CAJ | 학술논문

Summary： This argument is primarily to demonstrate the reason that exchange rate adjustment can curb the inflation in China and to illustrate the defection that ＂tight＂ monetary policy lies in the anti-inflation activities. The reason is mainly concerned with the efficiency exchange rate policy has to address the inflation issues brought by excessive money supply as well as the need to maintain the relatively low prices in international commodity and to promote the economic restructuring . The defection from tight monetary policy is chiefly about its inability in cutting off liquidity and taping the domestic market potential.