The RMB exchange rate started to be a widely international issue discussed with Sino-U.S. relations of Economic since 2002.The main Objective of this study is finding the causes of undervaluing and pressures of facing. However, China¡¦s Financial Security is closely related to the process participating in the international system of finance, so this article is concentrated in the scope of correlate research of RMB exchange rate, and analyzed to find what pressures China facing and what policies China choosing. The causes which nominal exchange rate was biased against the real exchange rate are discriminated between labor factor and interest factor, with observing the change of balance of payment and foreign exchange reserves, so the foreign market unequilibrium can be explained further by analyzing the flow and capital. Finally, the strategic consider of U.S. is also the one of factors that influences RMB exchange rate despite of the economic risks in China. perspectives of international politics in Pressuring RMB exchange rate or opening markets are considered on the coordination of interest groups¡Bcongress and government of United States.
The conclusion revealed the main reason that China is now facing major secure threats, there are looseness in capital controls, and rigidity in foreign exchange regimes. This threats result in failing to diversify its investment risk of foreign exchange and causing its monetary policy much pressure. The other hand, The purposes of putting pressure on RMB exchange rate by U.S. reflected that they not only transferred the responsibility of unemployment and deficit but also showed the need of domestic politics and the consideration of international politics, so the strength of pressure was not the same in the time series. Therefore, the study argues that the dispute of Sino-U.S. exchange rate was not only the outcome of interaction between two countries¡¦ trade but also this regime of China and purpose of U.S. should be discussed and observed continually.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0731111-162948 |
| Date | 31 July 2011 |
| Creators | Lin, Chih-Tsung |
| Contributors | Jia-hsi Weng, Wen-cheng Lin, Jiin-ming Fahn |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0731111-162948 |
| Rights | user_define, Copyright information available at source archive |
Page generated in 0.0018 seconds