCT
fbem-28642	3	1	the	the	DET
fbem-28642	3	2	belt	belt	NOUN
fbem-28642	3	3	and	and	CCONJ
fbem-28642	3	4	road	road	NOUN
fbem-28642	3	5	initiative	initiative	NOUN
fbem-28642	3	6	is	be	AUX
fbem-28642	3	7	based	base	VERB
fbem-28642	3	8	on	on	ADP
fbem-28642	3	9	the	the	DET
fbem-28642	3	10	import	import	NOUN
fbem-28642	3	11	and	and	CCONJ
fbem-28642	3	12	export	export	NOUN
fbem-28642	3	13	trade	trade	NOUN
fbem-28642	3	14	of	of	ADP
fbem-28642	3	15	t	t	PROPN
fbem-28642	3	16	he	he	PRON
fbem-28642	3	17	countries	country	NOUN
fbem-28642	3	18	along	along	ADP
fbem-28642	3	19	the	the	DET
fbem-28642	3	20	route	route	NOUN
fbem-28642	3	21	and	and	CCONJ
fbem-28642	3	22	has	have	AUX
fbem-28642	3	23	emerged	emerge	VERB
fbem-28642	3	24	as	as	ADP
fbem-28642	3	25	one	one	NUM
fbem-28642	3	26	of	of	ADP
fbem-28642	3	27	the	the	DET
fbem-28642	3	28	crucial	crucial	ADJ
fbem-28642	3	29	factors	factor	NOUN
fbem-28642	3	30	affecting	affect	VERB
fbem-28642	3	31	currency	currency	NOUN
fbem-28642	3	32	exchange	exchange	NOUN
fbem-28642	3	33	rate	rate	NOUN
fbem-28642	3	34	fluctuations	fluctuation	NOUN
fbem-28642	3	35	.	.	PUNCT
fbem-28642	4	1	the	the	DET
fbem-28642	4	2	current	current	ADJ
fbem-28642	4	3	research	research	NOUN
fbem-28642	4	4	focuses	focus	VERB
fbem-28642	4	5	on	on	ADP
fbem-28642	4	6	the	the	DET
fbem-28642	4	7	impact	impact	NOUN
fbem-28642	4	8	of	of	ADP
fbem-28642	4	9	the	the	DET
fbem-28642	4	10	belt	belt	NOUN
fbem-28642	4	11	and	and	CCONJ
fbem-28642	4	12	road	road	NOUN
fbem-28642	4	13	initiative	initiative	NOUN
fbem-28642	4	14	on	on	ADP
fbem-28642	4	15	the	the	DET
fbem-28642	4	16	euro	euro	PROPN
fbem-28642	4	17	exchange	exchange	NOUN
fbem-28642	4	18	rate	rate	NOUN
fbem-28642	4	19	.	.	PUNCT
fbem-28642	5	1	regarding	regard	VERB
fbem-28642	5	2	import	import	NOUN
fbem-28642	5	3	and	and	CCONJ
fbem-28642	5	4	export	export	NOUN
fbem-28642	5	5	trade	trade	NOUN
fbem-28642	5	6	,	,	PUNCT
fbem-28642	5	7	the	the	DET
fbem-28642	5	8	economic	economic	ADJ
fbem-28642	5	9	development	development	NOUN
fbem-28642	5	10	level	level	NOUN
fbem-28642	5	11	of	of	ADP
fbem-28642	5	12	countries	country	NOUN
fbem-28642	5	13	worldwide	worldwide	ADV
fbem-28642	5	14	,	,	PUNCT
fbem-28642	5	15	the	the	DET
fbem-28642	5	16	inflation	inflation	NOUN
fbem-28642	5	17	rate	rate	NOUN
fbem-28642	5	18	,	,	PUNCT
fbem-28642	5	19	and	and	CCONJ
fbem-28642	5	20	the	the	DET
fbem-28642	5	21	demand	demand	NOUN
fbem-28642	5	22	for	for	ADP
fbem-28642	5	23	money	money	NOUN
fbem-28642	5	24	,	,	PUNCT
fbem-28642	5	25	it	it	PRON
fbem-28642	5	26	aims	aim	VERB
fbem-28642	5	27	to	to	PART
fbem-28642	5	28	review	review	VERB
fbem-28642	5	29	,	,	PUNCT
fbem-28642	5	30	investigate	investigate	VERB
fbem-28642	5	31	,	,	PUNCT
fbem-28642	5	32	and	and	CCONJ
fbem-28642	5	33	study	study	VERB
fbem-28642	5	34	previous	previous	ADJ
fbem-28642	5	35	research	research	NOUN
fbem-28642	5	36	outcomes	outcome	NOUN
fbem-28642	5	37	such	such	ADJ
fbem-28642	5	38	as	as	ADP
fbem-28642	5	39	"	"	PUNCT
fbem-28642	5	40	fisher	fisher	PROPN
fbem-28642	5	41	's	's	PART
fbem-28642	5	42	theorem	theorem	NOUN
fbem-28642	5	43	"	"	PUNCT
fbem-28642	5	44	,	,	PUNCT
fbem-28642	5	45	"	"	PUNCT
fbem-28642	5	46	cambridge	cambridge	NOUN
fbem-28642	5	47	equation	equation	NOUN
fbem-28642	5	48	"	"	PUNCT
fbem-28642	5	49	,	,	PUNCT
fbem-28642	5	50	and	and	CCONJ
fbem-28642	5	51	keynes	keynes	PROPN
fbem-28642	5	52	's	's	PART
fbem-28642	5	53	liquidity	liquidity	NOUN
fbem-28642	5	54	preference	preference	NOUN
fbem-28642	5	55	theory	theory	NOUN
fbem-28642	5	56	.	.	PUNCT
fbem-28642	6	1	by	by	ADP
fbem-28642	6	2	citing	cite	VERB
fbem-28642	6	3	the	the	DET
fbem-28642	6	4	white	white	PROPN
fbem-28642	6	5	paper	paper	PROPN
fbem-28642	6	6	"	"	PUNCT
fbem-28642	6	7	jointly	jointly	ADV
fbem-28642	6	8	building	build	VERB
fbem-28642	6	9	the	the	DET
fbem-28642	6	10	belt	belt	NOUN
fbem-28642	6	11	and	and	CCONJ
fbem-28642	6	12	road	road	NOUN
fbem-28642	6	13	:	:	PUNCT
fbem-28642	6	14	a	a	DET
fbem-28642	6	15	major	major	ADJ
fbem-28642	6	16	practice	practice	NOUN
fbem-28642	6	17	of	of	ADP
fbem-28642	6	18	building	build	VERB
fbem-28642	6	19	a	a	DET
fbem-28642	6	20	community	community	NOUN
fbem-28642	6	21	with	with	ADP
fbem-28642	6	22	a	a	DET
fbem-28642	6	23	shared	share	VERB
fbem-28642	6	24	future	future	NOUN
fbem-28642	6	25	for	for	ADP
fbem-28642	6	26	mankind	mankind	NOUN
fbem-28642	6	27	"	"	PUNCT
fbem-28642	6	28	issued	issue	VERB
fbem-28642	6	29	by	by	ADP
fbem-28642	6	30	the	the	DET
fbem-28642	6	31	state	state	PROPN
fbem-28642	6	32	council	council	PROPN
fbem-28642	6	33	,	,	PUNCT
fbem-28642	6	34	this	this	DET
fbem-28642	6	35	paper	paper	NOUN
fbem-28642	6	36	employs	employ	VERB
fbem-28642	6	37	literature	literature	NOUN
fbem-28642	6	38	analysis	analysis	NOUN
fbem-28642	6	39	and	and	CCONJ
fbem-28642	6	40	regression	regression	VERB
fbem-28642	6	41	analysis	analysis	NOUN
fbem-28642	6	42	methods	method	NOUN
fbem-28642	6	43	to	to	PART
fbem-28642	6	44	demonstrate	demonstrate	VERB
fbem-28642	6	45	the	the	DET
fbem-28642	6	46	influence	influence	NOUN
fbem-28642	6	47	of	of	ADP
fbem-28642	6	48	the	the	DET
fbem-28642	6	49	belt	belt	NOUN
fbem-28642	6	50	and	and	CCONJ
fbem-28642	6	51	road	road	NOUN
fbem-28642	6	52	initiative	initiative	NOUN
fbem-28642	6	53	on	on	ADP
fbem-28642	6	54	the	the	DET
fbem-28642	6	55	fluctuation	fluctuation	NOUN
fbem-28642	6	56	of	of	ADP
fbem-28642	6	57	the	the	DET
fbem-28642	6	58	euro	euro	PROPN
fbem-28642	6	59	exchange	exchange	NOUN
fbem-28642	6	60	rate	rate	NOUN
fbem-28642	6	61	from	from	ADP
fbem-28642	6	62	multiple	multiple	ADJ
fbem-28642	6	63	perspectives	perspective	NOUN
fbem-28642	6	64	,	,	PUNCT
fbem-28642	6	65	in	in	ADP
fbem-28642	6	66	all	all	DET
fbem-28642	6	67	respects	respect	NOUN
fbem-28642	6	68	,	,	PUNCT
fbem-28642	6	69	and	and	CCONJ
fbem-28642	6	70	at	at	ADP
fbem-28642	6	71	a	a	DET
fbem-28642	6	72	profound	profound	ADJ
fbem-28642	6	73	level	level	NOUN
fbem-28642	6	74	.	.	PUNCT
fbem-28642	7	1	through	through	ADP
fbem-28642	7	2	the	the	DET
fbem-28642	7	3	belt	belt	NOUN
fbem-28642	7	4	and	and	CCONJ
fbem-28642	7	5	road	road	NOUN
fbem-28642	7	6	database	database	NOUN
fbem-28642	7	7	and	and	CCONJ
fbem-28642	7	8	the	the	DET
fbem-28642	7	9	world	world	PROPN
fbem-28642	7	10	bank	bank	PROPN
fbem-28642	7	11	to	to	PART
fbem-28642	7	12	search	search	VERB
fbem-28642	7	13	for	for	ADP
fbem-28642	7	14	relevant	relevant	ADJ
fbem-28642	7	15	data	datum	NOUN
fbem-28642	7	16	and	and	CCONJ
fbem-28642	7	17	by	by	ADP
fbem-28642	7	18	citing	cite	VERB
fbem-28642	7	19	relevant	relevant	ADJ
fbem-28642	7	20	literature	literature	NOUN
fbem-28642	7	21	from	from	ADP
fbem-28642	7	22	cnki	cnki	PROPN
fbem-28642	7	23	and	and	CCONJ
fbem-28642	7	24	wos	wos	X
fbem-28642	7	25	,	,	PUNCT
fbem-28642	7	26	we	we	PRON
fbem-28642	7	27	already	already	ADV
fbem-28642	7	28	have	have	AUX
fbem-28642	7	29	come	come	VERB
fbem-28642	7	30	to	to	ADP
fbem-28642	7	31	a	a	DET
fbem-28642	7	32	conclusion	conclusion	NOUN
fbem-28642	7	33	that	that	SCONJ
fbem-28642	7	34	the	the	DET
fbem-28642	7	35	belt	belt	NOUN
fbem-28642	7	36	and	and	CCONJ
fbem-28642	7	37	road	road	NOUN
fbem-28642	7	38	has	have	AUX
fbem-28642	7	39	a	a	DET
fbem-28642	7	40	significant	significant	ADJ
fbem-28642	7	41	influence	influence	NOUN
fbem-28642	7	42	on	on	ADP
fbem-28642	7	43	the	the	DET
fbem-28642	7	44	rate	rate	NOUN
fbem-28642	7	45	of	of	ADP
fbem-28642	7	46	euro	euro	NOUN
fbem-28642	7	47	,	,	PUNCT
fbem-28642	7	48	good	good	ADJ
fbem-28642	7	49	prediction	prediction	NOUN
fbem-28642	7	50	results	result	NOUN
fbem-28642	7	51	have	have	AUX
fbem-28642	7	52	been	be	AUX
fbem-28642	7	53	achieved	achieve	VERB
fbem-28642	7	54	.	.	PUNCT
fbem-28642	8	1	keywords	keyword	NOUN
fbem-28642	8	2	:	:	PUNCT
fbem-28642	8	3	belt	belt	NOUN
fbem-28642	8	4	and	and	CCONJ
fbem-28642	8	5	road	road	NOUN
fbem-28642	8	6	,	,	PUNCT
fbem-28642	8	7	euro	euro	NOUN
fbem-28642	8	8	exchange	exchange	NOUN
fbem-28642	8	9	rate	rate	NOUN
fbem-28642	8	10	,	,	PUNCT
fbem-28642	8	11	inflation	inflation	NOUN
fbem-28642	8	12	,	,	PUNCT
fbem-28642	8	13	balance	balance	NOUN
fbem-28642	8	14	of	of	ADP
fbem-28642	8	15	trade	trade	NOUN
fbem-28642	8	16	,	,	PUNCT
fbem-28642	8	17	currency	currency	NOUN
fbem-28642	8	18	demand	demand	NOUN
fbem-28642	8	19	.	.	PUNCT
fbem-28642	9	1	1	1	X
fbem-28642	9	2	.	.	X
fbem-28642	9	3	introduction	introduction	NOUN
fbem-28642	9	4	over	over	ADP
fbem-28642	9	5	the	the	DET
fbem-28642	9	6	past	past	ADJ
fbem-28642	9	7	decade	decade	NOUN
fbem-28642	9	8	,	,	PUNCT
fbem-28642	9	9	the	the	DET
fbem-28642	9	10	belt	belt	NOUN
fbem-28642	9	11	and	and	CCONJ
fbem-28642	9	12	road	road	NOUN
fbem-28642	9	13	initiative	initiative	NOUN
fbem-28642	9	14	has	have	AUX
fbem-28642	9	15	taken	take	VERB
fbem-28642	9	16	root	root	NOUN
fbem-28642	9	17	in	in	ADP
fbem-28642	9	18	europe	europe	PROPN
fbem-28642	9	19	,	,	PUNCT
fbem-28642	9	20	and	and	CCONJ
fbem-28642	9	21	remarkable	remarkable	ADJ
fbem-28642	9	22	achievements	achievement	NOUN
fbem-28642	9	23	have	have	AUX
fbem-28642	9	24	been	be	AUX
fbem-28642	9	25	made	make	VERB
fbem-28642	9	26	in	in	ADP
fbem-28642	9	27	five	five	NUM
fbem-28642	9	28	areas	area	NOUN
fbem-28642	9	29	:	:	PUNCT
fbem-28642	9	30	policy	policy	NOUN
fbem-28642	9	31	communication	communication	NOUN
fbem-28642	9	32	,	,	PUNCT
fbem-28642	9	33	infrastructure	infrastructure	NOUN
fbem-28642	9	34	connectivity	connectivity	NOUN
fbem-28642	9	35	,	,	PUNCT
fbem-28642	9	36	unimpeded	unimpeded	ADJ
fbem-28642	9	37	trade	trade	NOUN
fbem-28642	9	38	,	,	PUNCT
fbem-28642	9	39	financial	financial	ADJ
fbem-28642	9	40	integration	integration	NOUN
fbem-28642	9	41	and	and	CCONJ
fbem-28642	9	42	people	people	NOUN
fbem-28642	9	43	-	-	PUNCT
fbem-28642	9	44	to	to	ADP
fbem-28642	9	45	-	-	PUNCT
fbem-28642	9	46	people	people	NOUN
fbem-28642	9	47	ties	tie	NOUN
fbem-28642	9	48	.	.	PUNCT
fbem-28642	10	1	china	china	PROPN
fbem-28642	10	2	and	and	CCONJ
fbem-28642	10	3	the	the	DET
fbem-28642	10	4	eu	eu	PROPN
fbem-28642	10	5	have	have	AUX
fbem-28642	10	6	deepened	deepen	VERB
fbem-28642	10	7	cooperation	cooperation	NOUN
fbem-28642	10	8	in	in	ADP
fbem-28642	10	9	investment	investment	NOUN
fbem-28642	10	10	,	,	PUNCT
fbem-28642	10	11	trade	trade	NOUN
fbem-28642	10	12	and	and	CCONJ
fbem-28642	10	13	infrastructure	infrastructure	NOUN
fbem-28642	10	14	development	development	NOUN
fbem-28642	10	15	.	.	PUNCT
fbem-28642	11	1	landmark	landmark	NOUN
fbem-28642	11	2	projects	project	NOUN
fbem-28642	11	3	such	such	ADJ
fbem-28642	11	4	as	as	ADP
fbem-28642	11	5	the	the	DET
fbem-28642	11	6	budapest	budapest	PROPN
fbem-28642	11	7	-	-	PUNCT
fbem-28642	11	8	serbia	serbia	NOUN
fbem-28642	11	9	railway	railway	NOUN
fbem-28642	11	10	and	and	CCONJ
fbem-28642	11	11	the	the	DET
fbem-28642	11	12	piraeus	piraeus	NOUN
fbem-28642	11	13	port	port	NOUN
fbem-28642	11	14	have	have	AUX
fbem-28642	11	15	been	be	AUX
fbem-28642	11	16	successfully	successfully	ADV
fbem-28642	11	17	launched	launch	VERB
fbem-28642	11	18	in	in	ADP
fbem-28642	11	19	europe	europe	PROPN
fbem-28642	11	20	.	.	PUNCT
fbem-28642	12	1	however	however	ADV
fbem-28642	12	2	,	,	PUNCT
fbem-28642	12	3	the	the	DET
fbem-28642	12	4	eu	eu	PROPN
fbem-28642	12	5	and	and	CCONJ
fbem-28642	12	6	some	some	DET
fbem-28642	12	7	european	european	ADJ
fbem-28642	12	8	countries	country	NOUN
fbem-28642	12	9	have	have	AUX
fbem-28642	12	10	always	always	ADV
fbem-28642	12	11	been	be	AUX
fbem-28642	12	12	wary	wary	ADJ
fbem-28642	12	13	of	of	ADP
fbem-28642	12	14	the	the	DET
fbem-28642	12	15	belt	belt	NOUN
fbem-28642	12	16	and	and	CCONJ
fbem-28642	12	17	road	road	NOUN
fbem-28642	12	18	initiative	initiative	NOUN
fbem-28642	12	19	and	and	CCONJ
fbem-28642	12	20	are	be	AUX
fbem-28642	12	21	increasingly	increasingly	ADV
fbem-28642	12	22	inclined	inclined	ADJ
fbem-28642	12	23	to	to	PART
fbem-28642	12	24	limit	limit	VERB
fbem-28642	12	25	and	and	CCONJ
fbem-28642	12	26	hedge	hedge	VERB
fbem-28642	12	27	the	the	DET
fbem-28642	12	28	impact	impact	NOUN
fbem-28642	12	29	of	of	ADP
fbem-28642	12	30	the	the	DET
fbem-28642	12	31	belt	belt	NOUN
fbem-28642	12	32	and	and	CCONJ
fbem-28642	12	33	road	road	NOUN
fbem-28642	12	34	initiative	initiative	NOUN
fbem-28642	12	35	through	through	ADP
fbem-28642	12	36	barriers	barrier	NOUN
fbem-28642	12	37	and	and	CCONJ
fbem-28642	12	38	global	global	ADJ
fbem-28642	12	39	investment	investment	NOUN
fbem-28642	12	40	strategies	strategy	NOUN
fbem-28642	12	41	.	.	PUNCT
fbem-28642	13	1	in	in	ADP
fbem-28642	13	2	theory	theory	NOUN
fbem-28642	13	3	,	,	PUNCT
fbem-28642	13	4	exchange	exchange	NOUN
fbem-28642	13	5	rate	rate	NOUN
fbem-28642	13	6	risk	risk	NOUN
fbem-28642	13	7	will	will	AUX
fbem-28642	13	8	be	be	AUX
fbem-28642	13	9	transmitted	transmit	VERB
fbem-28642	13	10	to	to	ADP
fbem-28642	13	11	economies	economy	NOUN
fbem-28642	13	12	with	with	ADP
fbem-28642	13	13	close	close	ADJ
fbem-28642	13	14	economic	economic	ADJ
fbem-28642	13	15	and	and	CCONJ
fbem-28642	13	16	trade	trade	NOUN
fbem-28642	13	17	contacts	contact	NOUN
fbem-28642	13	18	through	through	ADP
fbem-28642	13	19	direct	direct	ADJ
fbem-28642	13	20	or	or	CCONJ
fbem-28642	13	21	indirect	indirect	ADJ
fbem-28642	13	22	channels	channel	NOUN
fbem-28642	13	23	such	such	ADJ
fbem-28642	13	24	as	as	ADP
fbem-28642	13	25	trade	trade	NOUN
fbem-28642	13	26	,	,	PUNCT
fbem-28642	13	27	finance	finance	NOUN
fbem-28642	13	28	and	and	CCONJ
fbem-28642	13	29	investor	investor	NOUN
fbem-28642	13	30	sentiment	sentiment	NOUN
fbem-28642	13	31	.	.	PUNCT
fbem-28642	14	1	the	the	PRON
