Of The RMB Exchange Rate Formation Mechanism

Since the2008financial crisis, the world economy remains in the doldrums and the international’s calling for RMB appreciation also goes through a period of silence during this period. However, started in2010, since each of the major economies of the world began to recover, for the reason of the needs of the development of the domestic economy or for the sake of restricting the development of China, the calling for RMB appreciation is increasingly high.In2010,basing on the needs of the development of the real economy, China announced the restart of the RMB exchange rate formation mechanism reform, which is designed to enhance the flexibility of the RMB exchange rate formation mechanism Facing with the pressure of RMB appreciation, this paper analyses the changes in the history and the current status quo of China’s RMB exchange rate formation mechanism to explore the advantages and disadvantages of China’s RMB exchange rate formation mechanism, so as to provide policy recommendations to improve the RMB exchange rate regime in China.First, the introduction of the paper analyses the research background, significance, research and research methods of the RMB exchange rate formation mechanism. This part is a comprehensive summary through which readers will have an overarching comprehensive understandingThe second chapter focuses on the history of China’s RMB exchange rate regime changes and divides the changes into four stages, and then analyze the characteristics of each stage; Secondly, the contents, the characteristics and the effects of the1994,2005and2010’s RMB exchange rate system reform are analyzed in detail, thus summary experience To the RMB exchange rate system change process and provide reference for exploring the exchange rate system with Chinese characteristics.Finally, the current RMB exchange rate mechanism are analyzed, and the existing problems of the RMB exchange rate system of our country are related study, in addition influence factors of the RMB exchange rate are analyzed and the future trend forecast, In the last,the author puts forward his own suggestion, to improve the RMB exchange rate system.