| 摘要 | 第1-5页 |
| ABSTRACT | 第5-8页 |
| Chapter 1:Introduction | 第8-17页 |
| ·Why is the exchange rate so important? | 第8-11页 |
| ·Inputs allocation between tradable goods and non-tradable goods | 第8-10页 |
| ·Relative value of a nation's assets | 第10-11页 |
| ·Exchange rate manipulations and their sustainability | 第11-15页 |
| ·Motivations of manipulating exchange rate | 第11-13页 |
| ·The sustainability of exchange rate manipulations | 第13-15页 |
| ·A Better Understanding of Foreign Exchange Theories | 第15-17页 |
| Chapter 2:Theoretical Background | 第17-35页 |
| ·Purchasing Power Parity and Exchange Rate | 第17-24页 |
| ·The Law of One Price | 第17-19页 |
| ·Absolute Purchasing Power Parity | 第19-22页 |
| ·Relative Purchasing Power Parity | 第22-23页 |
| ·Deficiencies of Purchasing Power Parity | 第23-24页 |
| ·Interest Rate Parity:Assets Approach to Exchange Rate | 第24-31页 |
| ·The Rate of Return | 第26页 |
| ·Real Rate of Return | 第26-27页 |
| ·Asset Returns and Exchange Rate | 第27-29页 |
| ·Equilibrium in the Foreign Exchange Market | 第29-30页 |
| ·The Equilibrium Exchange Rate | 第30-31页 |
| ·Monetary Approach to the Exchange Rate Determination | 第31-35页 |
| ·Equilibrium in the Money Market | 第32-33页 |
| ·Fundamental Monetary Approach Equation | 第33-35页 |
| Chapter 3:Literature Review | 第35-39页 |
| ·Studies on PPP | 第35-36页 |
| ·Studies on Interest Rate Parity | 第36-38页 |
| ·Monetary Approach Studies | 第38-39页 |
| Chapter 4:Empirical Tests and Evaluations | 第39-76页 |
| ·Data and Empirical Test Process Description | 第40-43页 |
| ·Purchasing Power Parity Test | 第43-55页 |
| ·Absolute Purchasing Power Parity Test | 第43-47页 |
| ·Relative Purchasing Power Parity Test | 第47-53页 |
| ·Purchasing Power Parity:Evaluation and Explanation | 第53-55页 |
| ·Interest Rate Parity Test | 第55-64页 |
| ·Interest Parity:USD/CAD case | 第56-58页 |
| ·Interest Parity:GBP/EUR case | 第58-61页 |
| ·Interest Rate Parity:Evaluation and Explanation | 第61-64页 |
| ·Monetary Approach to Exchange Rate Determination | 第64-76页 |
| ·Monetary Approach:USD/CAD case | 第66-69页 |
| ·Monetary Approach:GBP/EUR case | 第69-73页 |
| ·Monetary Approach:Evaluation and Explanation | 第73-76页 |
| Chapter 5:Further Implications | 第76-86页 |
| ·Data Can Make a Difference | 第76-78页 |
| ·Taking the Problem of Multicollinearity into Consideration | 第78-80页 |
| ·Exchange Theory between A Big Economy and A Small Economy is Needed | 第80-82页 |
| ·Two Phenomenon & One explanation | 第82-84页 |
| ·How Could Empirical Study be improved? | 第84-86页 |
| Bibliography | 第86-91页 |
