A Thesis Of Under Pressure From China's External Imbalance Faced By The Monetary Policy Dilemma And Suggestions

With the rapid economic growth of China's economy external imbalances, its specific performance: the international balance of payments "double surplus", the current account and capital account at the same time a high surplus, has brought China's foreign exchange reserves to the passive growth and lingering pressure of appreciation. In order to select the appropriate means of ensuring economic macro control to maintain a good momentum of development to prevent major fluctuations, and achieving sustainable development, this paper under the pressure of the external imbalance in China currency policy issues.we first put under pressure from the external imbalance status of China's monetary policy related issues, the study established the contents of this article, ideas and innovation. Then we introduced the M - F model, the theoretical basis from model to model under different circumstances the development of the model set out to research the adaptability of our country's macroeconomic problems, and the Empirical Research on the effectiveness of China's monetary policy. At last we began to describe the meaning of the theory of economic equilibrium, and discussed the relationship between the internal and external balance as well as coordination of internal and external balance the general principle of a balanced focus on the internal balance of external shocks. The main part of the study is under pressure from China's external imbalance faced by the monetary policy dilemma, the status quo by introducing China's macroeconomy, particularly the external imbalance of the direct and brief reasons, expounded on China's external balance the impact of monetary policy, and an empirical analysis of China's foreign exchange reserves in recent years with the.supply of money in the relationship between. The conclution analyzing China's monetary policy dilemma specific reasons, the view of the current macro-economic situation in the external imbalance, improve the interest rate adjustment, improve the RMB exchange rate mechanism, relax foreign exchange reserves and a reduction in capital management, and other aspects of the settlement of the macroeconomic policy recommendations external imbalances.