| Improving the RMB exchange rate system and the effectiveness of monetary policy are the twohot issues in our economic life.These two hot issues does not exist in isolation, they have very closerelationship. Chinese economic quickly developed over the years, the improvement of theeffectiveness of monetary policy should have as one of the important goals of the RMB exchangerate reform, gradually improve the RMB exchange rate system can effectively enhance theeffectiveness of monetary policy in China.Many factors that affect the effectiveness of monetary policy, both economic, financial andmacro-operation of the existing contradictions, and the financial system itself is imperfect factors.On the one hand, China's opening level at this stage and level of economic development conditions,the impact of exchange rate pathways on the effectiveness of monetary policy is very important. Onthe other hand, the exchange rate regime is a bridge between the national currency and the foreigncurrency.and fluctuations in foreign currency interest rate exchange rate system the role of thenational currency rate, which the national monetary policy impact. So, with China's opening to theoutside world and the constant increase and rapid economic development, and analysis is now thecurrent exchange rate system, the impact on the effectiveness of monetary policy in China has greatpractical significance. |
PDF Full Text Request