fbem-28642	14	2	closer	close	ADJ
fbem-28642	14	3	the	the	DET
fbem-28642	14	4	economic	economic	ADJ
fbem-28642	14	5	connection	connection	NOUN
fbem-28642	14	6	,	,	PUNCT
fbem-28642	14	7	the	the	PRON
fbem-28642	14	8	greater	great	ADJ
fbem-28642	14	9	the	the	DET
fbem-28642	14	10	possibility	possibility	NOUN
fbem-28642	14	11	of	of	ADP
fbem-28642	14	12	euro	euro	NOUN
fbem-28642	14	13	exchange	exchange	NOUN
fbem-28642	14	14	rate	rate	NOUN
fbem-28642	14	15	risks	risk	NOUN
fbem-28642	14	16	spillover	spillover	VERB
fbem-28642	14	17	.	.	PUNCT
fbem-28642	15	1	therefore	therefore	ADV
fbem-28642	15	2	,	,	PUNCT
fbem-28642	15	3	exploring	explore	VERB
fbem-28642	15	4	the	the	DET
fbem-28642	15	5	impact	impact	NOUN
fbem-28642	15	6	of	of	ADP
fbem-28642	15	7	the	the	DET
fbem-28642	15	8	belt	belt	NOUN
fbem-28642	15	9	and	and	CCONJ
fbem-28642	15	10	road	road	NOUN
fbem-28642	15	11	on	on	ADP
fbem-28642	15	12	the	the	DET
fbem-28642	15	13	euro	euro	PROPN
fbem-28642	15	14	exchange	exchange	NOUN
fbem-28642	15	15	rate	rate	NOUN
fbem-28642	15	16	has	have	VERB
fbem-28642	15	17	important	important	ADJ
fbem-28642	15	18	reference	reference	NOUN
fbem-28642	15	19	value	value	NOUN
fbem-28642	15	20	for	for	ADP
fbem-28642	15	21	resisting	resist	VERB
fbem-28642	15	22	exchange	exchange	NOUN
fbem-28642	15	23	rate	rate	NOUN
fbem-28642	15	24	risks	risk	NOUN
fbem-28642	15	25	,	,	PUNCT
fbem-28642	15	26	deepening	deepen	VERB
fbem-28642	15	27	china	china	PROPN
fbem-28642	15	28	-	-	PUNCT
fbem-28642	15	29	eu	eu	PROPN
fbem-28642	15	30	cooperation	cooperation	NOUN
fbem-28642	15	31	and	and	CCONJ
fbem-28642	15	32	promoting	promote	VERB
fbem-28642	15	33	the	the	DET
fbem-28642	15	34	construction	construction	NOUN
fbem-28642	15	35	of	of	ADP
fbem-28642	15	36	the	the	DET
fbem-28642	15	37	belt	belt	NOUN
fbem-28642	15	38	and	and	CCONJ
fbem-28642	15	39	road	road	NOUN
fbem-28642	15	40	.	.	PUNCT
fbem-28642	16	1	in	in	ADP
fbem-28642	16	2	existing	exist	VERB
fbem-28642	16	3	studies	study	NOUN
fbem-28642	16	4	,	,	PUNCT
fbem-28642	16	5	most	most	ADJ
fbem-28642	16	6	academic	academic	ADJ
fbem-28642	16	7	circles	circle	NOUN
fbem-28642	16	8	focus	focus	VERB
fbem-28642	16	9	on	on	ADP
fbem-28642	16	10	exchange	exchange	NOUN
fbem-28642	16	11	rate	rate	NOUN
fbem-28642	16	12	fluctuations	fluctuation	NOUN
fbem-28642	16	13	of	of	ADP
fbem-28642	16	14	us	us	PROPN
fbem-28642	16	15	dollar	dollar	NOUN
fbem-28642	16	16	,	,	PUNCT
fbem-28642	16	17	japanese	japanese	ADJ
fbem-28642	16	18	yen	yen	NOUN
fbem-28642	16	19	,	,	PUNCT
fbem-28642	16	20	korean	korean	PROPN
fbem-28642	16	21	won	win	VERB
fbem-28642	16	22	,	,	PUNCT
fbem-28642	16	23	etc	etc	X
fbem-28642	16	24	.	.	X
fbem-28642	16	25	wang	wang	PROPN
fbem-28642	16	26	junting	junting	PROPN
fbem-28642	16	27	analyzed	analyze	VERB
fbem-28642	16	28	the	the	DET
fbem-28642	16	29	long	long	ADJ
fbem-28642	16	30	-	-	PUNCT
fbem-28642	16	31	term	term	NOUN
fbem-28642	16	32	equilibrium	equilibrium	NOUN
fbem-28642	16	33	relationship	relationship	NOUN
fbem-28642	16	34	between	between	ADP
fbem-28642	16	35	us	us	PROPN
fbem-28642	16	36	dollar	dollar	NOUN
fbem-28642	16	37	exchange	exchange	NOUN
fbem-28642	16	38	rate	rate	NOUN
fbem-28642	16	39	and	and	CCONJ
fbem-28642	16	40	gold	gold	NOUN
fbem-28642	16	41	price	price	NOUN
fbem-28642	16	42	through	through	ADP
fbem-28642	16	43	the	the	DET
fbem-28642	16	44	co	co	NOUN
fbem-28642	16	45	-	-	NOUN
fbem-28642	16	46	integration	integration	NOUN
fbem-28642	16	47	test	test	NOUN
fbem-28642	16	48	.	.	PUNCT
fbem-28642	17	1	the	the	DET
fbem-28642	17	2	research	research	NOUN
fbem-28642	17	3	results	result	NOUN
fbem-28642	17	4	indicate	indicate	VERB
fbem-28642	17	5	that	that	SCONJ
fbem-28642	17	6	there	there	PRON
fbem-28642	17	7	is	be	VERB
fbem-28642	17	8	a	a	DET
fbem-28642	17	9	negative	negative	ADJ
fbem-28642	17	10	correlation	correlation	NOUN
fbem-28642	17	11	between	between	ADP
fbem-28642	17	12	the	the	DET
fbem-28642	17	13	gold	gold	NOUN
fbem-28642	17	14	exchange	exchange	NOUN
fbem-28642	17	15	rate	rate	NOUN
fbem-28642	17	16	and	and	CCONJ
fbem-28642	17	17	the	the	DET
fbem-28642	17	18	us	us	PROPN
fbem-28642	17	19	dollar	dollar	NOUN
fbem-28642	17	20	price	price	NOUN
fbem-28642	17	21	in	in	ADP
fbem-28642	17	22	the	the	DET
fbem-28642	17	23	long	long	ADJ
fbem-28642	17	24	-	-	PUNCT
fbem-28642	17	25	term	term	NOUN
fbem-28642	17	26	equilibrium	equilibrium	NOUN
fbem-28642	17	27	relationship	relationship	NOUN
fbem-28642	17	28	,	,	PUNCT
fbem-28642	17	29	meanwhile	meanwhile	ADV
fbem-28642	17	30	,	,	PUNCT
fbem-28642	17	31	the	the	DET
fbem-28642	17	32	reasons	reason	NOUN
fbem-28642	17	33	for	for	ADP
fbem-28642	17	34	the	the	DET
fbem-28642	17	35	low	low	ADJ
fbem-28642	17	36	proportion	proportion	NOUN
fbem-28642	17	37	of	of	ADP
fbem-28642	17	38	the	the	DET
fbem-28642	17	39	yen	yen	NOUN
fbem-28642	17	40	in	in	ADP
fbem-28642	17	41	trade	trade	NOUN
fbem-28642	17	42	were	be	AUX
fbem-28642	17	43	studied	study	VERB
fbem-28642	17	44	and	and	CCONJ
fbem-28642	17	45	discussed	discuss	VERB
fbem-28642	17	46	[	[	X
fbem-28642	17	47	1	1	NUM
fbem-28642	17	48	,	,	PUNCT
fbem-28642	17	49	2	2	NUM
fbem-28642	17	50	]	]	PUNCT
fbem-28642	17	51	.	.	PUNCT
fbem-28642	18	1	arguing	argue	VERB
fbem-28642	18	2	that	that	SCONJ
fbem-28642	18	3	japan	japan	PROPN
fbem-28642	18	4	is	be	AUX
fbem-28642	18	5	highly	highly	ADV
fbem-28642	18	6	dependent	dependent	ADJ
fbem-28642	18	7	on	on	ADP
fbem-28642	18	8	foreign	foreign	ADJ
fbem-28642	18	9	trade	trade	NOUN
fbem-28642	18	10	,	,	PUNCT
fbem-28642	18	11	especially	especially	ADV
fbem-28642	18	12	the	the	DET
fbem-28642	18	13	united	united	PROPN
fbem-28642	18	14	states	states	PROPN
fbem-28642	18	15	,	,	PUNCT
fbem-28642	18	16	and	and	CCONJ
fbem-28642	18	17	the	the	DET
fbem-28642	18	18	south	south	ADJ
fbem-28642	18	19	korean	korean	ADJ
fbem-28642	18	20	government	government	NOUN
fbem-28642	18	21	actively	actively	ADV
fbem-28642	18	22	intervenes	intervene	VERB
fbem-28642	18	23	in	in	ADP
fbem-28642	18	24	the	the	DET
fbem-28642	18	25	depreciation	depreciation	NOUN
fbem-28642	18	26	of	of	ADP
fbem-28642	18	27	the	the	DET
fbem-28642	18	28	won	won	NOUN
fbem-28642	18	29	[	[	X
fbem-28642	18	30	3	3	NUM
fbem-28642	18	31	]	]	PUNCT
fbem-28642	18	32	.	.	PUNCT
fbem-28642	19	1	only	only	ADV
fbem-28642	19	2	a	a	DET
fbem-28642	19	3	few	few	ADJ
fbem-28642	19	4	studies	study	NOUN
fbem-28642	19	5	take	take	VERB
fbem-28642	19	6	euro	euro	NOUN
fbem-28642	19	7	as	as	ADP
fbem-28642	19	8	the	the	DET
fbem-28642	19	9	research	research	NOUN
fbem-28642	19	10	object	object	NOUN
fbem-28642	19	11	.	.	PUNCT
fbem-28642	20	1	this	this	DET
fbem-28642	20	2	study	study	NOUN
fbem-28642	20	3	focuses	focus	VERB
fbem-28642	20	4	on	on	ADP
fbem-28642	20	5	euro	euro	NOUN
fbem-28642	20	6	from	from	ADP
fbem-28642	20	7	a	a	DET
fbem-28642	20	8	research	research	NOUN
fbem-28642	20	9	perspective	perspective	NOUN
fbem-28642	20	10	,	,	PUNCT
fbem-28642	20	11	combs	comb	VERB
fbem-28642	20	12	relevant	relevant	ADJ
fbem-28642	20	13	literature	literature	NOUN
fbem-28642	20	14	of	of	ADP
fbem-28642	20	15	the	the	DET
fbem-28642	20	16	belt	belt	NOUN
fbem-28642	20	17	and	and	CCONJ
fbem-28642	20	18	road	road	NOUN
fbem-28642	20	19	initiative	initiative	NOUN
fbem-28642	20	20	through	through	ADP
fbem-28642	20	21	literature	literature	NOUN
fbem-28642	20	22	analysis	analysis	NOUN
fbem-28642	20	23	,	,	PUNCT
fbem-28642	20	24	summarizes	summarize	VERB
fbem-28642	20	25	the	the	DET
fbem-28642	20	26	influencing	influence	VERB
fbem-28642	20	27	factors	factor	NOUN
fbem-28642	20	28	of	of	ADP
fbem-28642	20	29	exchange	exchange	NOUN
fbem-28642	20	30	rate	rate	NOUN
fbem-28642	20	31	fluctuations	fluctuation	NOUN
fbem-28642	20	32	,	,	PUNCT
fbem-28642	20	33	makes	make	VERB
fbem-28642	20	34	theoretical	theoretical	ADJ
fbem-28642	20	35	analysis	analysis	NOUN
fbem-28642	20	36	of	of	ADP
fbem-28642	20	37	the	the	DET
fbem-28642	20	38	relationship	relationship	NOUN
fbem-28642	20	39	between	between	ADP
fbem-28642	20	40	the	the	DET
fbem-28642	20	41	belt	belt	NOUN
fbem-28642	20	42	and	and	CCONJ
fbem-28642	20	43	road	road	NOUN
fbem-28642	20	44	initiative	initiative	NOUN
fbem-28642	20	45	and	and	CCONJ
fbem-28642	20	46	euro	euro	NOUN
fbem-28642	20	47	exchange	exchange	NOUN
fbem-28642	20	48	rate	rate	NOUN
fbem-28642	20	49	fluctuations	fluctuation	NOUN
fbem-28642	20	50	,	,	PUNCT
fbem-28642	20	51	and	and	CCONJ
fbem-28642	20	52	builds	build	VERB
fbem-28642	20	53	a	a	DET
fbem-28642	20	54	fixed	fix	VERB
fbem-28642	20	55	effect	effect	NOUN
fbem-28642	20	56	model	model	NOUN
fbem-28642	20	57	based	base	VERB
fbem-28642	20	58	on	on	ADP
fbem-28642	20	59	the	the	DET
fbem-28642	20	60	specific	specific	ADJ
fbem-28642	20	61	data	datum	NOUN
fbem-28642	20	62	of	of	ADP
fbem-28642	20	63	countries	country	NOUN
fbem-28642	20	64	along	along	ADP
fbem-28642	20	65	the	the	DET
fbem-28642	20	66	belt	belt	NOUN
fbem-28642	20	67	and	and	CCONJ
fbem-28642	20	68	road	road	NOUN
fbem-28642	20	69	.	.	PUNCT
fbem-28642	21	1	the	the	DET
fbem-28642	21	2	research	research	NOUN
fbem-28642	21	3	method	method	NOUN
fbem-28642	21	4	of	of	ADP
fbem-28642	21	5	the	the	DET
fbem-28642	21	6	impact	impact	NOUN
fbem-28642	21	7	of	of	ADP
fbem-28642	21	8	the	the	DET
fbem-28642	21	9	belt	belt	NOUN
fbem-28642	21	10	and	and	CCONJ
fbem-28642	21	11	road	road	NOUN
fbem-28642	21	12	initiative	initiative	NOUN
fbem-28642	21	13	on	on	ADP
fbem-28642	21	14	the	the	DET
fbem-28642	21	15	euro	euro	PROPN
fbem-28642	21	16	exchange	exchange	NOUN
fbem-28642	21	17	rate	rate	NOUN
fbem-28642	21	18	is	be	AUX
fbem-28642	21	19	empirically	empirically	ADV
fbem-28642	21	20	analyzed	analyze	VERB
fbem-28642	21	21	,	,	PUNCT
fbem-28642	21	22	and	and	CCONJ
fbem-28642	21	23	the	the	DET
fbem-28642	21	24	impact	impact	NOUN
fbem-28642	21	25	of	of	ADP
fbem-28642	21	26	the	the	DET
fbem-28642	21	27	construction	construction	NOUN
fbem-28642	21	28	of	of	ADP
fbem-28642	21	29	the	the	DET
fbem-28642	21	30	belt	belt	NOUN
fbem-28642	21	31	and	and	CCONJ
fbem-28642	21	32	road	road	NOUN
fbem-28642	21	33	on	on	ADP
fbem-28642	21	34	the	the	DET
fbem-28642	21	35	euro	euro	PROPN
fbem-28642	21	36	exchange	exchange	NOUN
fbem-28642	21	37	rate	rate	NOUN
fbem-28642	21	38	is	be	AUX
fbem-28642	21	39	discussed	discuss	VERB
fbem-28642	21	40	,	,	PUNCT
fbem-28642	21	41	which	which	PRON
fbem-28642	21	42	expands	expand	VERB
fbem-28642	21	43	the	the	DET
fbem-28642	21	44	theoretical	theoretical	ADJ
fbem-28642	21	45	framework	framework	NOUN
fbem-28642	21	46	of	of	ADP
fbem-28642	21	47	the	the	DET
fbem-28642	21	48	study	study	NOUN
fbem-28642	21	49	of	of	ADP
fbem-28642	21	50	exchange	exchange	NOUN
fbem-28642	21	51	rate	rate	NOUN
fbem-28642	21	52	fluctuations	fluctuation	NOUN
fbem-28642	21	53	.	.	PUNCT
fbem-28642	22	1	in	in	ADP
fbem-28642	22	2	addition	addition	NOUN
fbem-28642	22	3	,	,	PUNCT
fbem-28642	22	4	from	from	ADP
fbem-28642	22	5	the	the	DET
fbem-28642	22	6	perspective	perspective	NOUN
fbem-28642	22	7	of	of	ADP
fbem-28642	22	8	monetary	monetary	ADJ
fbem-28642	22	9	policy	policy	NOUN
fbem-28642	22	10	,	,	PUNCT
fbem-28642	22	11	we	we	PRON
fbem-28642	22	12	also	also	ADV
fbem-28642	22	13	provide	provide	VERB
fbem-28642	22	14	certain	certain	ADJ
fbem-28642	22	15	references	reference	NOUN
fbem-28642	22	16	for	for	ADP
fbem-28642	22	17	the	the	DET
fbem-28642	22	18	all	all	ADV
fbem-28642	22	19	-	-	PUNCT
fbem-28642	22	20	round	round	ADJ
fbem-28642	22	21	and	and	CCONJ
fbem-28642	22	22	multi	multi	ADJ
fbem-28642	22	23	-	-	ADJ
fbem-28642	22	24	angle	angle	ADJ
fbem-28642	22	25	improvement	improvement	NOUN
fbem-28642	22	26	of	of	ADP
fbem-28642	22	27	the	the	DET
fbem-28642	22	28	"	"	PUNCT
fbem-28642	22	29	belt	belt	NOUN
fbem-28642	22	30	and	and	CCONJ
fbem-28642	22	31	road	road	NOUN
fbem-28642	22	32	"	"	PUNCT
fbem-28642	22	33	initiative	initiative	NOUN
fbem-28642	22	34	.	.	PUNCT
fbem-28642	23	1	studied	study	VERB
fbem-28642	23	2	the	the	DET
fbem-28642	23	3	famous	famous	ADJ
fbem-28642	23	4	fisher	fisher	PROPN
fbem-28642	23	5	effect	effect	NOUN
fbem-28642	23	6	,	,	PUNCT
fbem-28642	23	7	which	which	PRON
fbem-28642	23	8	links	link	VERB
fbem-28642	23	9	interest	interest	NOUN
fbem-28642	23	10	rate	rate	NOUN
fbem-28642	23	11	fluctuations	fluctuation	NOUN
fbem-28642	23	12	to	to	ADP
fbem-28642	23	13	the	the	DET
fbem-28642	23	14	rate	rate	NOUN
fbem-28642	23	15	of	of	ADP
fbem-28642	23	16	inflation	inflation	NOUN
fbem-28642	23	17	.	.	PUNCT
fbem-28642	24	1	the	the	DET
fbem-28642	24	2	market	market	NOUN
fbem-28642	24	3	supply	supply	NOUN
fbem-28642	24	4	and	and	CCONJ
fbem-28642	24	5	demand	demand	NOUN
fbem-28642	24	6	relationship	relationship	NOUN
fbem-28642	24	7	are	be	AUX
fbem-28642	24	8	studied	study	VERB
fbem-28642	24	9	.	.	PUNCT
fbem-28642	25	1	in	in	ADP
fbem-28642	25	2	addition	addition	NOUN
fbem-28642	25	3	,	,	PUNCT
fbem-28642	25	4	factors	factor	NOUN
fbem-28642	25	5	such	such	ADJ
fbem-28642	25	6	as	as	ADP
fbem-28642	25	7	political	political	ADJ
fbem-28642	25	8	stability	stability	NOUN
fbem-28642	25	9	,	,	PUNCT
fbem-28642	25	10	economic	economic	ADJ
fbem-28642	25	11	policies	policy	NOUN
fbem-28642	25	12	,	,	PUNCT
fbem-28642	25	13	trade	trade	NOUN
fbem-28642	25	14	conditions	condition	NOUN
fbem-28642	25	15	,	,	PUNCT
fbem-28642	25	16	investor	investor	NOUN
fbem-28642	25	17	sentiment	sentiment	NOUN
fbem-28642	25	18	and	and	CCONJ
fbem-28642	25	19	expectations	expectation	NOUN
fbem-28642	25	20	,	,	PUNCT
fbem-28642	25	21	and	and	CCONJ
fbem-28642	25	22	the	the	DET
fbem-28642	25	23	global	global	ADJ
fbem-28642	25	24	economic	economic	ADJ
