我国外汇储备过多的风险及管理对策

按照外汇储备适度性标准,我国过度持有的外汇储备高达1万多亿美元。过度持有外汇储备面临泡沫经济风险和外汇储备稳定性风险。如何控制外汇储备的超常增长,开拓有效使用外汇储备的渠道,就成为我国经济运行中急待解决的问题。本文对各国外汇储备管理制度加以概括,并在此基础上提出了构建新的管理模式、监控和打击投机资本、弥补养老金和社会保障缺口、提高外商直接投资准入门槛、推动外汇储备投资多元化和拓宽政策性金融业务等有效使用外汇储备的思路和对策。

Risk of China''''s Excessive FX Reserve and Management Countermeasures

According to the FX reserve adequacy criteria,China's excessive FX reserve reaches above 1 trillion dollars,this leads to bubble economy risk and FX reserve stability risk.How to control the abnormal reserve increase and carve out the channels for making use of reserve efficiently? All the above have become Chinese economy's problems that need urgent solution.This paper summarizes the FX reserve management model of industrial and developing countries and brings forward six countermeasures in order to use FX reserve more efficiently.