'Currency Manipulator'and the Financial Game of Sino-US

摘要

The US Semi-Annual Report to Congress on International Economic and Exchange rate policies regarded China as "Currency Manipulator", this report put pressure on Yuan Appreciation with the excuse of currency manipulation to effect China's exchange policy. Although the issue of "currency manipulation" isn't intensified due to China's effort on the coordination with US, with the integrative communication of world finance becoming more frequent, the financial conflicts will be inevitable between China and US or other countries in future. The author Makes use of a game theory to analyze prediction behaviors and practice behaviors of both parties respectively in the game of Sino-US currency manipulation, and the optimization strategy is studied in this paper. The author abstracts the basic elements from the complicated financial phenomenon, and gives an analysis on element-constitution model. Based on the analysis, the strategy of dealing with financial conflicts is discussed further in this paper.