Abstract This paper analyzes the effect of monetary policy and foreign exchange intervention of central bank on the gathering and relief of exchange market pressure by a combination of theoretical and empirical methods, such as non-model dependent method EMP index and Chinas monetary policy variables endogenous variable VAR model. The empirical results show that the pressure of RMB appreciation has a certain degree of interaction between the inflation rate and monetary policy variables the pressure of RMB appreciation does not significantly influence the pressure of RMB appreciation will inflation to some extent.
LONG Xiao-Bei,HE Guang-Yu,LIN An-Chang. Research on Interaction of RMB Exchange Market Pressure and Monetary Policy. Economic Survey, 2013, 1(5): 0145.
2013, Vol. 1 