fbem-28642	25	25	environment	environment	NOUN
fbem-28642	25	26	can	can	AUX
fbem-28642	25	27	potentially	potentially	ADV
fbem-28642	25	28	affect	affect	VERB
fbem-28642	25	29	exchange	exchange	NOUN
fbem-28642	25	30	rate	rate	NOUN
fbem-28642	25	31	fluctuations	fluctuation	NOUN
fbem-28642	25	32	.	.	PUNCT
fbem-28642	26	1	we	we	PRON
fbem-28642	26	2	can	can	AUX
fbem-28642	26	3	also	also	ADV
fbem-28642	26	4	find	find	VERB
fbem-28642	26	5	that	that	SCONJ
fbem-28642	26	6	most	most	ADJ
fbem-28642	26	7	of	of	ADP
fbem-28642	26	8	the	the	DET
fbem-28642	26	9	existing	exist	VERB
fbem-28642	26	10	studies	study	NOUN
fbem-28642	26	11	are	be	AUX
fbem-28642	26	12	based	base	VERB
fbem-28642	26	13	on	on	ADP
fbem-28642	26	14	the	the	DET
fbem-28642	26	15	macro	macro	ADJ
fbem-28642	26	16	external	external	ADJ
fbem-28642	26	17	environment	environment	NOUN
fbem-28642	26	18	when	when	SCONJ
fbem-28642	26	19	exploring	explore	VERB
fbem-28642	26	20	the	the	DET
fbem-28642	26	21	influencing	influence	VERB
fbem-28642	26	22	factors	factor	NOUN
fbem-28642	26	23	of	of	ADP
fbem-28642	26	24	exchange	exchange	NOUN
fbem-28642	26	25	rate	rate	NOUN
fbem-28642	26	26	fluctuations	fluctuation	NOUN
fbem-28642	26	27	,	,	PUNCT
fbem-28642	26	28	and	and	CCONJ
fbem-28642	26	29	there	there	PRON
fbem-28642	26	30	are	be	VERB
fbem-28642	26	31	few	few	ADJ
fbem-28642	26	32	studies	study	NOUN
fbem-28642	26	33	on	on	ADP
fbem-28642	26	34	euro	euro	NOUN
fbem-28642	26	35	exchange	exchange	NOUN
fbem-28642	26	36	rate	rate	NOUN
fbem-28642	26	37	fluctuations	fluctuation	NOUN
fbem-28642	26	38	.	.	PUNCT
fbem-28642	27	1	financing	financing	NOUN
fbem-28642	27	2	is	be	AUX
fbem-28642	27	3	a	a	DET
fbem-28642	27	4	key	key	ADJ
fbem-28642	27	5	part	part	NOUN
fbem-28642	27	6	of	of	ADP
fbem-28642	27	7	the	the	DET
fbem-28642	27	8	belt	belt	NOUN
fbem-28642	27	9	and	and	CCONJ
fbem-28642	27	10	road	road	NOUN
fbem-28642	27	11	initiative	initiative	NOUN
fbem-28642	27	12	.	.	PUNCT
fbem-28642	28	1	financial	financial	ADJ
fbem-28642	28	2	integration	integration	NOUN
fbem-28642	28	3	has	have	AUX
fbem-28642	28	4	always	always	ADV
fbem-28642	28	5	adhered	adhere	VERB
fbem-28642	28	6	to	to	ADP
fbem-28642	28	7	the	the	DET
fbem-28642	28	8	principle	principle	NOUN
fbem-28642	28	9	of	of	ADP
fbem-28642	28	10	"	"	PUNCT
fbem-28642	28	11	equal	equal	ADJ
fbem-28642	28	12	participation	participation	NOUN
fbem-28642	28	13	,	,	PUNCT
fbem-28642	28	14	benefit	benefit	NOUN
fbem-28642	28	15	sharing	sharing	NOUN
fbem-28642	28	16	and	and	CCONJ
fbem-28642	28	17	risk	risk	NOUN
fbem-28642	28	18	sharing	sharing	NOUN
fbem-28642	28	19	"	"	PUNCT
fbem-28642	28	20	,	,	PUNCT
fbem-28642	28	21	and	and	CCONJ
fbem-28642	28	22	based	base	VERB
fbem-28642	28	23	on	on	ADP
fbem-28642	28	24	the	the	DET
fbem-28642	28	25	operation	operation	NOUN
fbem-28642	28	26	of	of	ADP
fbem-28642	28	27	"	"	PUNCT
fbem-28642	28	28	enterprises	enterprise	NOUN
fbem-28642	28	29	as	as	ADP
fbem-28642	28	30	the	the	DET
fbem-28642	28	31	main	main	ADJ
fbem-28642	28	32	body	body	NOUN
fbem-28642	28	33	,	,	PUNCT
fbem-28642	28	34	marketoriented	marketoriente	VERB
fbem-28642	28	35	operation	operation	NOUN
fbem-28642	28	36	and	and	CCONJ
fbem-28642	28	37	mutual	mutual	ADJ
fbem-28642	28	38	benefit	benefit	NOUN
fbem-28642	28	39	and	and	CCONJ
fbem-28642	28	40	win	win	NOUN
fbem-28642	28	41	-	-	PUNCT
fbem-28642	28	42	win	win	NOUN
fbem-28642	28	43	"	"	PUNCT
fbem-28642	28	44	,	,	PUNCT
fbem-28642	28	45	promoting	promote	VERB
fbem-28642	28	46	the	the	DET
fbem-28642	28	47	establishment	establishment	NOUN
fbem-28642	28	48	of	of	ADP
fbem-28642	28	49	a	a	DET
fbem-28642	28	50	long	long	ADJ
fbem-28642	28	51	-	-	PUNCT
fbem-28642	28	52	term	term	NOUN
fbem-28642	28	53	,	,	PUNCT
fbem-28642	28	54	stable	stable	ADJ
fbem-28642	28	55	,	,	PUNCT
fbem-28642	28	56	sustainable	sustainable	ADJ
fbem-28642	28	57	and	and	CCONJ
fbem-28642	28	58	risk	risk	NOUN
fbem-28642	28	59	-	-	PUNCT
fbem-28642	28	60	controllable	controllable	ADJ
fbem-28642	28	61	financing	financing	NOUN
fbem-28642	28	62	system	system	NOUN
fbem-28642	28	63	among	among	ADP
fbem-28642	28	64	countries	country	NOUN
fbem-28642	28	65	jointly	jointly	ADV
fbem-28642	28	66	building	build	VERB
fbem-28642	28	67	the	the	DET
fbem-28642	28	68	belt	belt	NOUN
fbem-28642	28	69	and	and	CCONJ
fbem-28642	28	70	road	road	NOUN
fbem-28642	28	71	to	to	PART
fbem-28642	28	72	help	help	VERB
fbem-28642	28	73	their	their	PRON
fbem-28642	28	74	economic	economic	ADJ
fbem-28642	28	75	and	and	CCONJ
fbem-28642	28	76	social	social	ADJ
fbem-28642	28	77	development	development	NOUN
fbem-28642	28	78	.	.	PUNCT
fbem-28642	29	1	most	most	ADJ
fbem-28642	29	2	of	of	ADP
fbem-28642	29	3	the	the	DET
fbem-28642	29	4	existing	exist	VERB
fbem-28642	29	5	studies	study	NOUN
fbem-28642	29	6	focus	focus	VERB
fbem-28642	29	7	on	on	ADP
fbem-28642	29	8	the	the	DET
fbem-28642	29	9	impact	impact	NOUN
fbem-28642	29	10	of	of	ADP
fbem-28642	29	11	the	the	DET
fbem-28642	29	12	belt	belt	NOUN
fbem-28642	29	13	and	and	CCONJ
fbem-28642	29	14	road	road	NOUN
fbem-28642	29	15	initiative	initiative	NOUN
fbem-28642	29	16	on	on	ADP
fbem-28642	29	17	foreign	foreign	ADJ
fbem-28642	29	18	trade	trade	NOUN
fbem-28642	29	19	,	,	PUNCT
fbem-28642	29	20	import	import	NOUN
fbem-28642	29	21	and	and	CCONJ
fbem-28642	29	22	export	export	NOUN
fbem-28642	29	23	,	,	PUNCT
fbem-28642	29	24	cultural	cultural	ADJ
fbem-28642	29	25	exchanges	exchange	NOUN
fbem-28642	29	26	,	,	PUNCT
fbem-28642	29	27	and	and	CCONJ
fbem-28642	29	28	394	394	NUM
fbem-28642	29	29	international	international	ADJ
fbem-28642	29	30	consensus	consensus	NOUN
fbem-28642	29	31	.	.	PUNCT
fbem-28642	30	1	the	the	DET
fbem-28642	30	2	belt	belt	NOUN
fbem-28642	30	3	and	and	CCONJ
fbem-28642	30	4	road	road	NOUN
fbem-28642	30	5	initiative	initiative	NOUN
fbem-28642	30	6	has	have	AUX
fbem-28642	30	7	become	become	VERB
fbem-28642	30	8	the	the	DET
fbem-28642	30	9	most	most	ADV
fbem-28642	30	10	iconic	iconic	ADJ
fbem-28642	30	11	concept	concept	NOUN
fbem-28642	30	12	and	and	CCONJ
fbem-28642	30	13	brand	brand	NOUN
fbem-28642	30	14	of	of	ADP
fbem-28642	30	15	china	china	PROPN
fbem-28642	30	16	recognized	recognize	VERB
fbem-28642	30	17	globally	globally	ADV
fbem-28642	30	18	,	,	PUNCT
fbem-28642	30	19	greatly	greatly	ADV
fbem-28642	30	20	enhancing	enhance	VERB
fbem-28642	30	21	china	china	PROPN
fbem-28642	30	22	's	's	PART
fbem-28642	30	23	competitiveness	competitiveness	NOUN
fbem-28642	30	24	and	and	CCONJ
fbem-28642	30	25	influence	influence	NOUN
fbem-28642	30	26	in	in	ADP
fbem-28642	30	27	the	the	DET
fbem-28642	30	28	international	international	ADJ
fbem-28642	30	29	trade	trade	NOUN
fbem-28642	30	30	market	market	NOUN
fbem-28642	30	31	,	,	PUNCT
fbem-28642	30	32	deepening	deepen	VERB
fbem-28642	30	33	and	and	CCONJ
fbem-28642	30	34	expanding	expand	VERB
fbem-28642	30	35	china	china	PROPN
fbem-28642	30	36	's	's	PART
fbem-28642	30	37	cognition	cognition	NOUN
fbem-28642	30	38	of	of	ADP
fbem-28642	30	39	the	the	DET
fbem-28642	30	40	world	world	NOUN
fbem-28642	30	41	,	,	PUNCT
fbem-28642	30	42	and	and	CCONJ
fbem-28642	30	43	enhancing	enhance	VERB
fbem-28642	30	44	the	the	DET
fbem-28642	30	45	belief	belief	NOUN
fbem-28642	30	46	in	in	ADP
fbem-28642	30	47	a	a	DET
fbem-28642	30	48	community	community	NOUN
fbem-28642	30	49	of	of	ADP
fbem-28642	30	50	common	common	ADJ
fbem-28642	30	51	destiny	destiny	NOUN
fbem-28642	30	52	"	"	PUNCT
fbem-28642	30	53	.	.	PUNCT
fbem-28642	31	1	however	however	ADV
fbem-28642	31	2	,	,	PUNCT
fbem-28642	31	3	few	few	ADJ
fbem-28642	31	4	studies	study	NOUN
fbem-28642	31	5	have	have	AUX
fbem-28642	31	6	linked	link	VERB
fbem-28642	31	7	the	the	DET
fbem-28642	31	8	bri	bri	NOUN
fbem-28642	31	9	to	to	ADP
fbem-28642	31	10	the	the	DET
fbem-28642	31	11	impact	impact	NOUN
fbem-28642	31	12	of	of	ADP
fbem-28642	31	13	exchange	exchange	NOUN
fbem-28642	31	14	rates	rate	NOUN
fbem-28642	31	15	.	.	PUNCT
fbem-28642	32	1	based	base	VERB
fbem-28642	32	2	on	on	ADP
fbem-28642	32	3	sorting	sort	VERB
fbem-28642	32	4	out	out	ADP
fbem-28642	32	5	relevant	relevant	ADJ
fbem-28642	32	6	theories	theory	NOUN
fbem-28642	32	7	,	,	PUNCT
fbem-28642	32	8	by	by	ADP
fbem-28642	32	9	taking	take	VERB
fbem-28642	32	10	stock	stock	NOUN
fbem-28642	32	11	of	of	ADP
fbem-28642	32	12	relevant	relevant	ADJ
fbem-28642	32	13	data	datum	NOUN
fbem-28642	32	14	from	from	ADP
fbem-28642	32	15	china	china	PROPN
fbem-28642	32	16	and	and	CCONJ
fbem-28642	32	17	europe	europe	PROPN
fbem-28642	32	18	and	and	CCONJ
fbem-28642	32	19	conducting	conduct	VERB
fbem-28642	32	20	empirical	empirical	ADJ
fbem-28642	32	21	analysis	analysis	NOUN
fbem-28642	32	22	,	,	PUNCT
fbem-28642	32	23	we	we	PRON
fbem-28642	32	24	can	can	AUX
fbem-28642	32	25	expand	expand	VERB
fbem-28642	32	26	the	the	DET
fbem-28642	32	27	research	research	NOUN
fbem-28642	32	28	on	on	ADP
fbem-28642	32	29	the	the	DET
fbem-28642	32	30	policy	policy	NOUN
fbem-28642	32	31	effect	effect	NOUN
fbem-28642	32	32	of	of	ADP
fbem-28642	32	33	the	the	DET
fbem-28642	32	34	implementation	implementation	NOUN
fbem-28642	32	35	of	of	ADP
fbem-28642	32	36	the	the	DET
fbem-28642	32	37	belt	belt	NOUN
fbem-28642	32	38	and	and	CCONJ
fbem-28642	32	39	road	road	NOUN
fbem-28642	32	40	initiative	initiative	NOUN
fbem-28642	32	41	,	,	PUNCT
fbem-28642	32	42	supplement	supplement	VERB
fbem-28642	32	43	the	the	DET
fbem-28642	32	44	impact	impact	NOUN
fbem-28642	32	45	of	of	ADP
fbem-28642	32	46	exchange	exchange	NOUN
fbem-28642	32	47	rate	rate	NOUN
fbem-28642	32	48	fluctuations	fluctuation	NOUN
fbem-28642	32	49	,	,	PUNCT
fbem-28642	32	50	actively	actively	ADV
fbem-28642	32	51	carry	carry	VERB
fbem-28642	32	52	out	out	ADP
fbem-28642	32	53	various	various	ADJ
fbem-28642	32	54	forms	form	NOUN
fbem-28642	32	55	of	of	ADP
fbem-28642	32	56	financial	financial	ADJ
fbem-28642	32	57	cooperation	cooperation	NOUN
fbem-28642	32	58	for	for	ADP
fbem-28642	32	59	china	china	PROPN
fbem-28642	32	60	and	and	CCONJ
fbem-28642	32	61	europe	europe	PROPN
fbem-28642	32	62	,	,	PUNCT
fbem-28642	32	63	innovate	innovate	VERB
fbem-28642	32	64	investment	investment	NOUN
fbem-28642	32	65	and	and	CCONJ
fbem-28642	32	66	financing	financing	NOUN
fbem-28642	32	67	models	model	NOUN
fbem-28642	32	68	,	,	PUNCT
fbem-28642	32	69	enrich	enrich	VERB
fbem-28642	32	70	investment	investment	NOUN
fbem-28642	32	71	and	and	CCONJ
fbem-28642	32	72	financing	financing	NOUN
fbem-28642	32	73	subjects	subject	NOUN
fbem-28642	32	74	,	,	PUNCT
fbem-28642	32	75	and	and	CCONJ
fbem-28642	32	76	improve	improve	VERB
fbem-28642	32	77	investment	investment	NOUN
fbem-28642	32	78	and	and	CCONJ
fbem-28642	32	79	financing	financing	NOUN
fbem-28642	32	80	mechanisms	mechanism	NOUN
fbem-28642	32	81	.	.	PUNCT
fbem-28642	33	1	we	we	PRON
fbem-28642	33	2	will	will	AUX
fbem-28642	33	3	work	work	VERB
fbem-28642	33	4	hard	hard	ADV
fbem-28642	33	5	to	to	PART
fbem-28642	33	6	build	build	VERB
fbem-28642	33	7	a	a	DET
fbem-28642	33	8	long	long	ADJ
fbem-28642	33	9	-	-	PUNCT
fbem-28642	33	10	term	term	NOUN
fbem-28642	33	11	,	,	PUNCT
fbem-28642	33	12	stable	stable	ADJ
fbem-28642	33	13	,	,	PUNCT
fbem-28642	33	14	sustainable	sustainable	ADJ
fbem-28642	33	15	and	and	CCONJ
fbem-28642	33	16	risk	risk	NOUN
fbem-28642	33	17	-	-	PUNCT
fbem-28642	33	18	controllable	controllable	ADJ
fbem-28642	33	19	investment	investment	NOUN
fbem-28642	33	20	and	and	CCONJ
fbem-28642	33	21	financing	financing	NOUN
fbem-28642	33	22	system	system	NOUN
fbem-28642	33	23	to	to	PART
fbem-28642	33	24	provide	provide	VERB
fbem-28642	33	25	important	important	ADJ
fbem-28642	33	26	support	support	NOUN
fbem-28642	33	27	for	for	ADP
fbem-28642	33	28	the	the	DET
fbem-28642	33	29	belt	belt	NOUN
fbem-28642	33	30	and	and	CCONJ
fbem-28642	33	31	road	road	NOUN
fbem-28642	33	32	initiative	initiative	NOUN
fbem-28642	33	33	.	.	PUNCT
fbem-28642	34	1	2	2	X
fbem-28642	34	2	.	.	X
fbem-28642	34	3	influencing	influence	VERB
fbem-28642	34	4	factors	factor	NOUN
fbem-28642	34	5	of	of	ADP
fbem-28642	34	6	import	import	NOUN
fbem-28642	34	7	and	and	CCONJ
fbem-28642	34	8	export	export	NOUN
fbem-28642	34	9	trade	trade	NOUN
fbem-28642	34	10	in	in	ADP
fbem-28642	34	11	the	the	DET
fbem-28642	34	12	belt	belt	NOUN
fbem-28642	34	13	and	and	CCONJ
fbem-28642	34	14	road	road	NOUN
fbem-28642	34	15	and	and	CCONJ
fbem-28642	34	16	their	their	PRON
fbem-28642	34	17	impact	impact	NOUN
fbem-28642	34	18	on	on	ADP
fbem-28642	34	19	the	the	DET
fbem-28642	34	20	euro	euro	PROPN
fbem-28642	34	21	exchange	exchange	NOUN
fbem-28642	34	22	rate	rate	NOUN
fbem-28642	34	23	the	the	DET
fbem-28642	34	24	belt	belt	NOUN
fbem-28642	34	25	and	and	CCONJ
fbem-28642	34	26	road	road	NOUN
fbem-28642	34	27	covers	cover	VERB
fbem-28642	34	28	more	more	ADJ
fbem-28642	34	29	than	than	ADP
fbem-28642	34	30	60	60	NUM
fbem-28642	34	31	countries	country	NOUN
fbem-28642	34	32	in	in	ADP
fbem-28642	34	33	europe	europe	PROPN
fbem-28642	34	34	and	and	CCONJ
fbem-28642	34	35	asia	asia	PROPN
fbem-28642	34	36	,	,	PUNCT
fbem-28642	34	37	of	of	ADP
fbem-28642	34	38	which	which	PRON
fbem-28642	34	39	nearly	nearly	ADV
fbem-28642	34	40	20	20	NUM
fbem-28642	34	41	countries	country	NOUN
fbem-28642	34	42	in	in	ADP
fbem-28642	34	43	the	the	DET
fbem-28642	34	44	european	european	PROPN
fbem-28642	34	45	union	union	PROPN
fbem-28642	34	46	have	have	AUX
fbem-28642	34	47	adopted	adopt	VERB
fbem-28642	34	48	the	the	DET
fbem-28642	34	49	euro	euro	NOUN
fbem-28642	34	50	as	as	ADP
fbem-28642	34	51	the	the	DET
fbem-28642	34	52	common	common	ADJ
