Rmb Exchange Rate Of The External Factors That Affect Research

Question of the exchange rate of RMB is an old and stylish topic. In recent years, a pair of favorable balance of our country's current account and item of the capital is expanded continuously, the international revenue and expenditure happens out-of-balance. The exchange rate of RMB becomes the extensive concerned focus of international community once again. Is the exchange rate of RMB rising or dropping? Does the equilibrium level of the exchange rate of RMB exist? Where does the reform of the exchange rate system of RMB develop?……These have become the problem in front of China's Government, and need to answer and solve urgently. In order to dissect problem described above, we must begin with forming mechanism of the exchange rate and further investigate various influence factors causing the exchange rate of RMB to fluctuate. In recent years, though there is innumerable relevant research, but few people differentiate external and internal factor and carry on special research respectively. So, this thesis uses historical, logic, dialectical, static analysis combining with dynamic analysis, standardized analysis combining with demonstration analysis to carry on research to external economic and non-economic influence factor of the exchange rate of RMB, propose several countermeasures and suggestions, in the hope of providing the theoretical foundation for phased adjustment and reform of the exchange rate system of RMB.It is thought that the exchange rate of RMB face devaluing and rising pressure in recent years most because of the fact that the function of the external influence factor is very great after analyzing the paper. This includes not only influence of economic factors such as adjustment of the economic structure in the world, change of international trade and investment, the impact of the international venture capital and the running away outwards of domestic capital, U.S. dollar devalues etc. but also influence of non- economic factors such as foreign political pressure, psychological expectancy of international community etc. especially the latter shows a tendency to rise constantly and become the main part in the external factor gradually. Therefore, we can explain why the exchange rate of RMB keep the ultra steady state when the basic situation of economy changes, while the exchange rate of RMB face the pressure that devalue or appreciate when the basic situation of economy has not changed. Based on this, The suggestion herein is that in the process of the phased reform in the exchange rate of RMB, so we should choose the more flexible exchange...