The Choice Of Exchange Rate And The Influence To Import And Export By Its Adjustment

The current domestic exchange rate system based on the theory of choice has been abroad for the "Mondale -- Flemming model", "three conflicts", "three difficult dilemma", the center point is that the independence of monetary policy, capital flows and exchange rate stability. According to different conclusions the first category is the continuation of the "bipolar theory". After the opening of capital projects the introduction of intermediate exchange rate regime is dangerous because it gets together the errors between floated and fixed exchange rate system. The second category of the target area or optimal currency areas theory, taking into account certain characteristics of the primary stage of socialism, "managed floating exchange rate" or "exchange rate target zone system" that the current pegged exchange rate system is a prelude to the transition to a floating exchange rate. The third category of national fixed and floating exchange rate system summary of the lessons of failure, that the controversy in the final analysis, fixed and floating exchange rates or the international monetary system reform.For the international exchange rate system, in chapter I this paper set out three points. 1. The evolution of the international exchange rate system. This section primarily summarizes the development process from the perspective of the history of the exchange rate system. 2. The exchange rate decision theory. During Exchange rate system development process a number of main points are introduced in this section. 3. The exchange rate decision models. This section mainly describes the evolution of exchange rates in comparison with the formation of the decision model.Fixed exchange rates and floating exchange rates that have been the focus...