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Since the yuan in July 2005 revaluation, the rendered the reality of the appreciation of the renminbi is becoming more and more attracted the attention of the world. Temporarily does not consider the position, just starting from the position of the Chinese government, the appreciation of the renminbi will also potential. Because, since 1973 the United States after the collapse of the bretton woods system, the hegemony of dollar financial position has been weakened, after the rise of the euro and the European Union in the international political arena of active operation, enough to become a financial and political field can resist the power of the United States. Out of Europe, the rise ofJapanalso cannot small gaze. Therefore, whether in politics, or economically, the United States received quite a blow. This time in Europe after the crisis, theUnited Statesinitially adopted a 'attitude, the so-called 'have to sit tight', but after the U.S. Treasury timothy geithner has a trip toEurope.Americawill certainly worry about Europe's debt crisis threatens the economic recovery in theUnited States. But seem to wantAmericato help Europe, theUnited Statesin its own things not processed for wording and refused. In short, Mr Geithner, was a TanFeng action. ForChina, the debt crisis in Europe andAmerica's subprime crisis impact onChina's economy. And European crisis exposed problems, just as the famous economist Paul krugman in a 2011 paper points out, asAmerica's debt structure. At the same time,China's domestic economy, especially in inflation, and interest rates, credit scale, M1, M2, the scissors, the unemployment rate, currency, the real estate market, factors such as macroeconomic policy to a certain extent, also drives the development of the RMB exchange rate. So I think to examine the status quo of the exchange rate from two aspects, in order to obtain a more objective and rational analysis of the results. One is the external debt crisis, the influence of the subprime crisis; The second is the inner of the status quo ofChina's domestic economy. With the two dimensions to preliminary explore the present situation of the RMB exchange rate should how to think.

2.1 the European debt crisis under the influence of the RMB exchange rate

In the world for the first time since the financial crisis inBritainin 1823, worldwide effect caused by its rapid spread all over the world economic system and financial markets. 1929-1933 financial depression not only has given rise to the birth of Keynesian, and also started the prelude of massive government intervention in the economy. The so-called 'New Deal' instant example of a very important. In this time of crisis, it first broke out in 2009 inGreece, thenSpain,Portugaland other European countries have been influenced by it, until today there is no rest. Due to the European debt crisis, the influence of the depth and breadth of continuous, and the occurrence of the us subprime crisis, the world economy has slowed markedly the growth steps, the global economic downturn has become the consensus of the indust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。