【作者】 余湄； 卢雪；

【Author】 YU Mei;LU Xue;School of Banking and Finance,University of International Business and Economics;

【机构】 对外经济贸易大学应用金融研究中心及金融学院；

【摘要】 在改革开放的洪流中,流入中国的外资数额屡创新高。外资是投资国资本寻求增值利润的绝佳途径,同时也促进了中国经济发展。本文实证分析了2005至2013年汇改后外国直接投资对人民币实际汇率的影响,得到外国直接投资对人民币实际汇率具有短期升值作用和长期贬值作用的结论。此外,本文对比总结了文中结论与汇改前结论的差异,深层分析了产生该差异的原因。更多还原

【Abstract】 Since Chinese reform and opening up,the amount of foreign capital into China continue expanding.FDI is an excellent way for the accumulated capital of investment country to gain profit,and it gives rise to Chinese economic development.The impacts of FDI to the RMB real exchange rate after the exchange rate regime reform care studied during the period 2005 to 2013.A conclusion is reached that the impact of FDI to the RMB real exchange rate is positive in the short term and negative in the long term.Also,contrasting it with that made before the exchange rate regime reform,the differences are summarized and a deep analysis on the causes of the differences is given.更多还原