The Function of the Central Government in the Process of RMB Appreciation
CAO Wei (School of Finance and Statistics, East China Normal University, Shanghai 200241)
The exchange rate of RMB still has strong appreciation expectation recently, and the international "hot money" is waiting for the chance of speculation, which has great impact on China's financial market. The stable development of China's economy cannot be guaranteed if the exchange rate of RMB keeps fluctuating. Through the game theory study of China government and the "hot money" , we could reach a conclusion that Chinese government must keep its promise in financial issues, strengthen its measures of punishment, and establish anti-hot money law as soon as possible.
【CateGory Index】： F832.6;F224