英语论文网

Current condition of the RMB exchange rate on the one hand from the debt crisis in Europe and the United States, the dual effects of the subprime crisis; On the other hand from the domestic economic situation in China. Because of the European debt crisis occurred, to a certain extent, will make money to the European market. Because American investors in China's property market, bond market, invested a lot of money in the stock market, thus to some extent prompted hot money flow exists in China, and after the Chinese government adopted the policy of cooling, and the reality of the euro is just to make up for the vacancy. So in the short term, the European debt crisis will attract dollars into the European market, is actually a form of rescue, so the demand for dollars will increase, the demand for the yuan will be relatively narrow, revaluation would have narrowed. But in the long term, the trend of the yuan appreciation will not change. And even ifAmericadoes not requireChinaunilateral renminbi appreciation, the Chinese government in order to highlight the 'international currency' image, in the international financial market can form a world currency against the dollar, the euro. With the development of economic globalization and political pluralism, economic supremacy of the dollar will no doubt be weakened. But the outbreak of the crisis and seems to show a European problem can't sit in theUnited States. The so-called social phenomena, the world economy is a widespread contact, with the so-called 'domino effect' and the 'butterfly effect' can imagine Europe's economy could not affect the even China's economic operation situation in the United States. AndChina's domestic prices high, the real estate market and housing market are high and the bank credit scale will restrict the RMB exchange rate movements.

Therefore, the following paper I will from the two aspects of history and present situation to try points back some of the RMB exchange rate faces. And reviewing the history of the yuan's exchange rate I used the three periods, for the status quo, I from the debt crisis in Europe, the us subprime crisis,China's domestic economic situation these three aspects to consider respectively, in order to obtain the current situation of the RMB exchange rate speculation.

1. Reviewing the history of the yuan's exchange rate

Since the founding of newChina, in order to cooperate with political stability, the central government began to take measures in economy, to stabilize the economy of newChina. Due to the kuomintang civil war, Chiang kai-shek's rout, fled toTaiwan, before he went away with all the Chinese gold and silver, and the dollar. Therefore, Chiang kai-shek to mainland China a mess, and gold certificate before issuing fiat, Chiang kai-shek, and even the silver certificate, and in 1935, in countries such as the us and UK operations under the reform of 'legal tender', [3] c本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。