本币名义汇率低于真实汇率是保持国际竞争力的有效手段

【摘要】 本文表达了如下想法:①名义汇率围绕真实汇率上下波动的调整,会促使一国国际收支恶化或者改善;②美元对人民币贬值并不一定能够满足马歇尔———勒纳条件和解决中美国际收支失衡问题,因为失衡问题主要是美国的国内因素以及限制对华技术出口与中国商品进口所引起的;③我国作为一个发展中国家,应该适度控制名义汇率,使其低于真实汇率,才能支持劳动力优势,保持国际收支顺差;④国际收支长期盈余,是我国经济增长和经济安全的保证。更多还原

【Abstract】 This paper is intended to probe into the following subjects: 1.Adapting the fluctuation between nominal exchange and real exchange rate is likely to deteriorate or improve the trade balance of a country.2.The devaluation of US dollars against Chinese yuan (RMB) doesn’t always meet the Marshall-Lener Condition and is unlikely to get rid of the unfavorable trade balance between China and US because the unfavorable trade balance is mainly due to the inner factors of US as well US’s restriction of technology exports to China and Chinese exports to US.3.As a developing country,it is necessary for China to control its nominal exchange rate moderately and keep it below the real exchange rate so as to maintain its advantage in terms of labor force as well as favorable trade balance.4.Long-term trade surplus will ensure China’s economic growth and safety.更多还原