关键词: 经济虚拟化, 汇率, 资本流动, 价值系统

Abstract: With the economic virtualization, value system becomes the key to the whole market economy and the material production and circulation. Exchange rates, price ratios of virtual assets and real goods, are the relationship among the value systems of two or more countries. Traditional exchange rate theories are found to be weaker. By reviewing classical trade theory, comparative advantage theory, Mundell-Fleming model, assets portfolio balance model and money analysis, this paper shows that it is the international capital flows that weaken the traditional theories under the economic virtualization.

Key words: economic virtualization, exchange rate, capital flow, value system