Changes In International Payments To Analysis The Influences Of Domestic Money Supply

The balance of international payments is one of the four goals with China's macroeconomic regulation , and the actual situation of China's international payments, in recent years, appear both surplus continued to increase year by year, foreign exchange balance and seriously affecting the monetary policy of independence. A number of domestic scholars in domestic monetary policy, many from domestic economic growth, namely from the level of domestic economic development factors, such as GDP, price, etc, to explain our money supply and central bank monetary policy mplementation of validity. This paper from the perspective of international payments in foreign exchange reserves, the study of influence, and analyses the reasons of the fluctuation of the international balance of three projects, often project, capital and financial projects and errors and omissions projects are in foreign influence factors, and the changes in the three factors, and often under the project for regular trade in goods to significantly influence factor, combining central bank monetary policy when implementing the release of an increase in money supply, foreign reserves of broad money supply balance, and considering the influence of the regular project and capital and financial projects on the influence of the generalized the money supply. Through the analysis of some conclusions: with the increase in foreign exchange reserves, the direct impact of foreign exchange in China, and China's currency supply, although the central bank increased passive actively adopt some hedge operations, domestic inflation risks remain, import and export trade surplus is the source of foreign exchange reserves enlarged the main factors that cause the imbalance in international payments, the main reason that the entity economy further, especially foreign trade economy in China's currency supply more influence in the money supply, although China's monetary policy is the intermediary goal, but this entity economy in China's monetary policy of independence challenges.