论人民币汇率的中长期决定

本对决定的几种重要的理论进行了较为详细的分析,指出每种理论的优点和缺陷,通过与中国实际相比较,现有的理论还不能科学地解释人民币汇率的决定,本在吸收前人理论精华的基础上,结合货币在作为商品交换的媒介,货币符号,资本三种角色的情况下,考虑中国实际情况,利用数学模型综合反映了人民币的真实价值。

On the Decision with Medium or Long Term for the Exchange Rate of RMB

This article analyses in more detail several important theories which decide the ex- change rate, pointing out that each has its merit and demerit. As compared with the reality in China, the current theory is unable scientifically to interpret the decision for the exchange rate of RMB, and based on the theory essence drawn from the predecessors and in the light of currency used as the three roles of medium of commodity's transaction, currency's sign and capital and the reality in China, the article makes use of the math's model to calculate the real value of the ex- change rate of RMB.