摘要在当今世界经济全球化发展的背景下,外汇储备对一国经济的均衡稳定起着十分重要的作用。其功能包括调节国际收支,干预外汇市场,维护国际声誉,增强综合国力。伴随着我国经济的飞速发展,外汇储备量每年都在不断增加,截止到2012年12月,我国的外汇储备额已攀升到33115.89亿美元,且60%-70%左右为美元资产。不可否认,我国外汇储备增长如此迅速,说明我国经济实力正在逐渐强大,但我们是否应该考虑,如此高额的外汇储备是否对我国未来经济发展来说都是有利的?众所周知,美元在2007年的美国次贷危机中不断贬值。伴随着我国经济的腾飞,我国所拥有的大量的外汇也带来了巨大的机会成本,美元在我国外汇储备中超过一半的权重使得我国的外汇资产收到巨大损失。本文分析了我国外汇来源结构,并着重研究了当前我国的外汇储备中各种货币所占权重与我国经济发展是否相符,如果不符合,如何优化现阶段外汇储备结构以达到最优。这对探索我国外汇储备管理的合理途径,增强我国的综合实力,使我国经济平衡稳定的发展有着重要的理论价值和现实意义。64845
关键词 外汇储备 来源结构 币种优化选择 政策建议
毕业论文 外 文 摘 要
Title STUDY ON SOURCES OF CHINA's FOREIGN EXCHANGE RESERVES AND POLICY ANALYSIS
Abstract
Foreign exchange reserves as a manifestation of the strength of a country's wealth, plays a very important role in the regulation of the international balance of payments, the maintenance of international reputation, To maintain exchange rate stability and enhance the international competitive advantage. With the rapid development of China's economy, the annual amount of foreign exchange reserves are increasing, As of December 2012, China's foreign currency reserves have climbed to $ 3,311,589,000,000, and 60% -70% more than the U.S. dollar assets. Such a rapid growth of China's foreign exchange reserves, on one hand, the rapid pace of China's economic development, economic strength began to grow, but on the other hand, we had doubts that such a high level of foreign exchange reserves is favorable for China's future economic development ? 2007 U.S. subprime mortgage crisis broke out, which accelerated the depreciation of the dollar. Our country's foreign exchange reserves assets has been written down as a result of scale is continually expanding while the faced with the the ever-rise the opportunity cost of, due to presentation of the effects of the that while the suffered a huge and used for the purpose of In terms of the currency structure is too concentrated As at the investment of the dollar and the U.S. dollar assets the foreign exchange reserves value of the the loss of of the "shrink". China's foreign exchange reserves in various types of currency structure is in line with China's economic development? China's foreign exchange reserves in various types of currency structure is in line with China's economic development? Examine these issues to promote China's internal and external balance of the national economy, the coordinated development has important theoretical value and practical significance.
Keywords
Foreign exchange reserves, Currency structure,
Currency selection and optimization, Policy recommendations
目 次
1 引言1
1.1 研究背景 1
1.2选题意义1
1.4 框架结构 2
2 外汇储备结构的理论基础 2
2.1 科学管理外汇储备 2
2.2 外汇储备币种结构管理的原则 3
2.3 理论模型 4