International Hot Money And The Impact On China's Economy

Ⅰ. Topic backgroundSince the 1990s, along with the financial liberalization and the world economics integration, international hot money has expanded day by day, the speed speeds up unceasingly. Since the international hot money has acted the strong character in the 90's in the currency crisis and the international finance turbulent: The large-scale international hot money inflow, has brought the macroscopic economical and the financial aspect dual risk for the eruption finance crisis countries. The large amount capital inflow can cause the currency and the credit expansion, the inflation pressure, exchange rate appreciation as well as worsen the international payment balance account; Looked from the financial angle that, the capital class joins a society the initiation loan unrest, causes the stock market and the real estate market excessively prosperity. This kind of bubble economy phenomenon increased the entire financial system vulnerability, and makes the foreshadowing for the later international capital suddenly reversal and the financial crisis eruption.In recent years, along with the strong growth of Chinese economy, the foreign capital massive inflows, the foreign trade continued the earnings and the foreign exchange reserve fast increase, the Renminbi appreciation anticipation strengthens unceasingly, the international hot money massively flowed into China. Therefore, what will large amount of international hot money bring to the economy? Thoroughly analysis and research to the international hot money will be important to China.Ⅱ. Basic logical organization of this paperOn the whole, this paper has followed from the theory induction, question analysis, again the real diagnosis analysis and the countermeasure research mental organization, and used the basic structure, proposed the question - analysis question - solved the question. First is...