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2004•Shandong Nongye Daxue xuebaoRequires access

The pressure,effect and mechanism innovation of RMB exchange rate

Yin Guo-ping

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Abstract

This paper discusses how the dollar devaluation and RMB undervaluation press the RMB exchange to appreciate because of the circumstance in China and abroad.This paper also analyzes the effect of the appreciation of RMB exchange on the export,foreign exchange deposit,foreign exchange risk of firms and the price level. This paper concludes that the RMB exchange should be appreciated and the ultimate method to establish the new mechanism of RMB exchange rate should be market-oriented.

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What this paper is about

This paper discusses how the dollar devaluation and RMB undervaluation press the RMB exchange to appreciate because of the circumstance in China and abroad.This paper also analyzes the effect of the appreciation of RMB exchange on the export,foreign exchange deposit,foreign exchange risk of firms and the price level. This paper concludes that the RMB exchange should be appreciated and the ultimate method to establish the new mechanism of RMB exchange rate should be market-oriented.

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Available abstract

This paper discusses how the dollar devaluation and RMB undervaluation press the RMB exchange to appreciate because of the circumstance in China and abroad.This paper also analyzes the effect of the appreciation of RMB exchange on the export,foreign exchange deposit,foreign exchange risk of firms and the price level. This paper concludes that the RMB exchange should be appreciated and the ultimate method to establish the new mechanism of RMB exchange rate should be market-oriented.

Key concepts: Renminbi, Devaluation, Exchange rate, Liberian dollar, International economics, China, Monetary economics, Foreign exchange

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