Cross-border Circulation Of Rmb Flow, The Stock Of The Dynamic Feedback Mechanism

Firstly the paper analyze the flow and stock of RMB of Yunnan pronvince, through the dynamic calculation methods, we get the data and show from the nonlinear relationship between the flow and stock. Then we select the data of flow and stock from 1992 to 2008 as our aim. Through establish the nonlinear dynamic system (C-PNLDS) models, to further research and verify the nonlinear relationship between flow and stock of Yunnan pronvince.Through the paper we get coefficient of flow and stock in C-PNLDS model, we also can get: flow play a negative role in this model; stock play a positive role for flow'growth. And the conclusion is consistent with traditional price transmission theory. This article through to our country Yunnan border area (Laos, Vietnam, Burma) the Renminbi interstate mobility status conducts the research, and take the Renminbi in this area's class, the storage quantity analysis as the breakthrough point, analyzes in the predecessor above the foundation, through to two variable's localizations again, explains between the two's reciprocity by the brand-new angle of view.Through each significant variables'coefficient of flow equation in C-PNLDS model, we can get: flow play a important role for its own growth; fiows square also play a positive role for equation, stock's square play a positive role for flow's growth, it show that stock is the accelerator for itself.And finaly we can know: First, through the times eries'empirical analysis, we can get the releationship between the flow and stock, and now we know there is long-term reciprocity between each other. Moreover, two variables both through long-term balanced relational mutual influence. Between the flow and stock, storage quantity has the Grainger causal relation. And then, we can know between the them the interaction is not balanced. Relatively speaking, the Renminbi storage quantity is more regarding than the current capacity function, but the current capacity relatively is small regarding the storage quantity function.