An Analysis of the "New Monetary Phenomenon" in the Process of RMB Appreciation
CAO Long-qi (Research Center for SEZs, Shenzhen Univ. , Shenzhen 518060, China)
In the process of RMB appreciation, there has appeared a so-called "new monetary phenomenon" which is featured by that there co-exist the RMB appreciation abroad and depreciation domestically the discrepancy Getween which is widening. The happening of this phenomenon is related with the impact of the institutional dysfunction and of the American dollar factor in the context of the serious global economic imbalance. The existence and development of the new monetary phenomenon will challenge Chinese and even the world economy. The strategy of coping with it is, based on continuing the economic reform and opening up to the outside world, to further carry out the basic state policy of expanding domestic demand, controlling and remedying the overflowing liquidity by comprehensive economic means proceeding from the original source and accelerating the exchange system reform and prompting RMB internationalization.
【CateGory Index】： F832.6