On The Choice Of International Exchange Rate Regime

The developing trend of international economic integration and so much financial crisis make the choice of exchange rate regime become a serious problem all countries are facing. On theory , fixed exchange rate regime , floating exchange rate regime and the arrangements between them are all have their own advantages and disadvantages ,so we could not select the better . Theories about choice of exchange rate regime such as theory of economic and dependent analysis could not clearly explain current phenomena , which should be changed and enhanced according to changed economic environment. All the countries should select exchange rate regimes that are fit for themselves and pay much attention to the prevention of financial crisis as well as policy cooperation. The author tries to elaborate her vision to the building of international exchange rate regime and to give a prospect. To China, the traditional US dollar-pegged exchange rate regime is problematic both in present situation and in the milieu of financial market's further opening-up . The optimal choice is the managed floating exchange rate regime. The reform of China's exchange rate regime is very forceful.Postgraduate: LiHaiYanMajor: Management of Agricultural Economy Supervisor: LiYouHua...