fbem-28642	34	53	currency	currency	NOUN
fbem-28642	34	54	.	.	PUNCT
fbem-28642	35	1	the	the	DET
fbem-28642	35	2	eu	eu	PROPN
fbem-28642	35	3	's	's	PART
fbem-28642	35	4	import	import	NOUN
fbem-28642	35	5	and	and	CCONJ
fbem-28642	35	6	export	export	NOUN
fbem-28642	35	7	trade	trade	NOUN
fbem-28642	35	8	in	in	ADP
fbem-28642	35	9	the	the	DET
fbem-28642	35	10	belt	belt	NOUN
fbem-28642	35	11	and	and	CCONJ
fbem-28642	35	12	road	road	NOUN
fbem-28642	35	13	will	will	AUX
fbem-28642	35	14	produce	produce	VERB
fbem-28642	35	15	trade	trade	NOUN
fbem-28642	35	16	surplus	surplus	NOUN
fbem-28642	35	17	or	or	CCONJ
fbem-28642	35	18	trade	trade	NOUN
fbem-28642	35	19	deficit	deficit	NOUN
fbem-28642	35	20	,	,	PUNCT
fbem-28642	35	21	which	which	PRON
fbem-28642	35	22	will	will	AUX
fbem-28642	35	23	increase	increase	VERB
fbem-28642	35	24	or	or	CCONJ
fbem-28642	35	25	decrease	decrease	VERB
fbem-28642	35	26	the	the	DET
fbem-28642	35	27	total	total	ADJ
fbem-28642	35	28	demand	demand	NOUN
fbem-28642	35	29	,	,	PUNCT
fbem-28642	35	30	and	and	CCONJ
fbem-28642	35	31	then	then	ADV
fbem-28642	35	32	promote	promote	VERB
fbem-28642	35	33	or	or	CCONJ
fbem-28642	35	34	restrain	restrain	VERB
fbem-28642	35	35	the	the	DET
fbem-28642	35	36	economic	economic	ADJ
fbem-28642	35	37	growth	growth	NOUN
fbem-28642	35	38	of	of	ADP
fbem-28642	35	39	the	the	DET
fbem-28642	35	40	eu	eu	PROPN
fbem-28642	35	41	,	,	PUNCT
fbem-28642	35	42	which	which	PRON
fbem-28642	35	43	in	in	ADP
fbem-28642	35	44	turn	turn	NOUN
fbem-28642	35	45	affects	affect	VERB
fbem-28642	35	46	the	the	DET
fbem-28642	35	47	fluctuation	fluctuation	NOUN
fbem-28642	35	48	of	of	ADP
fbem-28642	35	49	the	the	DET
fbem-28642	35	50	euro	euro	PROPN
fbem-28642	35	51	exchange	exchange	NOUN
fbem-28642	35	52	rate	rate	NOUN
fbem-28642	35	53	.	.	PUNCT
fbem-28642	36	1	2.1	2.1	NUM
fbem-28642	36	2	.	.	PUNCT
fbem-28642	37	1	inflation	inflation	NOUN
fbem-28642	37	2	rate	rate	NOUN
fbem-28642	37	3	when	when	SCONJ
fbem-28642	37	4	the	the	DET
fbem-28642	37	5	inflation	inflation	NOUN
fbem-28642	37	6	rate	rate	NOUN
fbem-28642	37	7	of	of	ADP
fbem-28642	37	8	the	the	DET
fbem-28642	37	9	eu	eu	PROPN
fbem-28642	37	10	rises	rise	NOUN
fbem-28642	37	11	,	,	PUNCT
fbem-28642	37	12	it	it	PRON
fbem-28642	37	13	means	mean	VERB
fbem-28642	37	14	that	that	SCONJ
fbem-28642	37	15	the	the	DET
fbem-28642	37	16	price	price	NOUN
fbem-28642	37	17	of	of	ADP
fbem-28642	37	18	the	the	DET
fbem-28642	37	19	goods	good	NOUN
fbem-28642	37	20	exported	export	VERB
fbem-28642	37	21	from	from	ADP
fbem-28642	37	22	the	the	DET
fbem-28642	37	23	eu	eu	PROPN
fbem-28642	37	24	will	will	AUX
fbem-28642	37	25	rise	rise	VERB
fbem-28642	37	26	.	.	PUNCT
fbem-28642	38	1	in	in	ADP
fbem-28642	38	2	the	the	DET
fbem-28642	38	3	huge	huge	ADJ
fbem-28642	38	4	trade	trade	NOUN
fbem-28642	38	5	market	market	NOUN
fbem-28642	38	6	of	of	ADP
fbem-28642	38	7	the	the	DET
fbem-28642	38	8	belt	belt	NOUN
fbem-28642	38	9	and	and	CCONJ
fbem-28642	38	10	road	road	NOUN
fbem-28642	38	11	,	,	PUNCT
fbem-28642	38	12	if	if	SCONJ
fbem-28642	38	13	the	the	DET
fbem-28642	38	14	price	price	NOUN
fbem-28642	38	15	of	of	ADP
fbem-28642	38	16	the	the	DET
fbem-28642	38	17	same	same	ADJ
fbem-28642	38	18	thing	thing	NOUN
fbem-28642	38	19	exported	export	VERB
fbem-28642	38	20	from	from	ADP
fbem-28642	38	21	the	the	DET
fbem-28642	38	22	eu	eu	PROPN
fbem-28642	38	23	is	be	AUX
fbem-28642	38	24	higher	high	ADJ
fbem-28642	38	25	than	than	ADP
fbem-28642	38	26	that	that	PRON
fbem-28642	38	27	of	of	ADP
fbem-28642	38	28	other	other	ADJ
fbem-28642	38	29	countries	country	NOUN
fbem-28642	38	30	,	,	PUNCT
fbem-28642	38	31	the	the	DET
fbem-28642	38	32	buyers	buyer	NOUN
fbem-28642	38	33	will	will	AUX
fbem-28642	38	34	be	be	AUX
fbem-28642	38	35	more	more	ADV
fbem-28642	38	36	inclined	inclined	ADJ
fbem-28642	38	37	to	to	PART
fbem-28642	38	38	choose	choose	VERB
fbem-28642	38	39	the	the	DET
fbem-28642	38	40	cheaper	cheap	ADJ
fbem-28642	38	41	one	one	NOUN
fbem-28642	38	42	,	,	PUNCT
fbem-28642	38	43	which	which	PRON
fbem-28642	38	44	will	will	AUX
fbem-28642	38	45	lead	lead	VERB
fbem-28642	38	46	to	to	ADP
fbem-28642	38	47	the	the	DET
fbem-28642	38	48	decline	decline	NOUN
fbem-28642	38	49	of	of	ADP
fbem-28642	38	50	the	the	DET
fbem-28642	38	51	price	price	NOUN
fbem-28642	38	52	and	and	CCONJ
fbem-28642	38	53	market	market	NOUN
fbem-28642	38	54	competitiveness	competitiveness	NOUN
fbem-28642	38	55	of	of	ADP
fbem-28642	38	56	the	the	DET
fbem-28642	38	57	eu	eu	PROPN
fbem-28642	38	58	,	,	PUNCT
fbem-28642	38	59	and	and	CCONJ
fbem-28642	38	60	then	then	ADV
fbem-28642	38	61	the	the	DET
fbem-28642	38	62	export	export	NOUN
fbem-28642	38	63	income	income	NOUN
fbem-28642	38	64	will	will	AUX
fbem-28642	38	65	also	also	ADV
fbem-28642	38	66	decrease	decrease	VERB
fbem-28642	38	67	.	.	PUNCT
fbem-28642	39	1	the	the	DET
fbem-28642	39	2	decrease	decrease	NOUN
fbem-28642	39	3	of	of	ADP
fbem-28642	39	4	eu	eu	PROPN
fbem-28642	39	5	's	's	PART
fbem-28642	39	6	export	export	NOUN
fbem-28642	39	7	income	income	NOUN
fbem-28642	39	8	means	mean	VERB
fbem-28642	39	9	the	the	DET
fbem-28642	39	10	decrease	decrease	NOUN
fbem-28642	39	11	of	of	ADP
fbem-28642	39	12	trade	trade	NOUN
fbem-28642	39	13	balance	balance	NOUN
fbem-28642	39	14	,	,	PUNCT
fbem-28642	39	15	which	which	PRON
fbem-28642	39	16	is	be	AUX
fbem-28642	39	17	an	an	DET
fbem-28642	39	18	important	important	ADJ
fbem-28642	39	19	part	part	NOUN
fbem-28642	39	20	of	of	ADP
fbem-28642	39	21	total	total	ADJ
fbem-28642	39	22	demand	demand	NOUN
fbem-28642	39	23	.	.	PUNCT
fbem-28642	40	1	the	the	DET
fbem-28642	40	2	decrease	decrease	NOUN
fbem-28642	40	3	of	of	ADP
fbem-28642	40	4	trade	trade	NOUN
fbem-28642	40	5	balance	balance	NOUN
fbem-28642	40	6	leads	lead	VERB
fbem-28642	40	7	to	to	ADP
fbem-28642	40	8	a	a	DET
fbem-28642	40	9	decrease	decrease	NOUN
fbem-28642	40	10	in	in	ADP
fbem-28642	40	11	total	total	ADJ
fbem-28642	40	12	demand	demand	NOUN
fbem-28642	40	13	,	,	PUNCT
fbem-28642	40	14	which	which	PRON
fbem-28642	40	15	will	will	AUX
fbem-28642	40	16	restrain	restrain	VERB
fbem-28642	40	17	the	the	DET
fbem-28642	40	18	economic	economic	ADJ
fbem-28642	40	19	growth	growth	NOUN
fbem-28642	40	20	of	of	ADP
fbem-28642	40	21	eu	eu	PROPN
fbem-28642	40	22	.	.	PUNCT
fbem-28642	41	1	the	the	DET
fbem-28642	41	2	economic	economic	ADJ
fbem-28642	41	3	growth	growth	NOUN
fbem-28642	41	4	of	of	ADP
fbem-28642	41	5	a	a	DET
fbem-28642	41	6	country	country	NOUN
fbem-28642	41	7	is	be	AUX
fbem-28642	41	8	usually	usually	ADV
fbem-28642	41	9	accompanied	accompany	VERB
fbem-28642	41	10	by	by	ADP
fbem-28642	41	11	the	the	DET
fbem-28642	41	12	increase	increase	NOUN
fbem-28642	41	13	of	of	ADP
fbem-28642	41	14	the	the	DET
fbem-28642	41	15	demand	demand	NOUN
fbem-28642	41	16	for	for	ADP
fbem-28642	41	17	goods	good	NOUN
fbem-28642	41	18	and	and	CCONJ
fbem-28642	41	19	services	service	NOUN
fbem-28642	41	20	,	,	PUNCT
fbem-28642	41	21	and	and	CCONJ
fbem-28642	41	22	eu	eu	PROPN
fbem-28642	41	23	needs	need	VERB
fbem-28642	41	24	more	more	ADJ
fbem-28642	41	25	goods	good	NOUN
fbem-28642	41	26	and	and	CCONJ
fbem-28642	41	27	services	service	NOUN
fbem-28642	41	28	for	for	ADP
fbem-28642	41	29	development	development	NOUN
fbem-28642	41	30	and	and	CCONJ
fbem-28642	41	31	innovation	innovation	NOUN
fbem-28642	41	32	.	.	PUNCT
fbem-28642	42	1	this	this	PRON
fbem-28642	42	2	will	will	AUX
fbem-28642	42	3	attract	attract	VERB
fbem-28642	42	4	a	a	DET
fbem-28642	42	5	large	large	ADJ
fbem-28642	42	6	number	number	NOUN
fbem-28642	42	7	of	of	ADP
fbem-28642	42	8	foreign	foreign	ADJ
fbem-28642	42	9	investors	investor	NOUN
fbem-28642	42	10	to	to	PART
fbem-28642	42	11	invest	invest	VERB
fbem-28642	42	12	,	,	PUNCT
fbem-28642	42	13	and	and	CCONJ
fbem-28642	42	14	these	these	DET
fbem-28642	42	15	foreign	foreign	ADJ
fbem-28642	42	16	capital	capital	NOUN
fbem-28642	42	17	flows	flow	VERB
fbem-28642	42	18	into	into	ADP
fbem-28642	42	19	the	the	DET
fbem-28642	42	20	eu	eu	PROPN
fbem-28642	42	21	market	market	NOUN
fbem-28642	42	22	will	will	AUX
fbem-28642	42	23	increase	increase	VERB
fbem-28642	42	24	the	the	DET
fbem-28642	42	25	demand	demand	NOUN
fbem-28642	42	26	for	for	ADP
fbem-28642	42	27	the	the	DET
fbem-28642	42	28	euro	euro	PROPN
fbem-28642	42	29	currency	currency	NOUN
fbem-28642	42	30	,	,	PUNCT
fbem-28642	42	31	thus	thus	ADV
fbem-28642	42	32	making	make	VERB
fbem-28642	42	33	the	the	DET
fbem-28642	42	34	euro	euro	NOUN
fbem-28642	42	35	appreciate	appreciate	VERB
fbem-28642	42	36	.	.	PUNCT
fbem-28642	43	1	in	in	ADP
fbem-28642	43	2	the	the	DET
fbem-28642	43	3	existing	exist	VERB
fbem-28642	43	4	studies	study	NOUN
fbem-28642	43	5	on	on	ADP
fbem-28642	43	6	exchange	exchange	NOUN
fbem-28642	43	7	rate	rate	NOUN
fbem-28642	43	8	fluctuations	fluctuation	NOUN
fbem-28642	43	9	,	,	PUNCT
fbem-28642	43	10	the	the	DET
fbem-28642	43	11	famous	famous	ADJ
fbem-28642	43	12	economist	economist	NOUN
fbem-28642	43	13	fisher	fisher	PROPN
fbem-28642	43	14	linked	link	VERB
fbem-28642	43	15	interest	interest	NOUN
fbem-28642	43	16	rate	rate	NOUN
fbem-28642	43	17	fluctuations	fluctuation	NOUN
fbem-28642	43	18	with	with	ADP
fbem-28642	43	19	the	the	DET
fbem-28642	43	20	inflation	inflation	NOUN
fbem-28642	43	21	rate	rate	NOUN
fbem-28642	43	22	,	,	PUNCT
fbem-28642	43	23	and	and	CCONJ
fbem-28642	43	24	pointed	point	VERB
fbem-28642	43	25	out	out	ADP
fbem-28642	43	26	that	that	SCONJ
fbem-28642	43	27	when	when	SCONJ
fbem-28642	43	28	the	the	DET
fbem-28642	43	29	inflation	inflation	NOUN
fbem-28642	43	30	rate	rate	NOUN
fbem-28642	43	31	rose	rise	VERB
fbem-28642	43	32	,	,	PUNCT
fbem-28642	43	33	the	the	DET
fbem-28642	43	34	interest	interest	NOUN
fbem-28642	43	35	rate	rate	NOUN
fbem-28642	43	36	also	also	ADV
fbem-28642	43	37	rose	rise	VERB
fbem-28642	43	38	.	.	PUNCT
fbem-28642	44	1	meanwhile	meanwhile	ADV
fbem-28642	44	2	,	,	PUNCT
fbem-28642	44	3	fisher	fisher	PROPN
fbem-28642	44	4	's	's	PART
fbem-28642	44	5	effect	effect	NOUN
fbem-28642	44	6	believes	believe	VERB
fbem-28642	44	7	that	that	SCONJ
fbem-28642	44	8	the	the	DET
fbem-28642	44	9	rise	rise	NOUN
fbem-28642	44	10	in	in	ADP
fbem-28642	44	11	nominal	nominal	ADJ
fbem-28642	44	12	interest	interest	NOUN
fbem-28642	44	13	rate	rate	NOUN
fbem-28642	44	14	is	be	AUX
fbem-28642	44	15	exactly	exactly	ADV
fbem-28642	44	16	equal	equal	ADJ
fbem-28642	44	17	to	to	ADP
fbem-28642	44	18	the	the	DET
fbem-28642	44	19	inflation	inflation	NOUN
fbem-28642	44	20	rate	rate	NOUN
fbem-28642	44	21	.	.	PUNCT
fbem-28642	45	1	fisher	fisher	PROPN
fbem-28642	45	2	effect	effect	NOUN
fbem-28642	45	3	can	can	AUX
fbem-28642	45	4	be	be	AUX
fbem-28642	45	5	expressed	express	VERB
fbem-28642	45	6	as	as	ADP
fbem-28642	45	7	:	:	PUNCT
fbem-28642	45	8	r	r	NOUN
fbem-28642	45	9	=	=	SYM
fbem-28642	45	10	r+a	r+a	PROPN
fbem-28642	45	11	.	.	PUNCT
fbem-28642	46	1	(	(	PUNCT
fbem-28642	46	2	1	1	X
fbem-28642	46	3	)	)	PUNCT
fbem-28642	46	4	1+r=	1+r=	NUM
fbem-28642	46	5	(	(	PUNCT
fbem-28642	46	6	1+r	1+r	NUM
fbem-28642	46	7	)	)	PUNCT
fbem-28642	46	8	*	*	PUNCT
fbem-28642	46	9	(	(	PUNCT
fbem-28642	46	10	1+a	1+a	NUM
fbem-28642	46	11	)	)	PUNCT
fbem-28642	46	12	.	.	PUNCT
fbem-28642	47	1	(	(	PUNCT
fbem-28642	47	2	2	2	X
fbem-28642	47	3	)	)	PUNCT
fbem-28642	47	4	r	r	NOUN
fbem-28642	47	5	=	=	SYM
fbem-28642	47	6	r+a+ra	r+a+ra	PROPN
fbem-28642	47	7	.	.	PUNCT
fbem-28642	48	1	(	(	PUNCT
fbem-28642	48	2	3	3	X
fbem-28642	48	3	)	)	PUNCT
fbem-28642	48	4	if	if	SCONJ
fbem-28642	48	5	the	the	DET
fbem-28642	48	6	inflation	inflation	NOUN
fbem-28642	48	7	rate	rate	NOUN
fbem-28642	48	8	is	be	AUX
fbem-28642	48	9	at	at	ADP
fbem-28642	48	10	the	the	DET
fbem-28642	48	11	general	general	ADJ
fbem-28642	48	12	level	level	NOUN
fbem-28642	48	13	,	,	PUNCT
fbem-28642	48	14	ra	ra	PROPN
fbem-28642	48	15	is	be	AUX
fbem-28642	48	16	negligible	negligible	ADJ
fbem-28642	48	17	,	,	PUNCT
fbem-28642	48	18	that	that	PRON
fbem-28642	48	19	is	be	AUX
fbem-28642	48	20	:	:	PUNCT
fbem-28642	48	21	r	r	X
fbem-28642	48	22	=	=	SYM
fbem-28642	48	23	r+a	r+a	PROPN
fbem-28642	48	24	.	.	PUNCT
fbem-28642	49	1	(	(	PUNCT
fbem-28642	49	2	4	4	NUM
fbem-28642	49	3	)	)	PUNCT
fbem-28642	49	4	where	where	SCONJ
fbem-28642	49	5	r	r	NOUN
fbem-28642	49	6	represents	represent	VERB
fbem-28642	49	7	the	the	DET
fbem-28642	49	8	real	real	ADJ
fbem-28642	49	9	interest	interest	NOUN
fbem-28642	49	10	rate	rate	NOUN
fbem-28642	49	11	,	,	PUNCT
fbem-28642	49	12	a	a	PRON
fbem-28642	49	13	represents	represent	VERB
fbem-28642	49	14	the	the	DET
fbem-28642	49	15	inflation	inflation	NOUN
fbem-28642	49	16	rate	rate	NOUN
fbem-28642	49	17	,	,	PUNCT
fbem-28642	49	18	and	and	CCONJ
fbem-28642	49	19	r	r	NOUN
fbem-28642	49	20	represents	represent	VERB
fbem-28642	49	21	the	the	DET
fbem-28642	49	22	nominal	nominal	ADJ
fbem-28642	49	23	interest	interest	NOUN
fbem-28642	49	24	rate	rate	NOUN
fbem-28642	49	25	.	.	PUNCT
fbem-28642	50	1	in	in	ADP
fbem-28642	50	2	order	order	NOUN
fbem-28642	50	3	to	to	PART
fbem-28642	50	4	prove	prove	VERB
fbem-28642	50	5	the	the	DET
fbem-28642	50	6	existence	existence	NOUN
fbem-28642	50	7	of	of	ADP
fbem-28642	50	8	fisher	fisher	PROPN
fbem-28642	50	9	effect	effect	NOUN
fbem-28642	50	10	,	,	PUNCT
fbem-28642	50	11	walace	walace	NOUN
fbem-28642	50	12	and	and	CCONJ
fbem-28642	50	13	warner	warner	PROPN
fbem-28642	50	14	provided	provide	VERB
fbem-28642	50	15	scientific	scientific	ADJ
fbem-28642	50	16	,	,	PUNCT
fbem-28642	50	17	specific	specific	ADJ
fbem-28642	50	18	and	and	CCONJ
fbem-28642	50	19	graphic	graphic	ADJ
