It was a good chance for me to come to the Federal Reserve Bank of Boston, and after the presentation of a leader in the system, I felt I had understood a lot of information about the money-influencing in the overall economy. As one of the majestic nations in the world, finacing makes the U.S. become stranger and stranger.
As you may probably know, there are about two-third of cheak of dollar are in the oversea economy. And that means lots of countries are using dallor as the native capital to do some exchanges.
When we talk about the economy of the United States, we must think about the Chinese economy. As these two countries are both exange goods and serveices by ecports and imports, many money flow between this two country. But almost the time, China likes win more in the international trade, which lead the U.S. Gov't cry for growth on the velue of RMB.
But for my situation, I have not really understood the real impacts or influences would be if the velue of RMB is increased. So, this is a good topic for me to find out.
One thing that I'd like to point out is the Bank of America is not the native bank of the US, but the bank of Itly and become the bank of America is because of the finacial Aid in a crisis, that is no banks could lend money to the citizens at all exept this bank. At that time the banks saves a lot of people, and peopel may thanks to it and call it the bank of America.
After all, I hope you all could have some communicate with me if you have any comments with the value rise of RMB.
It is ture that Federal Reserve Bank of Boston is to give the value of the money to such a piece of paper.
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