On this premise, the paper gives a detailed clarification from the theories about capital opening and currency adjustment to foreign practice experiences and tuitions in currency adjustment, and researches into the adjustment problems out of the current situation in capital opening in our country.
On the basis of macroeconomics, international economics, currency and banking theories, the paper combines history with reality, theory with practice, and makes use of the knowledge of positive method, for example, econometrics, intending to discover inherent and regular things so that we can realize reasonably and find practical methods for currency adjustment under open capital.
Central banks need to take up policy tools and make use of various conductive mechanisms of monetary policy correctly and flexibly so as to reach the goals needed for currency adjustment, which constitutes the related theoretical clarification described in chapter one in this chapter.
On July 21,the exchange rate of RMB to dollars was raised by 2%. The administered floating exchange rate system is practiced,which is founded on the supply and demand of the market,with reference to the package currency adjustment.
A second banking example is the management of customer currency adjustment slips coupled with customer access to this information over the web.
On July 21,the exchange rate of RMB to dollars was raised by 2%.The administered floating exchange rate system is practiced,which is founded on the supply and demand of the market,with reference to the package currency adjustment.The effect of appreciation on market price of estate is conducted through fluidity channel,wealth channel,anticipation channel,and currency channel.The appreciation of RMB is advantageous and adverse on the estate market via analysis of international finance.