摘要
The relations between the U.S.dollar and yen is the controlling and the controlled,and the Eurodollar is not yet a rival of the U.S.dollar,which will remain the international hard currency is 2 to 3 years. Essentially closely related to the capital market is the exchange rate fluctuation is the countries where international money is issued,where the fluctuation is heavy,and which have great endurance of fluctuation that endurance which the developing countries do not possess at all.Because the US dollar is the international centralmoney.the RMB exchahge rate has to take the form of one side pegging. RMB is not international currency,resulting in the non existence of the freedom for us to exchange RMB for foreign currency,and the existence of the freedom for foreigners to exchange for RMB,and therefore,we should keep the foreign exchange control system.The floatation of RMB exchange rate should fall within an endurable scope within which we can control and cope with a touchy situation likely to come. We must not let it float free at a great range.The government must not give up its intervention in exchange rate,striving to make RMB regional rven international currency.
The relations between the U.S.dollar and yen is the controlling and the controlled,and the Eurodollar is not yet a rival of the U.S.dollar,which will remain the international hard currency is 2 to 3 years. Essentially closely related to the capital market is the exchange rate fluctuation is the countries where international money is issued,where the fluctuation is heavy,and which have great endurance of fluctuation that endurance which the developing countries do not possess at all.Because the US dollar is the international centralmoney.the RMB exchahge rate has to take the form of one side pegging. RMB is not international currency,resulting in the non existence of the freedom for us to exchange RMB for foreign currency,and the existence of the freedom for foreigners to exchange for RMB,and therefore,we should keep the foreign exchange control system.The floatation of RMB exchange rate should fall within an endurable scope within which we can control and cope with a touchy situation likely to come. We must not let it float free at a great range.The government must not give up its intervention in exchange rate,striving to make RMB regional rven international currency.
出处
《管理世界》
CSSCI
北大核心
2001年第6期106-114,共9页
Journal of Management World
基金
国家发展计划委员会宏观经济研究院2001年度课题
