The Influence Of The RMB Exchange Rate Change On The Balance Of Payments

Since the yuan in last year to become a part of the SDR,the yuan will gradually become the focus in the world,of course with the development of the investment Banks and area all the way,but also promotes the our country and foreign economic and political exchanges,exchange rate has become a criterion to measure the value of the yuan in China,that is to say,the variation of exchange degree with foreign commerce has a very crucial effect in our city,and the regulariy of penalties also becomes a very key factor.In recent years,many scholars has also affectthe regularity of penalties in the RMB conversion degree changes,but they mainly to foreign trade is equal to the regularity of penalties,and neglect the reach of foreign investment,in order to further the actual meaning of this study,not only from the qualitative analysis in the first place,and by establishing the matrix of the dissolution of the quantity,in order to make the data more accuracy,on the choice of data request is higher,select data from 2008 to the first region of 2008.Specific content is as follows:(1)this paper stated the domestic and foreign about the exchange rate change on the influence of international trade and FDI is reviewed.Because mainly includes the current and capital accounts of balance of payments,and often projects mainly include international trade,capital projects mainly foreign direct investment(FDI).(2)this article summarizes the existing scholars based on the theory of balance of payments,important introduced the relevant theories of international trade and FDI,such as the theory of supply and demand,interest rate parity theory.(3)through the decomposition of the concerned data of the define administration of foreign exchange,this paper specify the RMB exchange rate and the correlation analysis of international payments,and the current situation of the mundane regularity of penalties,this part of the analysis for the following empirical analysis.(4)of the yuan exchange rate changes to the empirical analysis of the influence of the international balance of payments,respectively,using the granger test and cointegration analysis method to analyze the relationship between the variables and research.(5)through an analysis on the quality and quantity,the relationship between them and then combined with the actual situation in real life,and then puts forward measures and Suggestions to achieve the balance of international payments.