本文简要阐述了资本项目开放下的汇率开放、资本的双向流动和人民币国际化的宏观经济影响,这对调节本国经济的内外平衡,保持货币政策的独立性具有重要的现实意义,结论指出利率市场化和汇率市场化是央行改革的关键。 This article briefly describes the macroeconomic impact of the liberalization of exchange rates, the two-way flow of capital and the internationalization of RMB under the liberalization of capital account. It is of great realistic significance to regulate the internal and external balance of domestic economy and maintain the independence of monetary policy. The conclusion shows that interest rate market Marketization of the exchange rate and the central bank reform is the key.