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China's International Balance Of Payments Capital And Financial Research

Posted on:2006-02-13Degree:MasterType:Thesis
Country:ChinaCandidate:Y Y HuFull Text:PDF
GTID:2206360152989355Subject:Finance
Abstract/Summary:PDF Full Text Request
In the recent years, there is a continuous "current account and capital & financial account surplus" in the balance of payments of China. And the surplus resulted in a sharp increase in the reserve assets. At the end of the 2004, the reserve assets of China are up to 6099 hundred million dollars. The influence of the capital & financial account to the reserve assets is increasing. Since 1992, the increased extent of the flowing amounts of the capital & financial account is exceeded that of the current account. The notable increase of the flowing amounts and the surplus have greatly affected the national economy, the monetary policy and the exchange rate of RMB. So, more and more people began to think of this problem.In the base of the summarization of the relatively theory and the other people' s research, this essay depicted the changing circs of capital & financial account from 1982 to 2003, analyzed the changing reason of the capital & financial account. And then, from the two sides of the "in and out of " the balance of payment statement, this essay researched the relatively basal factors of the changing of the capital & financial account. Finally this essay forecasts the trend and the foreground of the capital & financial account, and brings forward several relatively reformation measures and suggestion.
Keywords/Search Tags:capital & financial account, direct investment, portfolio investment, monetary policy, the exchange rate of RMB
PDF Full Text Request
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