fbem-28642	50	20	proof	proof	NOUN
fbem-28642	50	21	of	of	ADP
fbem-28642	50	22	fisher	fisher	PROPN
fbem-28642	50	23	effect	effect	NOUN
fbem-28642	50	24	based	base	VERB
fbem-28642	50	25	on	on	ADP
fbem-28642	50	26	the	the	DET
fbem-28642	50	27	quarterly	quarterly	ADJ
fbem-28642	50	28	data	datum	NOUN
fbem-28642	50	29	of	of	ADP
fbem-28642	50	30	the	the	DET
fbem-28642	50	31	united	united	PROPN
fbem-28642	50	32	states	states	PROPN
fbem-28642	50	33	and	and	CCONJ
fbem-28642	50	34	johan	johan	PROPN
fbem-28642	50	35	-	-	PUNCT
fbem-28642	50	36	sen	sen	PROPN
fbem-28642	50	37	test	test	NOUN
fbem-28642	50	38	[	[	X
fbem-28642	50	39	4	4	NUM
fbem-28642	50	40	]	]	PUNCT
fbem-28642	50	41	.	.	PUNCT
fbem-28642	51	1	what	what	PRON
fbem-28642	51	2	is	be	AUX
fbem-28642	51	3	more	more	ADJ
fbem-28642	51	4	,	,	PUNCT
fbem-28642	51	5	the	the	DET
fbem-28642	51	6	euro	euro	PROPN
fbem-28642	51	7	exchange	exchange	NOUN
fbem-28642	51	8	rate	rate	NOUN
fbem-28642	51	9	will	will	AUX
fbem-28642	51	10	further	far	ADV
fbem-28642	51	11	affect	affect	VERB
fbem-28642	51	12	the	the	DET
fbem-28642	51	13	inflation	inflation	NOUN
fbem-28642	51	14	rate	rate	NOUN
fbem-28642	51	15	.	.	PUNCT
fbem-28642	52	1	for	for	ADP
fbem-28642	52	2	example	example	NOUN
fbem-28642	52	3	,	,	PUNCT
fbem-28642	52	4	the	the	DET
fbem-28642	52	5	fixed	fix	VERB
fbem-28642	52	6	exchange	exchange	NOUN
fbem-28642	52	7	rate	rate	NOUN
fbem-28642	52	8	system	system	NOUN
fbem-28642	52	9	adopted	adopt	VERB
fbem-28642	52	10	by	by	ADP
fbem-28642	52	11	the	the	DET
fbem-28642	52	12	eu	eu	PROPN
fbem-28642	52	13	can	can	AUX
fbem-28642	52	14	reduce	reduce	VERB
fbem-28642	52	15	inflation	inflation	NOUN
fbem-28642	52	16	on	on	ADP
fbem-28642	52	17	the	the	DET
fbem-28642	52	18	one	one	NUM
fbem-28642	52	19	hand	hand	NOUN
fbem-28642	52	20	;	;	PUNCT
fbem-28642	52	21	on	on	ADP
fbem-28642	52	22	the	the	DET
fbem-28642	52	23	other	other	ADJ
fbem-28642	52	24	hand	hand	NOUN
fbem-28642	52	25	,	,	PUNCT
fbem-28642	52	26	it	it	PRON
fbem-28642	52	27	will	will	AUX
fbem-28642	52	28	lead	lead	VERB
fbem-28642	52	29	to	to	ADP
fbem-28642	52	30	the	the	DET
fbem-28642	52	31	default	default	NOUN
fbem-28642	52	32	of	of	ADP
fbem-28642	52	33	the	the	DET
fbem-28642	52	34	country	country	NOUN
fbem-28642	52	35	,	,	PUNCT
fbem-28642	52	36	the	the	DET
fbem-28642	52	37	loss	loss	NOUN
fbem-28642	52	38	of	of	ADP
fbem-28642	52	39	the	the	DET
fbem-28642	52	40	credibility	credibility	NOUN
fbem-28642	52	41	of	of	ADP
fbem-28642	52	42	the	the	DET
fbem-28642	52	43	government	government	NOUN
fbem-28642	52	44	and	and	CCONJ
fbem-28642	52	45	the	the	DET
fbem-28642	52	46	chaos	chaos	NOUN
fbem-28642	52	47	of	of	ADP
fbem-28642	52	48	the	the	DET
fbem-28642	52	49	masses	masse	NOUN
fbem-28642	52	50	.	.	PUNCT
fbem-28642	53	1	on	on	ADP
fbem-28642	53	2	the	the	DET
fbem-28642	53	3	contrary	contrary	NOUN
fbem-28642	53	4	,	,	PUNCT
fbem-28642	53	5	the	the	DET
fbem-28642	53	6	public	public	NOUN
fbem-28642	53	7	will	will	AUX
fbem-28642	53	8	have	have	VERB
fbem-28642	53	9	a	a	DET
fbem-28642	53	10	higher	high	ADJ
fbem-28642	53	11	inflation	inflation	NOUN
fbem-28642	53	12	expectation	expectation	NOUN
fbem-28642	53	13	[	[	X
fbem-28642	53	14	5	5	NUM
fbem-28642	53	15	]	]	PUNCT
fbem-28642	53	16	.	.	PUNCT
fbem-28642	54	1	2.2	2.2	NUM
fbem-28642	54	2	.	.	PUNCT
fbem-28642	55	1	exchange	exchange	NOUN
fbem-28642	55	2	rate	rate	NOUN
fbem-28642	55	3	the	the	DET
fbem-28642	55	4	exchange	exchange	NOUN
fbem-28642	55	5	rate	rate	NOUN
fbem-28642	55	6	has	have	VERB
fbem-28642	55	7	a	a	DET
fbem-28642	55	8	dynamic	dynamic	ADJ
fbem-28642	55	9	relationship	relationship	NOUN
fbem-28642	55	10	with	with	ADP
fbem-28642	55	11	the	the	DET
fbem-28642	55	12	trade	trade	NOUN
fbem-28642	55	13	balance	balance	NOUN
fbem-28642	55	14	,	,	PUNCT
fbem-28642	55	15	so	so	SCONJ
fbem-28642	55	16	the	the	DET
fbem-28642	55	17	fluctuation	fluctuation	NOUN
fbem-28642	55	18	of	of	ADP
fbem-28642	55	19	the	the	DET
fbem-28642	55	20	euro	euro	PROPN
fbem-28642	55	21	exchange	exchange	NOUN
fbem-28642	55	22	rate	rate	NOUN
fbem-28642	55	23	will	will	AUX
fbem-28642	55	24	affect	affect	VERB
fbem-28642	55	25	the	the	DET
fbem-28642	55	26	trade	trade	NOUN
fbem-28642	55	27	balance	balance	NOUN
fbem-28642	55	28	,	,	PUNCT
fbem-28642	55	29	and	and	CCONJ
fbem-28642	55	30	then	then	ADV
fbem-28642	55	31	the	the	DET
fbem-28642	55	32	trade	trade	NOUN
fbem-28642	55	33	balance	balance	NOUN
fbem-28642	55	34	will	will	AUX
fbem-28642	55	35	drive	drive	VERB
fbem-28642	55	36	the	the	DET
fbem-28642	55	37	economic	economic	ADJ
fbem-28642	55	38	growth	growth	NOUN
fbem-28642	55	39	of	of	ADP
fbem-28642	55	40	the	the	DET
fbem-28642	55	41	eu	eu	PROPN
fbem-28642	55	42	,	,	PUNCT
fbem-28642	55	43	and	and	CCONJ
fbem-28642	55	44	then	then	ADV
fbem-28642	55	45	affect	affect	VERB
fbem-28642	55	46	the	the	DET
fbem-28642	55	47	euro	euro	PROPN
fbem-28642	55	48	exchange	exchange	NOUN
fbem-28642	55	49	rate	rate	NOUN
fbem-28642	55	50	.	.	PUNCT
fbem-28642	56	1	when	when	SCONJ
fbem-28642	56	2	the	the	DET
fbem-28642	56	3	euro	euro	NOUN
fbem-28642	56	4	appreciates	appreciate	VERB
fbem-28642	56	5	,	,	PUNCT
fbem-28642	56	6	from	from	ADP
fbem-28642	56	7	the	the	DET
fbem-28642	56	8	perspective	perspective	NOUN
fbem-28642	56	9	of	of	ADP
fbem-28642	56	10	eu	eu	PROPN
fbem-28642	56	11	imported	import	VERB
fbem-28642	56	12	goods	good	NOUN
fbem-28642	56	13	,	,	PUNCT
fbem-28642	56	14	the	the	DET
fbem-28642	56	15	tea	tea	NOUN
fbem-28642	56	16	that	that	PRON
fbem-28642	56	17	could	could	AUX
fbem-28642	56	18	be	be	AUX
fbem-28642	56	19	bought	buy	VERB
fbem-28642	56	20	in	in	ADP
fbem-28642	56	21	china	china	PROPN
fbem-28642	56	22	for	for	ADP
fbem-28642	56	23	10	10	NUM
fbem-28642	56	24	euros	euro	NOUN
fbem-28642	56	25	can	can	AUX
fbem-28642	56	26	now	now	ADV
fbem-28642	56	27	be	be	AUX
fbem-28642	56	28	bought	buy	VERB
fbem-28642	56	29	for	for	ADP
fbem-28642	56	30	8	8	NUM
fbem-28642	56	31	euros	euro	NOUN
fbem-28642	56	32	.	.	PUNCT
fbem-28642	57	1	therefore	therefore	ADV
fbem-28642	57	2	,	,	PUNCT
fbem-28642	57	3	the	the	DET
fbem-28642	57	4	money	money	NOUN
fbem-28642	57	5	needed	need	VERB
fbem-28642	57	6	to	to	PART
fbem-28642	57	7	import	import	VERB
fbem-28642	57	8	goods	good	NOUN
fbem-28642	57	9	is	be	AUX
fbem-28642	57	10	reduced	reduce	VERB
fbem-28642	57	11	,	,	PUNCT
fbem-28642	57	12	and	and	CCONJ
fbem-28642	57	13	the	the	DET
fbem-28642	57	14	price	price	NOUN
fbem-28642	57	15	competitiveness	competitiveness	NOUN
fbem-28642	57	16	of	of	ADP
fbem-28642	57	17	imports	import	NOUN
fbem-28642	57	18	is	be	AUX
fbem-28642	57	19	increased	increase	VERB
fbem-28642	57	20	,	,	PUNCT
fbem-28642	57	21	so	so	ADV
fbem-28642	57	22	the	the	DET
fbem-28642	57	23	eu	eu	PROPN
fbem-28642	57	24	will	will	AUX
fbem-28642	57	25	spend	spend	VERB
fbem-28642	57	26	more	more	ADJ
fbem-28642	57	27	money	money	NOUN
fbem-28642	57	28	on	on	ADP
fbem-28642	57	29	importing	import	VERB
fbem-28642	57	30	products	product	NOUN
fbem-28642	57	31	and	and	CCONJ
fbem-28642	57	32	services	service	NOUN
fbem-28642	57	33	from	from	ADP
fbem-28642	57	34	other	other	ADJ
fbem-28642	57	35	countries	country	NOUN
fbem-28642	57	36	.	.	PUNCT
fbem-28642	58	1	from	from	ADP
fbem-28642	58	2	the	the	DET
fbem-28642	58	3	perspective	perspective	NOUN
fbem-28642	58	4	of	of	ADP
fbem-28642	58	5	export	export	NOUN
fbem-28642	58	6	,	,	PUNCT
fbem-28642	58	7	due	due	ADP
fbem-28642	58	8	to	to	ADP
fbem-28642	58	9	the	the	DET
fbem-28642	58	10	appreciation	appreciation	NOUN
fbem-28642	58	11	of	of	ADP
fbem-28642	58	12	the	the	DET
fbem-28642	58	13	euro	euro	NOUN
fbem-28642	58	14	,	,	PUNCT
fbem-28642	58	15	the	the	DET
fbem-28642	58	16	products	product	NOUN
fbem-28642	58	17	in	in	ADP
fbem-28642	58	18	the	the	DET
fbem-28642	58	19	eu	eu	PROPN
fbem-28642	58	20	market	market	NOUN
fbem-28642	58	21	that	that	PRON
fbem-28642	58	22	could	could	AUX
fbem-28642	58	23	be	be	AUX
fbem-28642	58	24	bought	buy	VERB
fbem-28642	58	25	at	at	ADP
fbem-28642	58	26	10	10	NUM
fbem-28642	58	27	yen	yen	NOUN
fbem-28642	58	28	can	can	AUX
fbem-28642	58	29	now	now	ADV
fbem-28642	58	30	be	be	AUX
fbem-28642	58	31	bought	buy	VERB
fbem-28642	58	32	at	at	ADP
fbem-28642	58	33	15	15	NUM
fbem-28642	58	34	yen	yen	NOUN
fbem-28642	58	35	.	.	PUNCT
fbem-28642	59	1	as	as	ADP
fbem-28642	59	2	a	a	DET
fbem-28642	59	3	result	result	NOUN
fbem-28642	59	4	,	,	PUNCT
fbem-28642	59	5	the	the	DET
fbem-28642	59	6	price	price	NOUN
fbem-28642	59	7	of	of	ADP
fbem-28642	59	8	eu	eu	PROPN
fbem-28642	59	9	export	export	NOUN
fbem-28642	59	10	commodities	commodity	NOUN
fbem-28642	59	11	will	will	AUX
fbem-28642	59	12	increase	increase	VERB
fbem-28642	59	13	,	,	PUNCT
fbem-28642	59	14	which	which	PRON
fbem-28642	59	15	will	will	AUX
fbem-28642	59	16	inhibit	inhibit	VERB
fbem-28642	59	17	the	the	DET
fbem-28642	59	18	price	price	NOUN
fbem-28642	59	19	competitiveness	competitiveness	NOUN
fbem-28642	59	20	of	of	ADP
fbem-28642	59	21	eu	eu	PROPN
fbem-28642	59	22	in	in	ADP
fbem-28642	59	23	export	export	NOUN
fbem-28642	59	24	,	,	PUNCT
fbem-28642	59	25	and	and	CCONJ
fbem-28642	59	26	the	the	DET
fbem-28642	59	27	export	export	NOUN
fbem-28642	59	28	earnings	earning	NOUN
fbem-28642	59	29	received	receive	VERB
fbem-28642	59	30	will	will	AUX
fbem-28642	59	31	decrease	decrease	VERB
fbem-28642	59	32	accordingly	accordingly	ADV
fbem-28642	59	33	.	.	PUNCT
fbem-28642	60	1	lower	low	ADJ
fbem-28642	60	2	exports	export	NOUN
fbem-28642	60	3	and	and	CCONJ
fbem-28642	60	4	higher	high	ADJ
fbem-28642	60	5	imports	import	NOUN
fbem-28642	60	6	worsen	worsen	VERB
fbem-28642	60	7	the	the	DET
fbem-28642	60	8	net	net	ADJ
fbem-28642	60	9	trade	trade	NOUN
fbem-28642	60	10	balance	balance	NOUN
fbem-28642	60	11	and	and	CCONJ
fbem-28642	60	12	restrain	restrain	VERB
fbem-28642	60	13	economic	economic	ADJ
fbem-28642	60	14	growth	growth	NOUN
fbem-28642	60	15	in	in	ADP
fbem-28642	60	16	the	the	DET
fbem-28642	60	17	eu	eu	PROPN
fbem-28642	60	18	.	.	PROPN
fbem-28642	60	19	for	for	ADP
fbem-28642	60	20	the	the	DET
fbem-28642	60	21	eu	eu	PROPN
fbem-28642	60	22	,	,	PUNCT
fbem-28642	60	23	the	the	DET
fbem-28642	60	24	decrease	decrease	NOUN
fbem-28642	60	25	in	in	ADP
fbem-28642	60	26	exports	export	NOUN
fbem-28642	60	27	and	and	CCONJ
fbem-28642	60	28	the	the	DET
fbem-28642	60	29	increase	increase	NOUN
fbem-28642	60	30	in	in	ADP
fbem-28642	60	31	imports	import	NOUN
fbem-28642	60	32	may	may	AUX
fbem-28642	60	33	reduce	reduce	VERB
fbem-28642	60	34	its	its	PRON
fbem-28642	60	35	demand	demand	NOUN
fbem-28642	60	36	for	for	ADP
fbem-28642	60	37	domestic	domestic	ADJ
fbem-28642	60	38	currency	currency	NOUN
fbem-28642	60	39	.	.	PUNCT
fbem-28642	61	1	buyers	buyer	NOUN
fbem-28642	61	2	from	from	ADP
fbem-28642	61	3	foreign	foreign	ADJ
fbem-28642	61	4	countries	country	NOUN
fbem-28642	61	5	are	be	AUX
fbem-28642	61	6	unlikely	unlikely	ADJ
fbem-28642	61	7	to	to	PART
fbem-28642	61	8	need	need	VERB
fbem-28642	61	9	to	to	PART
fbem-28642	61	10	buy	buy	VERB
fbem-28642	61	11	euros	euro	NOUN
fbem-28642	61	12	to	to	PART
fbem-28642	61	13	pay	pay	VERB
fbem-28642	61	14	for	for	ADP
fbem-28642	61	15	the	the	DET
fbem-28642	61	16	goods	good	NOUN
fbem-28642	61	17	,	,	PUNCT
fbem-28642	61	18	and	and	CCONJ
fbem-28642	61	19	they	they	PRON
fbem-28642	61	20	can	can	AUX
fbem-28642	61	21	directly	directly	ADV
fbem-28642	61	22	use	use	VERB
fbem-28642	61	23	foreign	foreign	ADJ
fbem-28642	61	24	currencies	currency	NOUN
fbem-28642	61	25	to	to	PART
fbem-28642	61	26	pay	pay	VERB
fbem-28642	61	27	for	for	ADP
fbem-28642	61	28	the	the	DET
fbem-28642	61	29	goods	good	NOUN
fbem-28642	61	30	,	,	PUNCT
fbem-28642	61	31	which	which	PRON
fbem-28642	61	32	may	may	AUX
fbem-28642	61	33	lead	lead	VERB
fbem-28642	61	34	to	to	ADP
fbem-28642	61	35	the	the	DET
fbem-28642	61	36	depreciation	depreciation	NOUN
fbem-28642	61	37	of	of	ADP
fbem-28642	61	38	the	the	DET
fbem-28642	61	39	euro	euro	NOUN
fbem-28642	61	40	.	.	PUNCT
fbem-28642	62	1	2.3	2.3	NUM
fbem-28642	62	2	.	.	PUNCT
fbem-28642	63	1	economic	economic	ADJ
fbem-28642	63	2	growth	growth	NOUN
fbem-28642	63	3	the	the	DET
fbem-28642	63	4	change	change	NOUN
fbem-28642	63	5	of	of	ADP
fbem-28642	63	6	inflation	inflation	NOUN
fbem-28642	63	7	and	and	CCONJ
fbem-28642	63	8	exchange	exchange	NOUN
fbem-28642	63	9	rate	rate	NOUN
fbem-28642	63	10	both	both	PRON
fbem-28642	63	11	have	have	VERB
fbem-28642	63	12	an	an	DET
fbem-28642	63	13	influence	influence	NOUN
fbem-28642	63	14	on	on	ADP
fbem-28642	63	15	the	the	DET
fbem-28642	63	16	economic	economic	ADJ
fbem-28642	63	17	growth	growth	NOUN
fbem-28642	63	18	.	.	PUNCT
fbem-28642	64	1	specifically	specifically	ADV
fbem-28642	64	2	,	,	PUNCT
fbem-28642	64	3	as	as	SCONJ
fbem-28642	64	4	eu	eu	PROPN
fbem-28642	64	5	domestic	domestic	ADJ
fbem-28642	64	6	economic	economic	ADJ
fbem-28642	64	7	growth	growth	NOUN
fbem-28642	64	8	result	result	VERB
fbem-28642	64	9	in	in	ADP
fbem-28642	64	10	demand	demand	NOUN
fbem-28642	64	11	of	of	ADP
fbem-28642	64	12	goods	good	NOUN
fbem-28642	64	13	and	and	CCONJ
fbem-28642	64	14	services	service	NOUN
fbem-28642	64	15	increase	increase	NOUN
fbem-28642	64	16	,	,	PUNCT
fbem-28642	64	17	they	they	PRON
fbem-28642	64	18	will	will	AUX
fbem-28642	64	19	more	more	ADV
fbem-28642	64	20	likely	likely	ADJ
fbem-28642	64	21	to	to	PART
fbem-28642	64	22	buy	buy	VERB
fbem-28642	64	23	capitals	capital	NOUN
fbem-28642	64	24	from	from	ADP
fbem-28642	64	25	others	other	NOUN
fbem-28642	64	26	so	so	SCONJ
fbem-28642	64	27	the	the	DET
fbem-28642	64	28	import	import	NOUN
fbem-28642	64	29	expenditure	expenditure	NOUN
