综合分析本国货币供给一次性增加对汇率的影响

<p><span style="caret-color: rgb(30, 31, 36); color: rgb(30, 31, 36); font-family: -apple-system-font, " Helvetica Neue PingFang SC Hiragino Sans GB Microsoft YaHei sans-serif font-size px font-style normal font-variant-caps normal font-weight letter-spacing normal orphans auto text-align start text-indent px text-transform none white-space normal widows auto word-spacing px -webkit-tap-highlight-color rgba -webkit-text-size-adjust auto -webkit-text-stroke-width px background-color rgb text-decoration none display inline important float none>货币供给增加对汇率的长期影响和短期影响</span><br><span style="caret-color: rgb(30, 31, 36); color: rgb(30, 31, 36); font-family: -apple-system-font, " Helvetica Neue PingFang SC Hiragino Sans GB Microsoft YaHei sans-serif font-size px font-style normal font-variant-caps normal font-weight letter-spacing normal orphans auto text-align start text-indent px text-transform none white-space normal widows auto word-spacing px -webkit-tap-highlight-color rgba -webkit-text-size-adjust auto -webkit-text-stroke-width px background-color rgb text-decoration none display inline important float none>浮动汇率制度下，货币供给增加将导致货币市场供给增加，LM 曲线右移，利率下降。根据利率平价理论，利率下降将导致国际热钱大量流出，国际市场上本币供过于求，本币即期汇率下降。</span><br><span style="caret-color: rgb(30, 31, 36); color: rgb(30, 31, 36); font-family: -apple-system-font, " Helvetica Neue PingFang SC Hiragino Sans GB Microsoft YaHei sans-serif font-size px font-style normal font-variant-caps normal font-weight letter-spacing normal orphans auto text-align start text-indent px text-transform none white-space normal widows auto word-spacing px -webkit-tap-highlight-color rgba -webkit-text-size-adjust auto -webkit-text-stroke-width px background-color rgb text-decoration none display inline important float none>长期来看，货币供给增加最终导致国内物价水平上涨，通货膨胀率上升，根据相对购买力平价理论，本币在长期贬值，因此货币供应量增加在短期和长期都使得本币汇率下降。</span></p>