on the hot money inflows to chinas economy（热钱流入对中国经济）.docVIP

On the hot money inflows to China’s economy Abstract: Hot money with high yield, high information, high liquidity, high virtual sex and other characteristics, the impact of a large number of hot money into China’s monetary policy, macroeconomic fluctuations exacerbated by hot money flowing into China on the motives and scale of analysis, to further explore the impact of hot money on the Chinese economy to make relevant recommendations. Keywords: flow dynamics, macroeconomic, hot money monitoring Foreword February 17, 2011 State Administration of Foreign Exchange issued the balance of payments analysis group lt;lt;2010 China cross-border capital flows monitoring reportgt;gt; The report pointed out, such as excluding net pay in RMB, 2010, ‘hot money’ net inflow of 355 billion U.S. dollars, accounting for 7.6% of the incremental foreign exchange reserves, the official report for the first time clearly defined and statistical methods of hot money in China, although not implemented the RMB fully convertible capital, but the influx of hot money and capital are often described the circulation of there is a channel. With the surge in global trade, financial deepening (Financial Deepening the continuous reform, accelerate the process of globalization, international capital flows more and more. hot money to flow to changing the nature of fame and fortune by RMB upward pressure on U.S. interest rates and the impact of upside down in recent years, a lot of hot money into China is an indisputable fact that in this case, if a reasonable guide and control the flow of hot money and scale up to solve the shortage of domestic funds, promote the effect of economic growth, should the contrary, it will have a strong impact on China’s economy, affecting long-term stable development. In summary, there are a large number of global economic uncertainty of the present study the economic impact of hot money in China has its practical significance. First, the definition o