| Abstract | 第3-4页 |
| 摘要 | 第5-11页 |
| 1. Introduction | 第11-14页 |
| 1.1 Background and study purpose | 第11-13页 |
| 1.2 Leading Research | 第13-14页 |
| 2. History of China-South Korea Exchange Rate Policies | 第14-27页 |
| 2.1 History of Chinese exchange rate policy | 第15-24页 |
| 2.1.1 Tumultuous years | 第15页 |
| 2.1.2 Freezing years | 第15-16页 |
| 2.1.3 Appreciation period under the unitary exchange rate policy | 第16-17页 |
| 2.1.4 Introduction of Internal Settlement Exchange Rate | 第17-18页 |
| 2.1.5 Gradual depreciation | 第18-19页 |
| 2.1.6 Adoption of managed floating exchange rate regime | 第19-20页 |
| 2.1.7 Unitary managed floating exchange rate policy | 第20-21页 |
| 2.1.8 Financial crisis in Asia | 第21页 |
| 2.1.9 Reformation of RMB | 第21-24页 |
| 2.2 History of Korean exchange rate policy | 第24-27页 |
| 3. Evaluation of China-South Korea Exchange Rate Policy | 第27-30页 |
| 3.1 Foreign currency use permission policy and reserve policies | 第27-28页 |
| 3.2 Continuous depreciation and double exchange rate | 第28页 |
| 3.3 Implication of Korean exchange rate policy transition | 第28-30页 |
| 4. Main Factors of Influencing Chinese RMB and Korean Won | 第30-51页 |
| 4.1 Main factors of influencing Chinese RMB | 第30-39页 |
| 4.1.1 Current account surplus | 第30-31页 |
| 4.1.2 Increase in foreign exchange reserve | 第31页 |
| 4.1.3 RMB forward exchange | 第31-32页 |
| 4.1.4 Real effective exchange rate | 第32页 |
| 4.1.5 Internal equilibrium | 第32-33页 |
| 4.1.6 Evaluation by equilibrium rate of exchange | 第33-35页 |
| 4.1.7 RMB measured by behavioral equilibrium exchange rate approach | 第35-38页 |
| 4.1.8 Comparison with analysis methods | 第38-39页 |
| 4.2 Main factors of influencing Korean Won | 第39-41页 |
| 4.2.1 U.S. deficit and dollar | 第40页 |
| 4.2.2 Foreigner's stock trading | 第40-41页 |
| 4.2.3 RMB exchange rate | 第41页 |
| 5. Imbalance of International Payments and Exchange Rate | 第41-51页 |
| 5.1 Background | 第41-44页 |
| 5.2 Excess savings in China | 第44-46页 |
| 5.3 Excess consumption in U.S | 第46-48页 |
| 5.4 Practical example:Recent Korean economy | 第48-51页 |
| 6. Reformation of Chinese Exchange Rate Policy | 第51-56页 |
| 6.1 Influence of change in Chinese exchange rate regime | 第53-55页 |
| 6.2 Prospect of Chinese exchange rate regime | 第55-56页 |
| 7. Conclusion | 第56-59页 |
| Bibliography | 第59-63页 |
