Research On Impact Of Renminbi Capital Account Opening On The Rate Of Exchange System And Proposal

In the tidal wave of the economic globalization, the trend of Chinese opening the capital account can't avoid, this is also an important problem that the developing countries face in developing process. In the process of capital account opening, some countries have kept the opposite stability of the economy, and some have the local economy suffered great concussion. It is easy to find that, the important factor which decides the success or failure of capital account opening is that the reform of the rate of exchange system. The article emphasizes on discussing the impact of capital account opening on the rate of exchange system, finding out the request of the capital account opening that puts forward to the rate of exchange system in the effect analysis.First this text opens from the introduction of some basic instance of our country capital account opening and the rate of exchange system, then the author chooses the angle of the impact of capital account opening on the rate of exchange system, and uses the norm analysis method to analyze the attack of capital account opening to the rate of exchange system and the existent problem of our national rate of exchange system under the capital accounts opening circumstance. Further the author draws lessons from the reform of the rate of exchange system during the process of capital accounts opening in some developing countries, and at last the author put forward some policy suggestions of the reform of the rate of exchange system during the process of capital accounts opening in our country.