中国外汇储备适度规模研究

发布时间：2018-01-12 01:31

本文关键词：中国外汇储备适度规模研究　出处：《内蒙古大学》2012年硕士论文　论文类型：学位论文

【摘要】：近年来,中国外汇储备数量大量增加,在2006年2月达到8536.72亿美元,一举超过日本越居世界第一,中国外汇储备规模发生了历史性的变化。根据最新统计数据,在2012年3月末,中国外汇储备数量高达33049.71亿美元,继续领跑世界。在各类储备资产中,外汇储备因其使用极为灵活、方便而具有无与伦比的流动性,在我国国际储备中的绝对量和比重都日益增加。但是,外汇储备绝非越多越好,我国庞大的外汇储备规模为外汇储备的管理带来了严峻的挑战,外汇储备适度规模问题自然引起了广泛的关注,成为理论界和学术界研究的焦点。当前我国持有巨额外汇储备且资产价值面临缩水风险的背景下,如何科学合理地确定我国外汇储备的适度规模,对加强外汇储备的管理有着重要的意义。本文以外汇储备适度规模理论的发展为视角,对各种外汇储备适度规模理论进行了分析、总结和简单的评价,详细介绍了国内外相关研究的最新进展,即基于效用最大化模型研究—国外汇储备的适度规模,并在该模型的基础上得出了我国外汇储备的适度规模区间。最后从外汇储备规模管理的角度,探究在保证储备资产安全性和流动性的前提下,如何通过多种渠道提高它的收益性和使用效率,尽量为加强我国外汇储备的管理水平提供新的思路。
[Abstract]:In recent years, China's foreign exchange reserves have increased significantly, reaching $eight hundred and fifty-three billion six hundred and seventy-one million nine hundred and ninety-nine thousand and nine hundred and ninety-nine in February 2006, overtaking Japan as the largest in the world. The scale of China's foreign exchange reserves has undergone a historic change. According to the latest statistics, at the end of 2012, China's foreign exchange reserves amounted to US $three tillion three hundred and four billion nine hundred and seventy-one million. Continue to lead the world. Among all kinds of reserve assets, foreign exchange reserves have unparalleled liquidity because of their extremely flexible use and convenience, and the absolute amount and proportion in China's international reserves are increasing day by day. The foreign exchange reserve is not the more the better, our country's huge foreign exchange reserve scale has brought the stern challenge to the foreign exchange reserve management, the foreign exchange reserve moderate scale question has caused the widespread concern naturally. Under the background that our country holds huge foreign exchange reserve and the value of assets is facing the risk of shrinking, how to determine the appropriate scale of our country's foreign exchange reserve scientifically and reasonably. It is of great significance to strengthen the management of foreign exchange reserves. From the perspective of the development of the theory of appropriate scale of foreign exchange reserves, this paper analyzes various theories of appropriate scale of foreign exchange reserves, summarizes and simply evaluates, and introduces in detail the latest progress of relevant research at home and abroad. Based on the utility maximization model, this paper studies the appropriate scale of China's foreign exchange reserves, and on the basis of the model, obtains the appropriate scale range of China's foreign exchange reserves. Finally, from the perspective of the scale management of foreign exchange reserves. On the premise of ensuring the safety and liquidity of reserve assets, this paper explores how to improve its profitability and utilization efficiency through various channels, so as to provide new ideas for strengthening the management level of China's foreign exchange reserves as far as possible.
【学位授予单位】：内蒙古大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.6

【引证文献】