資源描述：
《人民幣匯率制度固定抑或浮動(dòng)（rmb exchange rate system fixed or floating）》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在教育資源-天天文庫(kù)。
1、人民幣匯率制度固定抑或浮動(dòng)（RMBexchangeratesystemfixedorfloating）[Keywords]exchangeratesystem;;fixedexchangerate;floatingexchangerate;[text]Inrecentyears,internationaldemandforrenminbiappreciationisgrowing,fromthebeginningofthesecondhalfof2002,theJapanesefinanceministerKawamasaJu
2、rourgedChinasaltonvariousoccasionsontheexchangerateofRMBrevaluation.DuetoChineseexportshocks,someEuropeancountrieshavejoinedthecampofappreciationofthermb.InearlySeptemberofthisyear,USTreasurySecretarySnow'svisittoChinaandattendedtheAPECmeetingoffinanceministersinTha
3、iland,thedebatearoundtheRMBexchangeratehasreachedaclimax.Infact,theessenceoftheRMBexchangerateissue,notwhethertheRMBshouldberevalued,i.e.shortliftitornot,buttheRMBexchangeratesystemshouldadoptafixedexchangerateorfloatingexchangerate.Inotherwords,theexchangerateisjus
4、tthefinalresult,theexchangerateformationmechanismisthekeytotheproblem.SnowbelievesthatthefloatingexchangeratesystemisthebestchoicetoensureflexibleChinesegrowthandstability.So,isit?Comparisonofoneortwokindsofadvantagesanddisadvantagesofexchangeratesystem1.thefixedexc
5、hangeratesystemTheadvantagesofafixedexchangerateisrelativelyfixedexchangerateisconducivetotheirownaccountingandrevenue,theformationofstableearningsexpectations,orthattheinflowofforeigncapitalriskpremiumislow,whichisconducivetoattractingforeigninvestment.Theadverseef
6、fectsofthefixedexchangeratesystem,ontheonehandisnotflexibleandreflecttherelationshipbetweensupplyanddemandofforeignexchange,theexchangerateoflostorweakened;themarketexchangerateoflostorweakenedanditcannotturntoadjusttheforeignexchangesupplyanddemand,theautomaticadju
7、stmentfunctionisgreatlyreduced,soonlybygovernmentregulation.Butthegovernmentsettherateisveryobviousdrawbacks:oneisthesubjectiveinfluence,ifthegovernmentregulationcapacityisnotstrong,therewillbemajormistakes;twoisconstrainedbytheobjectivefactors,anddeterminethechange
8、srelatedtotheinterestsofallpartiesintheexchangerate,thegovernmenthadtoconsider;thethreeistocontaindifferentpolicyobjectivesandtheexchanger
