The RMB "Refers To A Basket Currency" Effective Exchange Rate To China Trade Payment Influence Empirical Analysis

Along with China's economic reforms open further enlargement, China's economy further fuses with other economy's contact, specially join WTO later China's foreign trade to obtain the huge development. China's reform and opening up 30 years, regardless of economic or other aspects of society-shaking changes have taken place. High-speed economy, China's total economic output, trade volume has developed into a big country, any of its economic activities will not only affect domestic economic change, and it will affect their relevant national and regional economic change. We are from the financial crisis, the performance of other countries can be seen.China's trade surplus, accumulating the surplus foreign exchange for China and increasing China foreign paying capacity at the same time, also has incurred the domestic and foreign scholars, statesman's attention。In July, 2005 to reduce the trade friction, the improvement bilateral trade relations, the RMB implements collects changes: Implements the fluctuation system, this time collects changes causes the RMB to move toward the internationalization gradually. The international economy contact multiplies day by day, the bilateral exchange rate already with difficulty accurately described a country currency foreign value fluctuation situation, but as our country and principal trade partner country and the competition country both sides exchange rate's one kind of weighted average, the effective exchange rate can reflect a country currency accurately the overall foreign value and in the international trade contact overall competitive power. The weighting effective exchange rate to the trade remaining sum's effect, becomes the numerous scholar's research object. This literary selections go to 16 trade partner country and the area, surveys the RMB rate as the exchange rate weight, then the basis elastic analytic method, surveys China's trade payment import-export trade elasticity, after further analyzes the reckoning RMB rate to Chinese trade remaining sum influence. Propose the beneficial view for China RMB rate pricing mechanism and the balanced trade revenue and expenditure.Learn from their predecessors in the study, based on the chapter structure of this paper is as follows:Chapter I ,Introduction :described the background to the study and research at home and abroad, research based on the understanding and awareness of this article identified the research methods. ChapterⅡ,it is devoted to the history of the RMB exchange rate reform process, namely the evolution of the RMB exchange rate system.ChapterⅢ,it is devoted to the impact of exchange rate on the balance of payments of the general theoretical analysis.Chapter IV , "a reference to a basket of currencies" effective exchange rate of the simulation, through the identification of China's trading partners and its weight, thus determination of the effective exchange rate of RMB.Chapter V, after determination of the effective exchange rate, balance the role of trade balance.Chapter VI,Make policy and recommendations...