均衡汇率与人民币均衡汇率研究

123[],,,,,[];;:,,,100083,,,100037,,,,,,1994,1996121,,:,,,,,,;,,,,(),,,:11,::20041111231322005/1208©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,,,19961999,,,,,,,,,,211994,1997,,,,,,19952001,5%,,,18.278.30,,,,,31,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,2005/1208133©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,:(1),;(2),,;(3),,,,,(),,2003,,,,,,,,,,,,,,,,,,,,,,(),,,,,,(),,,,,,,,,1342005/1208©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.2001,,,,,,(),,,,8,,,,,,,5,,,,,,(),,,,,,11,,,,:Re=nXPC/mMP,:(1)Re(2)nXPCnXPCn(3)mMPmMPm,21,2005/1208135©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,W=F(IdIfFdFfSeDe):W,(IdIf),(FdFf),(SeDe),,;,,,,,,,,,,,31,,,,,,,,,:,;,;,,(),,,,,11,,,,,,,,21,,,,,,:;,;,,,,,1362005/1208©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,(),,,,,,,,(NEER)(REER),,,,,,:[1],.[M].:,2002.[2].[M].:,2004.[3].[J].,2004(2).[4].[M].:,2001.[5]()2000200120022003,.ThoughtsontheReformofRMBExchangeRateRegimeWuNianLu1ChenQuangeng2EZhihuan3Abstract:ThisthesisanalyzesthestatusquoandproblemsofRMBexchangerateregimefirstandthendeliversreformproposalsandconsiderationsthatneedtotakethereof.Thethesisholdsthatitisthemaintrendtoimplementthemanagedfloatingratesystem.Andfinally,reformpoliciesandmea2suresareproposedonhowtoimplementtargetmanagement,howtodefineexchangerateandhowtoperfectmarket-basedexchangeregime.KeyWords:foreignexchangeregime;foreignexchangeequilibrium;foreignexchangelevel;float2ingexchangerate;targetzoneofexchange[]F830194[]A[]1000-8306(2005)01-0132-062005/1208137©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.