| Abstract | 第1-5页 |
| 摘要 | 第5-6页 |
| 1.Introduction | 第6-8页 |
| 2.Theories and literatures Review | 第8-18页 |
| ·Foreign Theories and Literatures Review | 第8-14页 |
| ·Theories review | 第8-12页 |
| ·Empirical studies | 第12-14页 |
| ·Domestic Literature Review | 第14-18页 |
| 3.Methodologies | 第18-21页 |
| ·Patterns of USD-RMB rate fluctuation since Jan 1995 | 第18-19页 |
| ·Two methods to do empirical studies | 第19-20页 |
| ·Innovations of this paper | 第20-21页 |
| 4.Historical review of China foreign exchange system | 第21-26页 |
| ·Phase 1: From Unitary to Dual exchange rate system (1979 - 1984) | 第21-22页 |
| ·Phase 2: Back to Unitary exchange rate system (1985 - 1990) | 第22-23页 |
| ·Phase 3: Another dual exchange rate system (1991 - 1994) | 第23页 |
| ·Phase 4: Unification of exchange rates system (1994 - 2005) | 第23-24页 |
| ·Phase 5: With reference to currency basket (2005 - Present) | 第24-26页 |
| 5.Empirical Study and results | 第26-44页 |
| ·Empirical study on the impact of “discrete significant exchange rate shocks” | 第26-37页 |
| ·Impact of USD/RMB rate adjustments on inflation and money supply | 第26-31页 |
| ·Influence of USD/RMB exchange rate adjustments on net exports | 第31-35页 |
| ·Influence of USD/RMB exchange rate adjustments on China’s house price | 第35-36页 |
| ·A summary of impact of “discrete significant exchange rate shocks” | 第36-37页 |
| ·Empirical study on the influence of RMB’s “gradual appreciation” | 第37-44页 |
| ·The intuition of interest fluctuation’s influence on the trade structure | 第37页 |
| ·Choice of variables | 第37-38页 |
| ·The regression model | 第38-43页 |
| ·A summary of empirical study on influence of RMB’s “gradual appreciation” | 第43-44页 |
| 6.Conclusions | 第44-46页 |
| Bibliography | 第46-48页 |
| Acknowledgments | 第48-50页 |