fbem-28642	64	30	increase	increase	NOUN
fbem-28642	64	31	,	,	PUNCT
fbem-28642	64	32	worsen	worsen	VERB
fbem-28642	64	33	the	the	DET
fbem-28642	64	34	net	net	ADJ
fbem-28642	64	35	trade	trade	NOUN
fbem-28642	64	36	balance	balance	NOUN
fbem-28642	64	37	;	;	PUNCT
fbem-28642	64	38	however	however	ADV
fbem-28642	64	39	,	,	PUNCT
fbem-28642	64	40	if	if	SCONJ
fbem-28642	64	41	the	the	DET
fbem-28642	64	42	economies	economy	NOUN
fbem-28642	64	43	of	of	ADP
fbem-28642	64	44	other	other	ADJ
fbem-28642	64	45	bri	bri	NOUN
fbem-28642	64	46	trading	trading	NOUN
fbem-28642	64	47	countries	country	NOUN
fbem-28642	64	48	grow	grow	VERB
fbem-28642	64	49	,	,	PUNCT
fbem-28642	64	50	the	the	DET
fbem-28642	64	51	demand	demand	NOUN
fbem-28642	64	52	of	of	ADP
fbem-28642	64	53	goods	good	NOUN
fbem-28642	64	54	and	and	CCONJ
fbem-28642	64	55	services	service	NOUN
fbem-28642	64	56	in	in	ADP
fbem-28642	64	57	other	other	ADJ
fbem-28642	64	58	foreign	foreign	ADJ
fbem-28642	64	59	countries	country	NOUN
fbem-28642	64	60	will	will	AUX
fbem-28642	64	61	increase	increase	VERB
fbem-28642	64	62	,	,	PUNCT
fbem-28642	64	63	the	the	DET
fbem-28642	64	64	demand	demand	NOUN
fbem-28642	64	65	of	of	ADP
fbem-28642	64	66	goods	good	NOUN
fbem-28642	64	67	and	and	CCONJ
fbem-28642	64	68	services	service	NOUN
fbem-28642	64	69	in	in	ADP
fbem-28642	64	70	other	other	ADJ
fbem-28642	64	71	foreign	foreign	ADJ
fbem-28642	64	72	countries	country	NOUN
fbem-28642	64	73	will	will	AUX
fbem-28642	64	74	increase	increase	VERB
fbem-28642	64	75	they	they	PRON
fbem-28642	64	76	need	need	VERB
fbem-28642	64	77	more	more	ADJ
fbem-28642	64	78	euros	euro	NOUN
fbem-28642	64	79	.	.	PUNCT
fbem-28642	65	1	so	so	SCONJ
fbem-28642	65	2	that	that	SCONJ
fbem-28642	65	3	the	the	DET
fbem-28642	65	4	demand	demand	NOUN
fbem-28642	65	5	of	of	ADP
fbem-28642	65	6	currency	currency	NOUN
fbem-28642	65	7	increase	increase	NOUN
fbem-28642	65	8	,	,	PUNCT
fbem-28642	65	9	they	they	PRON
fbem-28642	65	10	need	need	VERB
fbem-28642	65	11	more	more	ADJ
fbem-28642	65	12	euros	euro	NOUN
fbem-28642	65	13	.	.	PUNCT
fbem-28642	66	1	so	so	SCONJ
fbem-28642	66	2	that	that	SCONJ
fbem-28642	66	3	the	the	DET
fbem-28642	66	4	demand	demand	NOUN
fbem-28642	66	5	of	of	ADP
fbem-28642	66	6	currency	currency	NOUN
fbem-28642	66	7	increase	increase	NOUN
fbem-28642	66	8	,	,	PUNCT
fbem-28642	66	9	because	because	SCONJ
fbem-28642	66	10	of	of	ADP
fbem-28642	66	11	the	the	DET
fbem-28642	66	12	demand	demand	NOUN
fbem-28642	66	13	of	of	ADP
fbem-28642	66	14	currency	currency	NOUN
fbem-28642	66	15	increases	increase	NOUN
fbem-28642	66	16	,	,	PUNCT
fbem-28642	66	17	euro	euro	NOUN
fbem-28642	66	18	appreciate	appreciate	VERB
fbem-28642	66	19	.	.	PUNCT
fbem-28642	67	1	2.4	2.4	NUM
fbem-28642	67	2	.	.	PUNCT
fbem-28642	68	1	the	the	DET
fbem-28642	68	2	productivity	productivity	NOUN
fbem-28642	68	3	when	when	SCONJ
fbem-28642	68	4	the	the	DET
fbem-28642	68	5	production	production	NOUN
fbem-28642	68	6	efficiency	efficiency	NOUN
fbem-28642	68	7	is	be	AUX
fbem-28642	68	8	improved	improve	VERB
fbem-28642	68	9	,	,	PUNCT
fbem-28642	68	10	saving	save	VERB
fbem-28642	68	11	the	the	DET
fbem-28642	68	12	unit	unit	NOUN
fbem-28642	68	13	cost	cost	NOUN
fbem-28642	68	14	of	of	ADP
fbem-28642	68	15	production	production	NOUN
fbem-28642	68	16	will	will	AUX
fbem-28642	68	17	lower	lower	VERB
fbem-28642	68	18	the	the	DET
fbem-28642	68	19	export	export	NOUN
fbem-28642	68	20	price	price	NOUN
fbem-28642	68	21	.	.	PUNCT
fbem-28642	69	1	therefore	therefore	ADV
fbem-28642	69	2	,	,	PUNCT
fbem-28642	69	3	the	the	DET
fbem-28642	69	4	price	price	NOUN
fbem-28642	69	5	competitiveness	competitiveness	NOUN
fbem-28642	69	6	will	will	AUX
fbem-28642	69	7	be	be	AUX
fbem-28642	69	8	enhanced	enhance	VERB
fbem-28642	69	9	,	,	PUNCT
fbem-28642	69	10	the	the	DET
fbem-28642	69	11	export	export	NOUN
fbem-28642	69	12	will	will	AUX
fbem-28642	69	13	increase	increase	VERB
fbem-28642	69	14	,	,	PUNCT
fbem-28642	69	15	and	and	CCONJ
fbem-28642	69	16	the	the	DET
fbem-28642	69	17	net	net	ADJ
fbem-28642	69	18	trade	trade	NOUN
fbem-28642	69	19	balance	balance	NOUN
fbem-28642	69	20	will	will	AUX
fbem-28642	69	21	be	be	AUX
fbem-28642	69	22	improved	improve	VERB
fbem-28642	69	23	resulting	result	VERB
fbem-28642	69	24	395	395	NUM
fbem-28642	69	25	in	in	ADP
fbem-28642	69	26	euro	euro	NOUN
fbem-28642	69	27	appreciation	appreciation	NOUN
fbem-28642	69	28	2.5	2.5	NUM
fbem-28642	69	29	.	.	PUNCT
fbem-28642	70	1	the	the	DET
fbem-28642	70	2	protectionism	protectionism	NOUN
fbem-28642	70	3	protectionism	protectionism	NOUN
fbem-28642	70	4	is	be	AUX
fbem-28642	70	5	an	an	DET
fbem-28642	70	6	economic	economic	ADJ
fbem-28642	70	7	policy	policy	NOUN
fbem-28642	70	8	that	that	PRON
fbem-28642	70	9	seeks	seek	VERB
fbem-28642	70	10	to	to	PART
fbem-28642	70	11	protect	protect	VERB
fbem-28642	70	12	domestic	domestic	ADJ
fbem-28642	70	13	industries	industry	NOUN
fbem-28642	70	14	from	from	ADP
fbem-28642	70	15	foreign	foreign	ADJ
fbem-28642	70	16	competition	competition	NOUN
fbem-28642	70	17	by	by	ADP
fbem-28642	70	18	restricting	restrict	VERB
fbem-28642	70	19	imports	import	NOUN
fbem-28642	70	20	and	and	CCONJ
fbem-28642	70	21	providing	provide	VERB
fbem-28642	70	22	preferences	preference	NOUN
fbem-28642	70	23	for	for	ADP
fbem-28642	70	24	domestic	domestic	ADJ
fbem-28642	70	25	goods	good	NOUN
fbem-28642	70	26	.	.	PUNCT
fbem-28642	71	1	its	its	PRON
fbem-28642	71	2	core	core	ADJ
fbem-28642	71	3	idea	idea	NOUN
fbem-28642	71	4	is	be	AUX
fbem-28642	71	5	to	to	PART
fbem-28642	71	6	restrict	restrict	VERB
fbem-28642	71	7	the	the	DET
fbem-28642	71	8	import	import	NOUN
fbem-28642	71	9	of	of	ADP
fbem-28642	71	10	foreign	foreign	ADJ
fbem-28642	71	11	goods	good	NOUN
fbem-28642	71	12	by	by	ADP
fbem-28642	71	13	various	various	ADJ
fbem-28642	71	14	means	mean	NOUN
fbem-28642	71	15	in	in	ADP
fbem-28642	71	16	order	order	NOUN
fbem-28642	71	17	to	to	PART
fbem-28642	71	18	protect	protect	VERB
fbem-28642	71	19	domestic	domestic	ADJ
fbem-28642	71	20	industries	industry	NOUN
fbem-28642	71	21	from	from	ADP
fbem-28642	71	22	competitive	competitive	ADJ
fbem-28642	71	23	pressure	pressure	NOUN
fbem-28642	71	24	,	,	PUNCT
fbem-28642	71	25	thus	thus	ADV
fbem-28642	71	26	safeguarding	safeguard	VERB
fbem-28642	71	27	domestic	domestic	ADJ
fbem-28642	71	28	employment	employment	NOUN
fbem-28642	71	29	and	and	CCONJ
fbem-28642	71	30	market	market	NOUN
fbem-28642	71	31	stability	stability	NOUN
fbem-28642	71	32	.	.	PUNCT
fbem-28642	72	1	take	take	VERB
fbem-28642	72	2	the	the	DET
fbem-28642	72	3	tariff	tariff	NOUN
fbem-28642	72	4	for	for	ADP
fbem-28642	72	5	example	example	NOUN
fbem-28642	72	6	,	,	PUNCT
fbem-28642	72	7	if	if	SCONJ
fbem-28642	72	8	the	the	DET
fbem-28642	72	9	eu	eu	PROPN
fbem-28642	72	10	adopts	adopt	VERB
fbem-28642	72	11	a	a	DET
fbem-28642	72	12	tariff	tariff	NOUN
fbem-28642	72	13	,	,	PUNCT
fbem-28642	72	14	other	other	ADJ
fbem-28642	72	15	countries	country	NOUN
fbem-28642	72	16	will	will	AUX
fbem-28642	72	17	have	have	VERB
fbem-28642	72	18	to	to	PART
fbem-28642	72	19	charge	charge	VERB
fbem-28642	72	20	a	a	DET
fbem-28642	72	21	higher	high	ADJ
fbem-28642	72	22	price	price	NOUN
fbem-28642	72	23	for	for	ADP
fbem-28642	72	24	their	their	PRON
fbem-28642	72	25	imports	import	NOUN
fbem-28642	72	26	into	into	ADP
fbem-28642	72	27	the	the	DET
fbem-28642	72	28	eu	eu	PROPN
fbem-28642	72	29	.	.	PROPN
fbem-28642	72	30	therefore	therefore	ADV
fbem-28642	72	31	,	,	PUNCT
fbem-28642	72	32	the	the	DET
fbem-28642	72	33	eu	eu	PROPN
fbem-28642	72	34	will	will	AUX
fbem-28642	72	35	be	be	AUX
fbem-28642	72	36	much	much	ADV
fbem-28642	72	37	less	less	ADV
fbem-28642	72	38	likely	likely	ADJ
fbem-28642	72	39	to	to	PART
fbem-28642	72	40	import	import	VERB
fbem-28642	72	41	other	other	ADJ
fbem-28642	72	42	countries	country	NOUN
fbem-28642	72	43	'	'	PART
fbem-28642	72	44	goods	good	NOUN
fbem-28642	72	45	,	,	PUNCT
fbem-28642	72	46	which	which	PRON
fbem-28642	72	47	will	will	AUX
fbem-28642	72	48	inhibit	inhibit	VERB
fbem-28642	72	49	imports	import	NOUN
fbem-28642	72	50	and	and	CCONJ
fbem-28642	72	51	result	result	VERB
fbem-28642	72	52	in	in	ADP
fbem-28642	72	53	more	more	ADJ
fbem-28642	72	54	exports	export	NOUN
fbem-28642	72	55	and	and	CCONJ
fbem-28642	72	56	less	less	ADJ
fbem-28642	72	57	imports	import	NOUN
fbem-28642	72	58	.	.	PUNCT
fbem-28642	73	1	improve	improve	VERB
fbem-28642	73	2	the	the	DET
fbem-28642	73	3	net	net	ADJ
fbem-28642	73	4	trade	trade	NOUN
fbem-28642	73	5	balance	balance	NOUN
fbem-28642	73	6	,	,	PUNCT
fbem-28642	73	7	euro	euro	PROPN
fbem-28642	73	8	maybe	maybe	ADV
fbem-28642	73	9	appreciated	appreciate	VERB
fbem-28642	73	10	.	.	PUNCT
fbem-28642	74	1	3	3	X
fbem-28642	74	2	.	.	X
fbem-28642	74	3	influencing	influence	VERB
fbem-28642	74	4	factors	factor	NOUN
fbem-28642	74	5	of	of	ADP
fbem-28642	74	6	currency	currency	NOUN
fbem-28642	74	7	demand	demand	NOUN
fbem-28642	74	8	and	and	CCONJ
fbem-28642	74	9	their	their	PRON
fbem-28642	74	10	impact	impact	NOUN
fbem-28642	74	11	on	on	ADP
fbem-28642	74	12	the	the	DET
fbem-28642	74	13	euro	euro	PROPN
fbem-28642	74	14	exchange	exchange	NOUN
fbem-28642	74	15	rate	rate	NOUN
fbem-28642	74	16	the	the	DET
fbem-28642	74	17	market	market	NOUN
fbem-28642	74	18	supply	supply	NOUN
fbem-28642	74	19	and	and	CCONJ
fbem-28642	74	20	demand	demand	NOUN
fbem-28642	74	21	relationship	relationship	NOUN
fbem-28642	74	22	are	be	AUX
fbem-28642	74	23	one	one	NUM
fbem-28642	74	24	of	of	ADP
fbem-28642	74	25	the	the	DET
fbem-28642	74	26	important	important	ADJ
fbem-28642	74	27	factors	factor	NOUN
fbem-28642	74	28	affecting	affect	VERB
fbem-28642	74	29	exchange	exchange	NOUN
fbem-28642	74	30	rate	rate	NOUN
fbem-28642	74	31	fluctuations	fluctuation	NOUN
fbem-28642	74	32	.	.	PUNCT
fbem-28642	75	1	when	when	SCONJ
fbem-28642	75	2	the	the	DET
fbem-28642	75	3	demand	demand	NOUN
fbem-28642	75	4	for	for	ADP
fbem-28642	75	5	money	money	NOUN
fbem-28642	75	6	exceeds	exceed	VERB
fbem-28642	75	7	the	the	DET
fbem-28642	75	8	supply	supply	NOUN
fbem-28642	75	9	,	,	PUNCT
fbem-28642	75	10	the	the	DET
fbem-28642	75	11	supply	supply	NOUN
fbem-28642	75	12	is	be	AUX
fbem-28642	75	13	insufficient	insufficient	ADJ
fbem-28642	75	14	,	,	PUNCT
fbem-28642	75	15	and	and	CCONJ
fbem-28642	75	16	the	the	DET
fbem-28642	75	17	currency	currency	NOUN
fbem-28642	75	18	value	value	NOUN
fbem-28642	75	19	will	will	AUX
fbem-28642	75	20	rise	rise	VERB
fbem-28642	75	21	,	,	PUNCT
fbem-28642	75	22	that	that	ADV
fbem-28642	75	23	is	is	ADV
fbem-28642	75	24	,	,	PUNCT
fbem-28642	75	25	the	the	DET
fbem-28642	75	26	exchange	exchange	NOUN
fbem-28642	75	27	rate	rate	NOUN
fbem-28642	75	28	will	will	AUX
fbem-28642	75	29	rise	rise	VERB
fbem-28642	75	30	.	.	PUNCT
fbem-28642	76	1	other	other	ADJ
fbem-28642	76	2	relevant	relevant	ADJ
fbem-28642	76	3	literature	literature	NOUN
fbem-28642	76	4	believes	believe	VERB
fbem-28642	76	5	that	that	SCONJ
fbem-28642	76	6	currency	currency	NOUN
fbem-28642	76	7	internationalization	internationalization	NOUN
fbem-28642	76	8	can	can	AUX
fbem-28642	76	9	bring	bring	VERB
fbem-28642	76	10	lower	low	ADJ
fbem-28642	76	11	transaction	transaction	NOUN
fbem-28642	76	12	costs	cost	NOUN
fbem-28642	76	13	and	and	CCONJ
fbem-28642	76	14	exchange	exchange	NOUN
fbem-28642	76	15	rate	rate	NOUN
fbem-28642	76	16	risks	risk	NOUN
fbem-28642	76	17	,	,	PUNCT
fbem-28642	76	18	and	and	CCONJ
fbem-28642	76	19	improve	improve	VERB
fbem-28642	76	20	the	the	DET
fbem-28642	76	21	ability	ability	NOUN
fbem-28642	76	22	to	to	PART
fbem-28642	76	23	issue	issue	VERB
fbem-28642	76	24	international	international	ADJ
fbem-28642	76	25	debt	debt	NOUN
fbem-28642	76	26	.	.	PUNCT
fbem-28642	77	1	however	however	ADV
fbem-28642	77	2	,	,	PUNCT
fbem-28642	77	3	due	due	ADP
fbem-28642	77	4	to	to	ADP
fbem-28642	77	5	potential	potential	ADJ
fbem-28642	77	6	volatility	volatility	NOUN
fbem-28642	77	7	,	,	PUNCT
fbem-28642	77	8	substantial	substantial	ADJ
fbem-28642	77	9	changes	change	NOUN
fbem-28642	77	10	in	in	ADP
fbem-28642	77	11	portfolio	portfolio	NOUN
fbem-28642	77	12	liquidity	liquidity	NOUN
fbem-28642	77	13	will	will	AUX
fbem-28642	77	14	increase	increase	VERB
fbem-28642	77	15	,	,	PUNCT
fbem-28642	77	16	which	which	PRON
fbem-28642	77	17	will	will	AUX
fbem-28642	77	18	complicate	complicate	VERB
fbem-28642	77	19	currency	currency	NOUN
fbem-28642	77	20	management	management	NOUN
fbem-28642	77	21	and	and	CCONJ
fbem-28642	77	22	weaken	weaken	VERB
fbem-28642	77	23	the	the	DET
fbem-28642	77	24	effectiveness	effectiveness	NOUN
fbem-28642	77	25	of	of	ADP
fbem-28642	77	26	central	central	ADJ
fbem-28642	77	27	bank	bank	NOUN
fbem-28642	77	28	monetary	monetary	ADJ
fbem-28642	77	29	policies	policy	NOUN
fbem-28642	78	1	[	[	X
fbem-28642	78	2	6,7	6,7	NUM
fbem-28642	78	3	]	]	PUNCT
fbem-28642	78	4	.	.	PUNCT
fbem-28642	79	1	3.1	3.1	NUM
fbem-28642	79	2	.	.	PUNCT
fbem-28642	79	3	monetary	monetary	ADJ
fbem-28642	79	4	policy	policy	NOUN
fbem-28642	79	5	monetary	monetary	ADJ
fbem-28642	79	6	policy	policy	NOUN
fbem-28642	79	7	can	can	AUX
fbem-28642	79	8	be	be	AUX
fbem-28642	79	9	divided	divide	VERB
fbem-28642	79	10	into	into	ADP
fbem-28642	79	11	money	money	NOUN
fbem-28642	79	12	supply	supply	NOUN
fbem-28642	79	13	,	,	PUNCT
fbem-28642	79	14	interest	interest	NOUN
fbem-28642	79	15	rate	rate	NOUN
fbem-28642	79	16	and	and	CCONJ
fbem-28642	79	17	exchange	exchange	NOUN
fbem-28642	79	18	rate	rate	NOUN
fbem-28642	79	19	,	,	PUNCT
fbem-28642	79	20	among	among	ADP
