对当前人民币汇率问题探讨（Discussion on the current RMB exchange rate）.docVIP

对当前人民币汇率问题探讨（Discussion on the current RMB exchange rate） - Abstract: the RMB exchange rate is a hot issue recently. This paper made a more comprehensive overview of the RMB exchange rate of argument, the argument is divided into three categories: the appreciation of the RMB, RMB stable theory and increase the flexibility of RMB exchange rate fluctuations on (RMB appreciation theory). This article also makes a deep reflection on some deep-seated problems behind the RMB exchange rate debate and puts forward some suggestions. Key words: RMB exchange rate; appreciation; foreign exchange reserve Preface In recent years, the issue of RMB exchange rate has become the focus of attention both at home and abroad, and the internal and external pressure of RMB appreciation has been heating up. Some domestic and international mainstream economics media, government officials and famous economists have joined the discussion of the RMB exchange rate, the RMB appreciation should Public opinions are divergent., unable to agree on which is right. There are mainly three kinds of arguments: RMB appreciation theory, RMB stability theory and RMB exchange rate floating flexibility theory (RMB moderate revaluation theory). I. appreciation of the renminbi RMB appreciation for the earlier remarks, is a August 7, 2001 British Financial Times on the Chinese cheap currency; two is to upgrade in September 6, 2001 Japanese economic news on the expectations of RMB appreciation and China threat. Then, in October 2002 Morgan chief economist Stanley Roach in the Chinese factor in the article Chinese to the world output deflation point of view, think Asian producers in todays globalization of production environment, has been able to influence the world commodity price level, Chinese economic export-oriented development strategy, with low output of goods, influence the deflation in the world is more and more big, is an important cause of global deflation. Then many Asian countries especially the Japane