AnalysisofthetightmonetarypolicyimpactonChina’sinternationalbalanceofpaymentsPaperNetwork:[Abstract]Inrecentyears,withthefurtherdevelopmentofournationaleconomy,theeconomytherehavebeenmanyunstablefactors,onthecurrentsituationinperspectiveinternaldevaluationoftheRMB’sexternalappreciation,isexpectedtocontinuerisingdomesticpricesdonotrise,therapideconomicgrowthdrivenprimarilydependentonexports,consumptionandforeigninvestmentcontributedtoeconomicgrowthrateissignificantlylower,thusmorelikelythecentralbanktighteningmonetarypolicy.Thispaperanalyzesthecurrentaccountsurplusandcapitalfinanceaccountsdualbackground,thistighteningofmonetarypolicyonthenegativeimpactofChina’sinternationalbalanceofpayments,andmakerecommendationsfortherationalizationandcountermeasurestodealwiththisunfavorablesituation.Inthispaper,theestablishmentofInrecentthecentralbanktoraiseinterestratesonthebasisofacontinuous,twoaccountsfromtheanalysisofChina’sexchangerateregimeandinternationalcapitalintoChina’sregulatoryrecommendations.---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---[Keywords]doublesurplustoexpanddomesticdemandtighteningregulationFirst,theeconomicbackgroundanalysisThesecondhalfoftheyear,thecentralbankraisethebenchmarkone-yeardepositandlendingrates,whichisthefirsttimeinthreeyearssincethecentralbanktoraiseinterestrates,monetarypolicyalsoindicatesthatthetrendmaybetowardtightening.Everhigherinflationpressuresandadjusttheinflationlevelforthecentralbankmonetarypolicyhasledtosomepressure,thentheintroductionofinterestratepolicy,asignificantgoalistomanageinflationexpectationsfromthestatisticaldata,thecurrentinternalandexternalappreciationofChina’scurrencydevaluation,thedomesticprices,whilecontinuousappreciationoftherenminbioutside,inflationexpectationsrising,toomuchrelianceonexporttradeofeconomicdevelopment,highforeignexchangereserves,currentaccountandcapitalaccountdoublethefinancialsurplusofinternationalpaymentsimbalances,accordingtoMundell-Flemingmodel(seeTable1,thefloatingexchangeratesystem,monetarypoliciesonincomeandmoreeffectiveinternalregulation,fiscalpolicytendstovoid,sothatinthecontextofpolicyti---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---ghteningtocurbinflationonthesubjective,buttheobjectiveoftheinternationalbalanceofpaymentswillhavesomeimpact.Second,thenegativeimpactoftheinternationalbalanceofpaymentsanalysisTableintheinternationalbalanceofpayments,balanceofpaymentsisalwaysbalancedinthefinalaccounting,butinpractice,thereoftenexistdifferentbalanceofpaymentssurplusordeficitofthebalance,andatthisstageofChina’sinternationalpaymentsimbalancesmajorstructuralandrevenuenature.Accordingtothegeneralprinciple,increaseordecreaseinexpendituresintheimplementationofmonetarypoliciesneedtoadjustthebalanceofpayments,thelendinganddepositreserveratioadjustmentisanimportantaspect(ofthispolicyisthis.Thisincreaseininterestratestendstotightenmonetarypolicyingeneraloncapitalandfinancialaccountswillresultincapitalinflows,thedeficitorsurplustoreducetheincreaseinshort-termforthecurrentaccountwillleadtoincreasedcosts,fallingincomesreduceddemandforthereductioninprices,increasedexportsandthusreduceimports,tradebalancedeficitreduction,butinthemorelongperiodoftime,theinfluxofforeigncapit---本文于网络，仅供参考，勿照抄，如有侵权请联系删除---alwillcausethepressureo...