fbem-28642	79	21	which	which	PRON
fbem-28642	79	22	interest	interest	NOUN
fbem-28642	79	23	rate	rate	NOUN
fbem-28642	79	24	and	and	CCONJ
fbem-28642	79	25	exchange	exchange	NOUN
fbem-28642	79	26	rate	rate	NOUN
fbem-28642	79	27	can	can	AUX
fbem-28642	79	28	increase	increase	VERB
fbem-28642	79	29	or	or	CCONJ
fbem-28642	79	30	decrease	decrease	VERB
fbem-28642	79	31	.	.	PUNCT
fbem-28642	80	1	when	when	SCONJ
fbem-28642	80	2	the	the	DET
fbem-28642	80	3	european	european	PROPN
fbem-28642	80	4	central	central	PROPN
fbem-28642	80	5	bank	bank	PROPN
fbem-28642	80	6	cuts	cut	VERB
fbem-28642	80	7	interest	interest	NOUN
fbem-28642	80	8	rates	rate	NOUN
fbem-28642	80	9	,	,	PUNCT
fbem-28642	80	10	investors	investor	NOUN
fbem-28642	80	11	who	who	PRON
fbem-28642	80	12	deposit	deposit	VERB
fbem-28642	80	13	funds	fund	NOUN
fbem-28642	80	14	in	in	ADP
fbem-28642	80	15	the	the	DET
fbem-28642	80	16	european	european	PROPN
fbem-28642	80	17	union	union	PROPN
fbem-28642	80	18	will	will	AUX
fbem-28642	80	19	receive	receive	VERB
fbem-28642	80	20	attractive	attractive	ADJ
fbem-28642	80	21	returns	return	NOUN
fbem-28642	80	22	from	from	ADP
fbem-28642	80	23	the	the	DET
fbem-28642	80	24	eu	eu	PROPN
fbem-28642	80	25	,	,	PUNCT
fbem-28642	80	26	and	and	CCONJ
fbem-28642	80	27	then	then	ADV
fbem-28642	80	28	they	they	PRON
fbem-28642	80	29	are	be	AUX
fbem-28642	80	30	unlikely	unlikely	ADJ
fbem-28642	80	31	to	to	PART
fbem-28642	80	32	use	use	VERB
fbem-28642	80	33	the	the	DET
fbem-28642	80	34	euro	euro	NOUN
fbem-28642	80	35	.	.	PUNCT
fbem-28642	81	1	as	as	ADP
fbem-28642	81	2	a	a	DET
fbem-28642	81	3	result	result	NOUN
fbem-28642	81	4	,	,	PUNCT
fbem-28642	81	5	the	the	DET
fbem-28642	81	6	demand	demand	NOUN
fbem-28642	81	7	for	for	ADP
fbem-28642	81	8	currency	currency	NOUN
fbem-28642	81	9	will	will	AUX
fbem-28642	81	10	decrease	decrease	VERB
fbem-28642	81	11	,	,	PUNCT
fbem-28642	81	12	and	and	CCONJ
fbem-28642	81	13	the	the	DET
fbem-28642	81	14	euro	euro	PROPN
fbem-28642	81	15	exchange	exchange	NOUN
fbem-28642	81	16	rate	rate	NOUN
fbem-28642	81	17	will	will	AUX
fbem-28642	81	18	depreciate	depreciate	VERB
fbem-28642	81	19	.	.	PUNCT
fbem-28642	82	1	3.2	3.2	NUM
fbem-28642	82	2	.	.	PUNCT
fbem-28642	83	1	keynes	keynes	PROPN
fbem-28642	83	2	and	and	CCONJ
fbem-28642	83	3	cambridge	cambridge	PROPN
fbem-28642	83	4	equations	equation	NOUN
fbem-28642	83	5	in	in	ADP
fbem-28642	83	6	the	the	DET
fbem-28642	83	7	study	study	NOUN
fbem-28642	83	8	of	of	ADP
fbem-28642	83	9	the	the	DET
fbem-28642	83	10	demand	demand	NOUN
fbem-28642	83	11	for	for	ADP
fbem-28642	83	12	money	money	NOUN
fbem-28642	83	13	,	,	PUNCT
fbem-28642	83	14	keynes	keynes	PROPN
fbem-28642	83	15	's	's	PART
fbem-28642	83	16	theory	theory	NOUN
fbem-28642	83	17	of	of	ADP
fbem-28642	83	18	liquidity	liquidity	NOUN
fbem-28642	83	19	preference	preference	NOUN
fbem-28642	83	20	expresses	express	VERB
fbem-28642	83	21	"	"	PUNCT
fbem-28642	83	22	the	the	DET
fbem-28642	83	23	desire	desire	NOUN
fbem-28642	83	24	to	to	PART
fbem-28642	83	25	keep	keep	VERB
fbem-28642	83	26	a	a	DET
fbem-28642	83	27	portion	portion	NOUN
fbem-28642	83	28	of	of	ADP
fbem-28642	83	29	wealth	wealth	NOUN
fbem-28642	83	30	in	in	ADP
fbem-28642	83	31	the	the	DET
fbem-28642	83	32	form	form	NOUN
fbem-28642	83	33	of	of	ADP
fbem-28642	83	34	money	money	NOUN
fbem-28642	83	35	.	.	PUNCT
fbem-28642	83	36	"	"	PUNCT
fbem-28642	84	1	the	the	DET
fbem-28642	84	2	currency	currency	NOUN
fbem-28642	84	3	demand	demand	NOUN
fbem-28642	84	4	of	of	ADP
fbem-28642	84	5	a	a	DET
fbem-28642	84	6	country	country	NOUN
fbem-28642	84	7	depends	depend	VERB
fbem-28642	84	8	on	on	ADP
fbem-28642	84	9	its	its	PRON
fbem-28642	84	10	national	national	ADJ
fbem-28642	84	11	income	income	NOUN
fbem-28642	84	12	level	level	NOUN
fbem-28642	84	13	.	.	PUNCT
fbem-28642	85	1	in	in	ADP
fbem-28642	85	2	the	the	DET
fbem-28642	85	3	belt	belt	NOUN
fbem-28642	85	4	and	and	CCONJ
fbem-28642	85	5	road	road	NOUN
fbem-28642	85	6	cross	cross	ADJ
fbem-28642	85	7	-	-	ADJ
fbem-28642	85	8	border	border	ADJ
fbem-28642	85	9	trade	trade	NOUN
fbem-28642	85	10	,	,	PUNCT
fbem-28642	85	11	the	the	DET
fbem-28642	85	12	currency	currency	NOUN
fbem-28642	85	13	demand	demand	NOUN
fbem-28642	85	14	is	be	AUX
fbem-28642	85	15	also	also	ADV
fbem-28642	85	16	closely	closely	ADV
fbem-28642	85	17	related	relate	VERB
fbem-28642	85	18	to	to	ADP
fbem-28642	85	19	the	the	DET
fbem-28642	85	20	scale	scale	NOUN
fbem-28642	85	21	of	of	ADP
fbem-28642	85	22	cross	cross	ADJ
fbem-28642	85	23	-	-	ADJ
fbem-28642	85	24	border	border	ADJ
fbem-28642	85	25	currency	currency	NOUN
fbem-28642	85	26	receipt	receipt	NOUN
fbem-28642	85	27	and	and	CCONJ
fbem-28642	85	28	payment	payment	NOUN
fbem-28642	85	29	,	,	PUNCT
fbem-28642	85	30	which	which	PRON
fbem-28642	85	31	can	can	AUX
fbem-28642	85	32	be	be	AUX
fbem-28642	85	33	expressed	express	VERB
fbem-28642	85	34	as	as	ADP
fbem-28642	85	35	:	:	PUNCT
fbem-28642	85	36	d	d	X
fbem-28642	85	37	(	(	PUNCT
fbem-28642	85	38	ir	ir	PROPN
fbem-28642	85	39	'	'	NUM
fbem-28642	85	40	,	,	PUNCT
fbem-28642	85	41	i	i	PRON
fbem-28642	85	42	,	,	PUNCT
fbem-28642	85	43	s	s	PROPN
fbem-28642	85	44	,	,	PUNCT
fbem-28642	85	45	ir	ir	NOUN
fbem-28642	85	46	)	)	PUNCT
fbem-28642	86	1	=	=	NOUN
fbem-28642	86	2	d	d	PROPN
fbem-28642	86	3	(	(	PUNCT
fbem-28642	86	4	ir	ir	PROPN
fbem-28642	86	5	'	'	NUM
fbem-28642	86	6	,	,	PUNCT
fbem-28642	86	7	i	i	NOUN
fbem-28642	86	8	)	)	PUNCT
fbem-28642	87	1	+	+	NOUN
fbem-28642	87	2	d	d	PROPN
fbem-28642	87	3	(	(	PUNCT
fbem-28642	87	4	ir	ir	PROPN
fbem-28642	87	5	,	,	PUNCT
fbem-28642	87	6	s	s	PART
fbem-28642	87	7	)	)	PUNCT
fbem-28642	87	8	(	(	PUNCT
fbem-28642	87	9	5	5	X
fbem-28642	87	10	)	)	PUNCT
fbem-28642	87	11	d	d	NOUN
fbem-28642	87	12	(	(	PUNCT
fbem-28642	87	13	ir	ir	PROPN
fbem-28642	87	14	,	,	PUNCT
fbem-28642	87	15	s	s	PART
fbem-28642	87	16	)	)	PUNCT
fbem-28642	87	17	=	=	NOUN
fbem-28642	87	18	ks+k	ks+k	X
fbem-28642	87	19	'	'	PUNCT
fbem-28642	87	20	ir	ir	X
fbem-28642	87	21	(	(	PUNCT
fbem-28642	87	22	6	6	NUM
fbem-28642	87	23	)	)	PUNCT
fbem-28642	87	24	among	among	ADP
fbem-28642	87	25	them	they	PRON
fbem-28642	87	26	,	,	PUNCT
fbem-28642	87	27	ir	ir	PROPN
fbem-28642	87	28	'	'	PUNCT
fbem-28642	87	29	represents	represent	VERB
fbem-28642	87	30	the	the	DET
fbem-28642	87	31	domestic	domestic	ADJ
fbem-28642	87	32	interest	interest	NOUN
fbem-28642	87	33	rates	rate	NOUN
fbem-28642	87	34	of	of	ADP
fbem-28642	87	35	other	other	ADJ
fbem-28642	87	36	countries	country	NOUN
fbem-28642	87	37	,	,	PUNCT
fbem-28642	87	38	i	i	PRON
fbem-28642	87	39	represent	represent	VERB
fbem-28642	87	40	the	the	DET
fbem-28642	87	41	national	national	ADJ
fbem-28642	87	42	income	income	NOUN
fbem-28642	87	43	level	level	NOUN
fbem-28642	87	44	of	of	ADP
fbem-28642	87	45	other	other	ADJ
fbem-28642	87	46	countries	country	NOUN
fbem-28642	87	47	,	,	PUNCT
fbem-28642	87	48	s	s	X
fbem-28642	87	49	represents	represent	VERB
fbem-28642	87	50	the	the	DET
fbem-28642	87	51	scale	scale	NOUN
fbem-28642	87	52	of	of	ADP
fbem-28642	87	53	domestic	domestic	ADJ
fbem-28642	87	54	euro	euro	PROPN
fbem-28642	87	55	settlement	settlement	NOUN
fbem-28642	87	56	,	,	PUNCT
fbem-28642	87	57	ir	ir	PROPN
fbem-28642	87	58	represents	represent	VERB
fbem-28642	87	59	the	the	DET
fbem-28642	87	60	domestic	domestic	ADJ
fbem-28642	87	61	euro	euro	PROPN
fbem-28642	87	62	exchange	exchange	NOUN
fbem-28642	87	63	rate	rate	NOUN
fbem-28642	87	64	,	,	PUNCT
fbem-28642	87	65	k	k	PROPN
fbem-28642	87	66	represents	represent	VERB
fbem-28642	87	67	the	the	DET
fbem-28642	87	68	response	response	NOUN
fbem-28642	87	69	coefficient	coefficient	NOUN
fbem-28642	87	70	of	of	ADP
fbem-28642	87	71	euro	euro	PROPN
fbem-28642	87	72	settlement	settlement	NOUN
fbem-28642	87	73	to	to	ADP
fbem-28642	87	74	currency	currency	NOUN
fbem-28642	87	75	demand	demand	NOUN
fbem-28642	87	76	,	,	PUNCT
fbem-28642	87	77	and	and	CCONJ
fbem-28642	87	78	k	k	X
fbem-28642	87	79	'	'	PUNCT
fbem-28642	87	80	represents	represent	VERB
fbem-28642	87	81	the	the	DET
fbem-28642	87	82	response	response	NOUN
fbem-28642	87	83	coefficient	coefficient	NOUN
fbem-28642	87	84	of	of	ADP
fbem-28642	87	85	real	real	ADJ
fbem-28642	87	86	interest	interest	NOUN
fbem-28642	87	87	rate	rate	NOUN
fbem-28642	87	88	changes	change	NOUN
fbem-28642	87	89	to	to	ADP
fbem-28642	87	90	currency	currency	NOUN
fbem-28642	87	91	demand	demand	NOUN
fbem-28642	87	92	.	.	PUNCT
fbem-28642	88	1	later	later	ADV
fbem-28642	88	2	,	,	PUNCT
fbem-28642	88	3	the	the	DET
fbem-28642	88	4	cambridge	cambridge	PROPN
fbem-28642	88	5	school	school	PROPN
fbem-28642	88	6	,	,	PUNCT
fbem-28642	88	7	represented	represent	VERB
fbem-28642	88	8	by	by	ADP
fbem-28642	88	9	marshall	marshall	PROPN
fbem-28642	88	10	and	and	CCONJ
fbem-28642	88	11	pigou	pigou	PROPN
fbem-28642	88	12	,	,	PUNCT
fbem-28642	88	13	proposed	propose	VERB
fbem-28642	88	14	one	one	NUM
fbem-28642	88	15	of	of	ADP
fbem-28642	88	16	the	the	DET
fbem-28642	88	17	traditional	traditional	ADJ
fbem-28642	88	18	equations	equation	NOUN
fbem-28642	88	19	for	for	ADP
fbem-28642	88	20	the	the	DET
fbem-28642	88	21	quantity	quantity	NOUN
fbem-28642	88	22	of	of	ADP
fbem-28642	88	23	money	money	NOUN
fbem-28642	88	24	.	.	PUNCT
fbem-28642	89	1	the	the	DET
fbem-28642	89	2	cambridge	cambridge	PROPN
fbem-28642	89	3	equation	equation	NOUN
fbem-28642	89	4	indicates	indicate	VERB
fbem-28642	89	5	that	that	SCONJ
fbem-28642	89	6	there	there	PRON
fbem-28642	89	7	is	be	VERB
fbem-28642	89	8	always	always	ADV
fbem-28642	89	9	a	a	DET
fbem-28642	89	10	relatively	relatively	ADV
fbem-28642	89	11	stable	stable	ADJ
fbem-28642	89	12	proportional	proportional	ADJ
fbem-28642	89	13	relationship	relationship	NOUN
fbem-28642	89	14	between	between	ADP
fbem-28642	89	15	nominal	nominal	ADJ
fbem-28642	89	16	money	money	NOUN
fbem-28642	89	17	demand	demand	NOUN
fbem-28642	89	18	and	and	CCONJ
fbem-28642	89	19	nominal	nominal	ADJ
fbem-28642	89	20	income	income	NOUN
fbem-28642	89	21	,	,	PUNCT
fbem-28642	89	22	which	which	PRON
fbem-28642	89	23	can	can	AUX
fbem-28642	89	24	be	be	AUX
fbem-28642	89	25	expressed	express	VERB
fbem-28642	89	26	as	as	ADP
fbem-28642	89	27	:	:	PUNCT
fbem-28642	89	28	m	m	PROPN
fbem-28642	89	29	=	=	ADJ
fbem-28642	89	30	kpy	kpy	X
fbem-28642	89	31	(	(	PUNCT
fbem-28642	89	32	7	7	NUM
fbem-28642	89	33	)	)	PUNCT
fbem-28642	89	34	where	where	SCONJ
fbem-28642	89	35	py	py	PROPN
fbem-28642	89	36	is	be	AUX
fbem-28642	89	37	nominal	nominal	ADJ
fbem-28642	89	38	income	income	NOUN
fbem-28642	89	39	and	and	CCONJ
fbem-28642	89	40	k	k	PROPN
fbem-28642	89	41	is	be	AUX
fbem-28642	89	42	the	the	DET
fbem-28642	89	43	ratio	ratio	NOUN
fbem-28642	89	44	of	of	ADP
fbem-28642	89	45	cash	cash	NOUN
fbem-28642	89	46	to	to	ADP
fbem-28642	89	47	nominal	nominal	ADJ
fbem-28642	89	48	income	income	NOUN
fbem-28642	89	49	.	.	PUNCT
fbem-28642	90	1	4	4	X
fbem-28642	90	2	.	.	X
fbem-28642	90	3	conclusion	conclusion	NOUN
fbem-28642	90	4	inflation	inflation	NOUN
fbem-28642	90	5	,	,	PUNCT
fbem-28642	90	6	exchange	exchange	NOUN
fbem-28642	90	7	rate	rate	NOUN
fbem-28642	90	8	appreciation	appreciation	NOUN
fbem-28642	90	9	or	or	CCONJ
fbem-28642	90	10	depreciation	depreciation	NOUN
fbem-28642	90	11	,	,	PUNCT
fbem-28642	90	12	world	world	NOUN
fbem-28642	90	13	economic	economic	ADJ
fbem-28642	90	14	growth	growth	NOUN
fbem-28642	90	15	,	,	PUNCT
fbem-28642	90	16	productivity	productivity	NOUN
fbem-28642	90	17	and	and	CCONJ
fbem-28642	90	18	protectionism	protectionism	NOUN
fbem-28642	90	19	in	in	ADP
fbem-28642	90	20	the	the	DET
fbem-28642	90	21	context	context	NOUN
fbem-28642	90	22	of	of	ADP
fbem-28642	90	23	the	the	DET
fbem-28642	90	24	belt	belt	NOUN
fbem-28642	90	25	and	and	CCONJ
fbem-28642	90	26	road	road	NOUN
fbem-28642	90	27	initiative	initiative	NOUN
fbem-28642	90	28	have	have	VERB
fbem-28642	90	29	a	a	DET
fbem-28642	90	30	significant	significant	ADJ
fbem-28642	90	31	influence	influence	NOUN
fbem-28642	90	32	on	on	ADP
fbem-28642	90	33	the	the	DET
fbem-28642	90	34	balance	balance	NOUN
fbem-28642	90	35	of	of	ADP
fbem-28642	90	36	trade	trade	NOUN
fbem-28642	90	37	,	,	PUNCT
fbem-28642	90	38	which	which	PRON
fbem-28642	90	39	in	in	ADP
fbem-28642	90	40	turn	turn	NOUN
fbem-28642	90	41	contributes	contribute	VERB
fbem-28642	90	42	to	to	ADP
fbem-28642	90	43	changes	change	NOUN
fbem-28642	90	44	in	in	ADP
fbem-28642	90	45	aggregate	aggregate	ADJ
fbem-28642	90	46	demand	demand	NOUN
fbem-28642	90	47	,	,	PUNCT
fbem-28642	90	48	leading	lead	VERB
fbem-28642	90	49	to	to	ADP
fbem-28642	90	50	improved	improve	VERB
fbem-28642	90	51	or	or	CCONJ
fbem-28642	90	52	worse	bad	ADJ
fbem-28642	90	53	economic	economic	ADJ
fbem-28642	90	54	growth	growth	NOUN
fbem-28642	90	55	.	.	PUNCT
fbem-28642	91	1	improvements	improvement	NOUN
fbem-28642	91	2	or	or	CCONJ
fbem-28642	91	3	deteriorations	deterioration	NOUN
fbem-28642	91	4	in	in	ADP
fbem-28642	91	5	economic	economic	ADJ
fbem-28642	91	6	growth	growth	NOUN
fbem-28642	91	7	can	can	AUX
fbem-28642	91	8	lead	lead	VERB
fbem-28642	91	9	to	to	ADP
fbem-28642	91	10	changes	change	NOUN
fbem-28642	91	11	in	in	ADP
fbem-28642	91	12	currency	currency	NOUN
fbem-28642	91	13	demand	demand	NOUN
fbem-28642	91	14	,	,	PUNCT
fbem-28642	91	15	resulting	result	VERB
fbem-28642	91	16	in	in	ADP
fbem-28642	91	17	an	an	DET
fbem-28642	91	18	increase	increase	NOUN
fbem-28642	91	19	or	or	CCONJ
fbem-28642	91	20	decrease	decrease	NOUN
fbem-28642	91	21	in	in	ADP
fbem-28642	91	22	exchange	exchange	NOUN
fbem-28642	91	23	rates	rate	NOUN
fbem-28642	91	24	.	.	PUNCT
fbem-28642	92	1	in	in	ADP
