| 人民币汇率与中国的货币控制 |
| |
| 引用本文： | 李研妮,冉茂盛.人民币汇率与中国的货币控制[J].商业研究,2011(3):6-10. |
| |
| 作者姓名： | 李研妮 冉茂盛 |
| |
| 作者单位： | 重庆大学,经济与工商管理学院,重庆,400030 |
| |
| 基金项目： | 重庆市教委科技项目;项目 |
| |
| 摘 要： | 本文以近期掀起的又一轮呼吁人民币升值的讨论为背景,再次对人民币汇率以及中国货币控制进行分析。通过分析因人民币升值而引起的中国所面临的货币困境,以及解决困境所采取的措施(即建立CIC和对流动性的对冲操作),评论了措施的局限性,并从汇率的利率平价理论入手分析人民币汇率与中国货币控制的互动关系;借鉴日本经验分析并佐证了关于汇率的几个错误概念,提出近期应去除人民币单向升值的预期,只有保持汇率相对稳定才有利于中国经济发展。
|
| 关 键 词： | 人民币汇率 对冲操作 货币控制 利率平价 |
RMB Exchange Rate and China's Monetary Control |
| |
| LI Yan-ni,RAN Mao-sheng.RMB Exchange Rate and China's Monetary Control[J].Commercial Research,2011(3):6-10. |
| |
| Authors: | LI Yan-ni RAN Mao-sheng |
| |
| Institution: | LI Yan-ni,RAN Mao-sheng(College of Economics & Business Administration,Chongqing University,Chongqing 400030,China) |
| |
| Abstract: | This paper takes another round discussion of RMB appreciation as background to analyze RMB exchange rate and China′s monetary control again.It analyzes Chinese monetary dilemma caused by RMB appreciation and comments on the limitations of the measures(the establishment of CIC and the hedge operation of liquidity) to resolve that dilemma.From the view of interest parity theory,the interaction of RMB exchange rate and China′s monetary control is analyzed deeply.Several misconceptions about exchange rate are analyzed and proved by the experience of Japan.Authors suggest that one-way bet that RMB would appreciate should be removed and maintaining a stable exchange rate would be helpful to China′s macroeconomic development. |
| |
| Keywords: | RMB exchange rate hedge operation monetary control interest parity |
| 本文献已被 CNKI 万方数据 等数据库收录！ |
|
