Research on the RMB Exchange Rate Regime: Based on Sino-US Economic Relationship

摘要：

As most counties have been recovering from the global financial crisis, the Renminbi(RMB) exchange rate has become a international society focus once again. It is universally considered that the underestimation of the RMB exchange rate is the major cause of the global imbalance, which however, is actually the main reason for Sino-US imbalance. This paper confirms that the RMB exchange rate has not cause the imbalance through investigating the Sino-US trade structure, and puts forward the argument that Chinas economic development has been relying heavily on the United States. Taking Chinas economic transition and the influences and restrictions imposed by US into consideration, we should keep the RMB exchange rate level stable, and strengthen the regional monetary cooperation.

关键词： the RMB exchange rate Sino-US economic relationship economic imbalances

作者: ZHAO Xijun XIA Yuanyuan

作者单位: School of Finance, Renmin University of China, P.R.China,100872 China Financial Policy Research Center, Renmin University of China, P.R.China,100872

会议类型: 国际会议

会议名称: 2010 International Conference on Management Science and Engineering(2010年管理科学与工程国际学术研讨会)

会议地点: 成都

会议语种:英文

页码: 621-627

在线出版日期: 2010-11-01（万方平台首次上网日期，不代表论文的发表时间）