fbem-28642	92	2	addition	addition	NOUN
fbem-28642	92	3	,	,	PUNCT
fbem-28642	92	4	interest	interest	NOUN
fbem-28642	92	5	rates	rate	NOUN
fbem-28642	92	6	can	can	AUX
fbem-28642	92	7	also	also	ADV
fbem-28642	92	8	change	change	VERB
fbem-28642	92	9	exchange	exchange	NOUN
fbem-28642	92	10	rates	rate	NOUN
fbem-28642	92	11	in	in	ADP
fbem-28642	92	12	monetary	monetary	ADJ
fbem-28642	92	13	policy	policy	NOUN
fbem-28642	92	14	.	.	PUNCT
fbem-28642	93	1	in	in	ADP
fbem-28642	93	2	this	this	DET
fbem-28642	93	3	study	study	NOUN
fbem-28642	93	4	,	,	PUNCT
fbem-28642	93	5	how	how	SCONJ
fbem-28642	93	6	to	to	PART
fbem-28642	93	7	theoretically	theoretically	ADV
fbem-28642	93	8	enrich	enrich	VERB
fbem-28642	93	9	the	the	DET
fbem-28642	93	10	impact	impact	NOUN
fbem-28642	93	11	of	of	ADP
fbem-28642	93	12	exchange	exchange	NOUN
fbem-28642	93	13	rate	rate	NOUN
fbem-28642	93	14	fluctuations	fluctuation	NOUN
fbem-28642	93	15	,	,	PUNCT
fbem-28642	93	16	how	how	SCONJ
fbem-28642	93	17	to	to	PART
fbem-28642	93	18	more	more	ADV
fbem-28642	93	19	effectively	effectively	ADV
fbem-28642	93	20	identify	identify	VERB
fbem-28642	93	21	the	the	DET
fbem-28642	93	22	impact	impact	NOUN
fbem-28642	93	23	of	of	ADP
fbem-28642	93	24	the	the	DET
fbem-28642	93	25	belt	belt	NOUN
fbem-28642	93	26	and	and	CCONJ
fbem-28642	93	27	road	road	NOUN
fbem-28642	93	28	on	on	ADP
fbem-28642	93	29	the	the	DET
fbem-28642	93	30	fluctuation	fluctuation	NOUN
fbem-28642	93	31	of	of	ADP
fbem-28642	93	32	the	the	DET
fbem-28642	93	33	euro	euro	PROPN
fbem-28642	93	34	exchange	exchange	NOUN
fbem-28642	93	35	rate	rate	NOUN
fbem-28642	93	36	,	,	PUNCT
fbem-28642	93	37	how	how	SCONJ
fbem-28642	93	38	to	to	PART
fbem-28642	93	39	further	far	ADV
fbem-28642	93	40	improve	improve	VERB
fbem-28642	93	41	the	the	DET
fbem-28642	93	42	belt	belt	NOUN
fbem-28642	93	43	and	and	CCONJ
fbem-28642	93	44	road	road	NOUN
fbem-28642	93	45	mechanism	mechanism	NOUN
fbem-28642	93	46	,	,	PUNCT
fbem-28642	93	47	how	how	SCONJ
fbem-28642	93	48	to	to	PART
fbem-28642	93	49	propose	propose	VERB
fbem-28642	93	50	an	an	DET
fbem-28642	93	51	effective	effective	ADJ
fbem-28642	93	52	path	path	NOUN
fbem-28642	93	53	to	to	PART
fbem-28642	93	54	maintain	maintain	VERB
fbem-28642	93	55	the	the	DET
fbem-28642	93	56	stability	stability	NOUN
fbem-28642	93	57	of	of	ADP
fbem-28642	93	58	the	the	DET
fbem-28642	93	59	euro	euro	PROPN
fbem-28642	93	60	exchange	exchange	NOUN
fbem-28642	93	61	rate	rate	NOUN
fbem-28642	93	62	,	,	PUNCT
fbem-28642	93	63	and	and	CCONJ
fbem-28642	93	64	how	how	SCONJ
fbem-28642	93	65	to	to	PART
fbem-28642	93	66	obtain	obtain	VERB
fbem-28642	93	67	more	more	ADV
fbem-28642	93	68	effective	effective	ADJ
fbem-28642	93	69	,	,	PUNCT
fbem-28642	93	70	comprehensive	comprehensive	ADJ
fbem-28642	93	71	and	and	CCONJ
fbem-28642	93	72	real	real	ADJ
fbem-28642	93	73	data	datum	NOUN
fbem-28642	93	74	all	all	PRON
fbem-28642	93	75	need	need	VERB
fbem-28642	93	76	to	to	PART
fbem-28642	93	77	be	be	AUX
fbem-28642	93	78	improved	improve	VERB
fbem-28642	93	79	.	.	PUNCT
fbem-28642	94	1	in	in	ADP
fbem-28642	94	2	the	the	DET
fbem-28642	94	3	future	future	NOUN
fbem-28642	94	4	,	,	PUNCT
fbem-28642	94	5	we	we	PRON
fbem-28642	94	6	can	can	AUX
fbem-28642	94	7	focus	focus	VERB
fbem-28642	94	8	on	on	ADP
fbem-28642	94	9	the	the	DET
fbem-28642	94	10	construction	construction	NOUN
fbem-28642	94	11	of	of	ADP
fbem-28642	94	12	research	research	NOUN
fbem-28642	94	13	hypotheses	hypothesis	NOUN
fbem-28642	94	14	and	and	CCONJ
fbem-28642	94	15	theoretical	theoretical	ADJ
fbem-28642	94	16	models	model	NOUN
fbem-28642	94	17	.	.	PUNCT
fbem-28642	95	1	acknowledgment	acknowledgment	NOUN
fbem-28642	95	2	upon	upon	SCONJ
fbem-28642	95	3	the	the	DET
fbem-28642	95	4	completion	completion	NOUN
fbem-28642	95	5	of	of	ADP
fbem-28642	95	6	the	the	DET
fbem-28642	95	7	thesis	thesis	NOUN
fbem-28642	95	8	,	,	PUNCT
fbem-28642	95	9	i	i	PRON
fbem-28642	95	10	would	would	AUX
fbem-28642	95	11	like	like	VERB
fbem-28642	95	12	to	to	PART
fbem-28642	95	13	take	take	VERB
fbem-28642	95	14	this	this	DET
fbem-28642	95	15	opportunity	opportunity	NOUN
fbem-28642	95	16	to	to	PART
fbem-28642	95	17	express	express	VERB
fbem-28642	95	18	my	my	PRON
fbem-28642	95	19	sincere	sincere	ADJ
fbem-28642	95	20	gratitude	gratitude	NOUN
fbem-28642	95	21	to	to	ADP
fbem-28642	95	22	my	my	PRON
fbem-28642	95	23	tutor	tutor	NOUN
fbem-28642	95	24	team	team	NOUN
fbem-28642	95	25	of	of	ADP
fbem-28642	95	26	new	new	ADJ
fbem-28642	95	27	channel	channel	NOUN
fbem-28642	95	28	institution	institution	NOUN
fbem-28642	95	29	from	from	ADP
fbem-28642	95	30	hangzhou	hangzhou	PROPN
fbem-28642	95	31	,	,	PUNCT
fbem-28642	95	32	zhejiang	zhejiang	PROPN
fbem-28642	95	33	.	.	PROPN
fbem-28642	96	1	references	reference	NOUN
fbem-28642	96	2	[	[	X
fbem-28642	96	3	1	1	NUM
fbem-28642	96	4	]	]	X
fbem-28642	96	5	wang	wang	PROPN
fbem-28642	96	6	,	,	PUNCT
fbem-28642	96	7	j.	j.	PROPN
fbem-28642	96	8	(	(	PUNCT
fbem-28642	96	9	2016	2016	NUM
fbem-28642	96	10	)	)	PUNCT
fbem-28642	96	11	empirical	empirical	ADJ
fbem-28642	96	12	analysis	analysis	NOUN
fbem-28642	96	13	of	of	ADP
fbem-28642	96	14	the	the	DET
fbem-28642	96	15	impact	impact	NOUN
fbem-28642	96	16	of	of	ADP
fbem-28642	96	17	us	us	PROPN
fbem-28642	96	18	dollar	dollar	NOUN
fbem-28642	96	19	exchange	exchange	NOUN
fbem-28642	96	20	rate	rate	NOUN
fbem-28642	96	21	on	on	ADP
fbem-28642	96	22	gold	gold	ADJ
fbem-28642	96	23	price	price	NOUN
fbem-28642	96	24	.	.	PUNCT
fbem-28642	97	1	national	national	ADJ
fbem-28642	97	2	business	business	PROPN
fbem-28642	97	3	situation	situation	NOUN
fbem-28642	97	4	(	(	PUNCT
fbem-28642	97	5	economic	economic	ADJ
fbem-28642	97	6	theory	theory	NOUN
fbem-28642	97	7	research	research	NOUN
fbem-28642	97	8	)	)	PUNCT
fbem-28642	97	9	,	,	PUNCT
fbem-28642	97	10	6:80	6:80	NUM
fbem-28642	97	11	-	-	SYM
fbem-28642	97	12	81	81	NUM
fbem-28642	97	13	.	.	PUNCT
fbem-28642	98	1	[	[	X
fbem-28642	98	2	2	2	NUM
fbem-28642	98	3	]	]	SYM
fbem-28642	98	4	oi	oi	PROPN
fbem-28642	98	5	,	,	PUNCT
fbem-28642	98	6	h.	h.	PROPN
fbem-28642	98	7	,	,	PUNCT
fbem-28642	98	8	otani	otani	PROPN
fbem-28642	98	9	,	,	PUNCT
fbem-28642	98	10	a.	a.	NOUN
fbem-28642	98	11	,	,	PUNCT
fbem-28642	98	12	shirota	shirota	NOUN
fbem-28642	98	13	,	,	PUNCT
fbem-28642	98	14	t.	t.	PROPN
fbem-28642	98	15	(	(	PUNCT
fbem-28642	98	16	2004	2004	NUM
fbem-28642	98	17	)	)	PUNCT
fbem-28642	98	18	the	the	DET
fbem-28642	98	19	choice	choice	NOUN
fbem-28642	98	20	of	of	ADP
fbem-28642	98	21	invoice	invoice	ADJ
fbem-28642	98	22	currency	currency	NOUN
fbem-28642	98	23	in	in	ADP
fbem-28642	98	24	international	international	ADJ
fbem-28642	98	25	trade	trade	NOUN
fbem-28642	98	26	:	:	PUNCT
fbem-28642	98	27	implications	implication	NOUN
fbem-28642	98	28	for	for	ADP
fbem-28642	98	29	the	the	DET
fbem-28642	98	30	internationalization	internationalization	NOUN
fbem-28642	98	31	of	of	ADP
fbem-28642	98	32	the	the	DET
fbem-28642	98	33	yen	yen	NOUN
fbem-28642	98	34	.	.	PUNCT
fbem-28642	99	1	monetary	monetary	ADJ
fbem-28642	99	2	&	&	CCONJ
fbem-28642	99	3	economic	economic	ADJ
fbem-28642	99	4	studies	study	NOUN
fbem-28642	99	5	,	,	PUNCT
fbem-28642	99	6	22	22	NUM
fbem-28642	99	7	(	(	PUNCT
fbem-28642	99	8	1	1	NUM
fbem-28642	99	9	):	):	PUNCT
fbem-28642	99	10	27	27	NUM
fbem-28642	99	11	-	-	SYM
fbem-28642	99	12	63	63	NUM
fbem-28642	99	13	.	.	PUNCT
fbem-28642	100	1	[	[	X
fbem-28642	100	2	3	3	NUM
fbem-28642	100	3	]	]	X
fbem-28642	100	4	zheng	zheng	X
fbem-28642	100	5	,	,	PUNCT
fbem-28642	100	6	z.	z.	PROPN
fbem-28642	100	7	(	(	PUNCT
fbem-28642	100	8	2011	2011	NUM
fbem-28642	100	9	)	)	PUNCT
fbem-28642	100	10	study	study	NOUN
fbem-28642	100	11	on	on	ADP
fbem-28642	100	12	the	the	DET
fbem-28642	100	13	trade	trade	NOUN
fbem-28642	100	14	balance	balance	NOUN
fbem-28642	100	15	effect	effect	NOUN
fbem-28642	100	16	of	of	ADP
fbem-28642	100	17	trilateral	trilateral	ADJ
fbem-28642	100	18	exchange	exchange	NOUN
fbem-28642	100	19	rate	rate	NOUN
fbem-28642	100	20	fluctuations	fluctuation	NOUN
fbem-28642	100	21	of	of	ADP
fbem-28642	100	22	rmb	rmb	NOUN
fbem-28642	100	23	,	,	PUNCT
fbem-28642	100	24	korean	korean	PROPN
fbem-28642	100	25	won	win	VERB
fbem-28642	100	26	and	and	CCONJ
fbem-28642	100	27	us	we	PRON
fbem-28642	100	28	dollar	dollar	NOUN
fbem-28642	100	29	.	.	PUNCT
fbem-28642	101	1	statistics	statistic	NOUN
fbem-28642	101	2	and	and	CCONJ
fbem-28642	101	3	decision	decision	NOUN
fbem-28642	101	4	,	,	PUNCT
fbem-28642	101	5	22	22	NUM
fbem-28642	101	6	:	:	SYM
fbem-28642	101	7	123	123	NUM
fbem-28642	101	8	-	-	SYM
fbem-28642	101	9	124	124	NUM
fbem-28642	101	10	[	[	X
fbem-28642	101	11	4	4	NUM
fbem-28642	101	12	]	]	X
fbem-28642	101	13	walace	walace	NOUN
fbem-28642	101	14	,	,	PUNCT
fbem-28642	101	15	m.s	m.s	PROPN
fbem-28642	101	16	.	.	PROPN
fbem-28642	101	17	,	,	PUNCT
fbem-28642	101	18	warner	warner	PROPN
fbem-28642	101	19	,	,	PUNCT
fbem-28642	101	20	j.t	j.t	PROPN
fbem-28642	101	21	.	.	PROPN
fbem-28642	101	22	(	(	PUNCT
fbem-28642	101	23	1993	1993	NUM
fbem-28642	101	24	)	)	PUNCT
fbem-28642	101	25	the	the	DET
fbem-28642	101	26	fisher	fisher	PROPN
fbem-28642	101	27	effect	effect	NOUN
fbem-28642	101	28	and	and	CCONJ
fbem-28642	101	29	the	the	DET
fbem-28642	101	30	term	term	NOUN
fbem-28642	101	31	structure	structure	NOUN
fbem-28642	101	32	of	of	ADP
fbem-28642	101	33	interest	interest	NOUN
fbem-28642	101	34	rates	rate	NOUN
fbem-28642	101	35	:	:	PUNCT
fbem-28642	101	36	tests	test	NOUN
fbem-28642	101	37	of	of	ADP
fbem-28642	101	38	cointegration	cointegration	NOUN
fbem-28642	101	39	.	.	PUNCT
fbem-28642	102	1	the	the	DET
fbem-28642	102	2	review	review	NOUN
fbem-28642	102	3	of	of	ADP
fbem-28642	102	4	economics	economic	NOUN
fbem-28642	102	5	and	and	CCONJ
fbem-28642	102	6	statistics	statistic	NOUN
fbem-28642	102	7	,	,	PUNCT
fbem-28642	102	8	75(1	75(1	NUM
fbem-28642	102	9	):	):	PUNCT
fbem-28642	102	10	320	320	NUM
fbem-28642	102	11	-	-	SYM
fbem-28642	102	12	324	324	NUM
fbem-28642	102	13	.	.	PUNCT
fbem-28642	103	1	[	[	X
fbem-28642	103	2	5	5	NUM
fbem-28642	103	3	]	]	X
fbem-28642	103	4	wang	wang	PROPN
fbem-28642	103	5	,	,	PUNCT
fbem-28642	103	6	m.	m.	NOUN
fbem-28642	103	7	,	,	PUNCT
fbem-28642	103	8	zhang	zhang	PROPN
fbem-28642	103	9	,	,	PUNCT
fbem-28642	103	10	j.	j.	PROPN
fbem-28642	103	11	(	(	PUNCT
fbem-28642	103	12	2021	2021	NUM
fbem-28642	103	13	)	)	PUNCT
fbem-28642	103	14	exchange	exchange	NOUN
fbem-28642	103	15	rate	rate	NOUN
fbem-28642	103	16	regime	regime	NOUN
fbem-28642	103	17	,	,	PUNCT
fbem-28642	103	18	nominal	nominal	ADJ
fbem-28642	103	19	anchors	anchor	NOUN
fbem-28642	103	20	of	of	ADP
fbem-28642	103	21	monetary	monetary	ADJ
fbem-28642	103	22	policy	policy	NOUN
fbem-28642	103	23	and	and	CCONJ
fbem-28642	103	24	inflation	inflation	NOUN
fbem-28642	103	25	.	.	PUNCT
fbem-28642	104	1	forum	forum	PROPN
fbem-28642	104	2	of	of	ADP
fbem-28642	104	3	world	world	PROPN
fbem-28642	104	4	economics	economic	NOUN
fbem-28642	104	5	&	&	CCONJ
fbem-28642	104	6	politics	politic	NOUN
fbem-28642	104	7	,	,	PUNCT
fbem-28642	104	8	4	4	NUM
fbem-28642	104	9	:	:	SYM
fbem-28642	104	10	94	94	NUM
fbem-28642	104	11	-	-	SYM
fbem-28642	104	12	95	95	NUM
fbem-28642	104	13	.	.	PUNCT
fbem-28642	105	1	[	[	X
fbem-28642	105	2	6	6	NUM
fbem-28642	105	3	]	]	SYM
fbem-28642	105	4	li	li	PROPN
fbem-28642	105	5	,	,	PUNCT
fbem-28642	105	6	j.	j.	PROPN
fbem-28642	105	7	(	(	PUNCT
fbem-28642	105	8	2019	2019	NUM
fbem-28642	105	9	)	)	PUNCT
fbem-28642	105	10	will	will	AUX
fbem-28642	105	11	offshore	offshore	ADV
fbem-28642	105	12	rmb	rmb	VERB
fbem-28642	105	13	stock	stock	NOUN
fbem-28642	105	14	weaken	weaken	VERB
fbem-28642	105	15	the	the	DET
fbem-28642	105	16	effectiveness	effectiveness	NOUN
fbem-28642	105	17	of	of	ADP
fbem-28642	105	18	monetary	monetary	ADJ
fbem-28642	105	19	policy	policy	NOUN
fbem-28642	105	20	?	?	PUNCT
fbem-28642	106	1	an	an	DET
fbem-28642	106	2	empirical	empirical	ADJ
fbem-28642	106	3	study	study	NOUN
fbem-28642	106	4	based	base	VERB
fbem-28642	106	5	on	on	ADP
fbem-28642	106	6	overseas	overseas	ADJ
fbem-28642	106	7	rmb	rmb	PROPN
fbem-28642	106	8	stock	stock	NOUN
fbem-28642	106	9	data	datum	NOUN
fbem-28642	106	10	from	from	ADP
fbem-28642	106	11	2004	2004	NUM
fbem-28642	106	12	to	to	ADP
fbem-28642	106	13	2017	2017	NUM
fbem-28642	106	14	.	.	PUNCT
fbem-28642	107	1	financial	financial	PROPN
fbem-28642	107	2	forum	forum	PROPN
fbem-28642	107	3	,	,	PUNCT
fbem-28642	107	4	24	24	NUM
fbem-28642	107	5	(	(	PUNCT
fbem-28642	107	6	1):149	1):149	NUM
fbem-28642	107	7	.	.	PUNCT
fbem-28642	108	1	[	[	X
fbem-28642	108	2	7	7	NUM
fbem-28642	108	3	]	]	SYM
fbem-28642	108	4	mei	mei	PROPN
fbem-28642	108	5	,	,	PUNCT
fbem-28642	108	6	j.	j.	PROPN
fbem-28642	108	7	,	,	PUNCT
fbem-28642	108	8	chen	chen	PROPN
fbem-28642	108	9	,	,	PUNCT
fbem-28642	108	10	h.	h.	PROPN
fbem-28642	108	11	(	(	PUNCT
fbem-28642	108	12	2017	2017	NUM
fbem-28642	108	13	)	)	PUNCT
fbem-28642	108	14	the	the	DET
fbem-28642	108	15	impact	impact	NOUN
fbem-28642	108	16	of	of	ADP
fbem-28642	108	17	rmb	rmb	NOUN
fbem-28642	108	18	internationalization	internationalization	NOUN
fbem-28642	108	19	on	on	ADP
fbem-28642	108	20	the	the	DET
fbem-28642	108	21	effectiveness	effectiveness	NOUN
fbem-28642	108	22	of	of	ADP
fbem-28642	108	23	monetary	monetary	ADJ
fbem-28642	108	24	policy	policy	NOUN
fbem-28642	108	25	.	.	PUNCT
fbem-28642	109	1	southern	southern	ADJ
fbem-28642	109	2	economics	economics	PROPN
fbem-28642	109	3	ji	ji	PROPN
fbem-28642	109	4	,	,	PUNCT
fbem-28642	109	5	4:149	4:149	NUM
fbem-28642	109	6	.	.	PUNCT