我國匯率制度和利率市場化對人民幣國際化的影響研究.pdf

1、云南財(cái)經(jīng)大學(xué)碩士學(xué)位論文我國匯率制度和利率市場化對人民幣國際化的影響研究姓名：胡琛申請學(xué)位級別：碩士專業(yè)：國際金融指導(dǎo)教師：張玉琴；王學(xué)鴻201104ABSTRACTIIABSTRACTOnecurrency’sinternationalizationneedsadevelopeddomesticfinancialmarketareasonableexchangerateregimeassuppt.Acceleratingtheproc

2、essofRMBinternationalizationputsfwardnewrequirementsfcurrentexchangerateregimeinChinathedomesticfinancialmarket.It’sverysignificanttoresearchtheexchangerateregimewhichfmedonJuly212005interestratemarketabilityrefmwhichisa

3、furtherdevelopmentofChinasfinancialmarket.TheinnovationofthispaperisthecomprehensiveanalysishowtheinterestratemarketabilityrefmexchangerateregimeaffectRMBInternationalizationmakepolicyproposal.Researchtechniqueunifiesthe

4、theeticalanalysistheempiricalanalysis.FirstanalyzethecurrentsituationsecondanalyzetheimpactonRMBinternationalizationthirdmakepolicyproposal.TheanalysisresultshowsthatbothofthefavablefactsfRMBinternationalizationisreducin

5、gtheamountofinternationalhotmoneyinflowingreducingtheimpactofinternationalhotmoneyinflowingonexchangeratestability.AbouttheunfavablefactstheliberalizationofexchangecontrolscausehotmoneyinflowsputRMBunderthepressureofappr

6、eciation.InflationcausedbyinterestratemarketabilityrefmwillaffectRMBputmoarypolicyintodilemma.Meoverpolinkageeffectbetweeninterestrateexchangerateatcurrentstagelimitstheabilityofmoarypolicyadjustexchangerate.Accdingtowha

7、tdiscussedabovethispapermakepolicyproposalasfollows:capitalaccountshouldopenderlymakebalancedmanagementofinflowoutflowmadetheexchangerateregimemeflexiblemakethemarketmechanismmevigousinterestratemarketabilityrefmshouldma