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Since 2002, the economic and financial globalization, set off a climax more violent than in the 1990s, continues to expand the breadth and depth of the financial markets, the number of global arbitrage funds to accelerate surging, the brilliant performance of the economy and lead to the outside world for the appreciation of the renminbi strongly expected. In addition, since 2002, as a major international currency, the U.S. dollar continued to depreciate, to peg the dollar the currency is too high in the dollar or a basket of currencies of many Asian currencies, especially the RMB has brought great pressure to appreciate. In this context, the flow of \a greater impact on the formulation of monetary policy. Related problems: first, the \However, no matter what angle standing look hot money, must first be aware of its concept; Second elaborate analysis of the hot money problem, we must first understand the flow of the approximate scale, in order to estimate the impact on the economy and affecting, do hearts There are several; Third, the most critical problem is that these \The system is perfect and satisfactory execution and be perfect for omissions. Around the content, the paper is divided into four parts: the first part of the definition of \The theory of classification and induction of hot money to do a comprehensive exposition; second part of the size of the estimate of the inflow of hot money. In this paper, a variety of theoretical study on the scale of hot money, using a variety of methods to estimate the measurement of the overall scale of hot money in China; analysis of the third part of the inflow of hot money channels. I believe that this part has a certain theoretical significance, the first section details the hot money inflows of channels of the possible inflow ways as detailed as possible summarized, mainly through the often under the capital account, the individual under , four aspects of the analysis of the underground banks, in a relatively prominent position in the domestic research in this area. Secondly, the part has a certain practical significance, by sorting the inflow of hot money may, for policy makers to provide a reasonable strong basis for the supervision of the work to achieve targeted; research on the fourth part of the hot money inflows regulatory issues. First of all, the first based on the summary text hot money inflow channels, combined with China's regulatory actual proposed in policy formulation and implementation, and on this basis to try to explore to hot money control mechanism suitable for China's national conditions and policy recommendations.
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