Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Exchange rate,foreign financial relations

The Chinese "Plaza Accord", How to Avoid to Be the Next Japan

Author YiZuoZuo
Tutor ZhengChangDe
School Southwest University for Nationalities
Course Finance
Keywords Plaza Accord RMB appreciation Bubble economy Monetary policy
CLC F832.6
Type Master's thesis
Year 2011
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July 21, 2005 , the reform of China 's exchange rate regime began the road to the appreciation of the renminbi , RMB exchange rate as of March 21, 2011 , from $ 8.2 people against the highest rise to 6.5632 yuan against one U.S. dollars . Whether China can resist the strong pressure of RMB appreciation ? If the rapid appreciation of the yuan , China 's economy and whether it will step to the same fate as the Japanese economic bubble and bust economy ? There is a growing concern RMB appreciation led to the possibility of the bubble economy . In this paper, to consider this issue from two perspectives : First, a review of the whole story of the \small bubble economy \Article is divided into five chapters and four parts : the first part , the impact of process by reviewing the \learned; small bubble economy \background before the signing of the Plaza Accord \during the ascent , the bubble economy evolved into a bubble economy , repeating the mistakes of Japan , the author summarizes the four aspects should be taken proactive measures to take preventive measures . Research on this issue , I believe that there is great practical significance and in-depth study of the space . With the increasing pressure of RMB appreciation , the appreciation of the local currency has a greater impact on China's economic development , from history to gain more experience , so that our country will not repeat the mistakes of Japan , China's economic development and avoid detours . become an important issue that we have to face the moment .

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