【title】An Analysis of the "New Monetary Phenomenon" in the Process of RMB Appreciation
【author】CAO Long-qi （Research Center for SEZs; Shenzhen Univ.; Shenzhen 518060; China）;
【Author Affiliations】 China Center for Special Economic Zone Research
【source】Shenzhen University Journal(Humanities & Social Sciences),2008(01)
【key words】RMB appreciation; new monetary phenomenon; global economic imbalance; domestic economy running;
【abstract】In the process of RMB appreciation, there has appeared a so-called "new monetary phenomenon" which is featured by that there co-exist the RMB appreciation abroad and depreciation domestically the discrepancy Getween which is widening. The happening of this phenomenon is related with the impact of the institutional dysfunction and of the American dollar factor in the context of the serious global economic imbalance. The existence and development of the new monetary phenomenon will challenge Chinese and even ...