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货币贬值会鼓励出口,增加外汇收入,本币投放增加;货币升值则会减少进口,使外汇支出减少,货币回笼增加。因此货币贬值会扩大货币供应量,引起物价水平上升,促使利率水平下降,这会带来通货膨胀的效应。但通货膨胀又会引起货币需求的增加和利率的上升,对一般国家来说,随汇率贬值而来的总是利率的上升#货币银行学#

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