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The Research On The Influence Of Imported Inflation Problem The Depreciation Of The Dollar

Posted on:2013-07-31Degree:MasterType:Thesis
Country:ChinaCandidate:Z Y TianFull Text:PDF
GTID:2309330392465315Subject:Finance
Abstract/Summary:PDF Full Text Request
In recent years, China’s economic strength was significantly improved. Sincethe events of11September in the United States, the outbreak of the devaluation ofthe United States to implement the strategy had a tremendous impact on China andthe world economy. The U.S. dollar as a currency play a decisive role in theinternational economy and financial system continued to depreciate, which is boundto have a global economic impact. The dollar’s decline began in2002, the U.S. dollaragainst the RMB even new lows. Global commodity prices trend to upward resumeits rally in the short-lived after the callback and the inflationary pressures are still inthe global spread. Second, the U.S."subprime crisis" broke out in August2007,which led to the global financial crises. U.S. dollar against the RMB exchange ratein April2008, enter "6" times. Third, under the shadow of the financial crisis, theU.S. economy in the doldrums development, for which the United States one afteranother to implement the easing of the two quantization. The first round ofquantitative policy after the collapse of Lehman Brothers in September2008,followed by three months the Fed reserves lend to its subsidiary bodies.Disappointing U.S. economic data in April2010, the Fed carry out the second roundof quantitative easing monetary policy in November2010, which want to buy600billion U.S. dollars of long-term U.S. government bonds before the end of June2011.The United States dollar of strategic devaluation two quantitative policy hasexacerbated the trend depreciation of the dollar, which take huge inflationarypressures to China and the global economy.This article aimed at the specific values the depreciation of the dollar value ofasset price inflation and the increase of foreign exchange. Analyzing trends offoreign exchange and central bank money supplying, simply due to the current roundof inflation is demand-pull inflation and cost of price increases due to cost-pushinflation is too one-sided. The current round of inflation due to the depreciation of the dollar due to foreign capital into the domestic trade surplus increases and causethe apparent domestic excess demand input characteristics.
Keywords/Search Tags:Depreciation of the dollar, Imported inflation, Quantitative easing policy
PDF Full Text Request
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