中国流入热钱的测算及监管
发布时间：2018-12-21 07:56
【摘要】：中国经济的强劲增长，伴随着中国资本项目自由化程度地不断提高，国内金融市场的不断开放，使得外商在华投资取得了丰厚的利润，同时也受到国际热钱的亲睐。热钱在21世纪初流入中国，到2004年以后已呈规模化，近年来，，由于人民币升值预期的加大，加之主要发达国家的经济形势不佳，导致热钱通过各种渠道隐蔽的、大规模的流入中国。大量国际热钱的流入对中国经济稳定带来了潜在的威胁，引起全国各界的广泛关注。 本文首先对流入中国的热钱的途径进行了分析，在现有文献的基础上，对热钱流入国内的渠道进行了分析，并基于月度数据，对2002年7月-2011年12月每月流入中国的热钱规模进行了测算,得出中国热钱呈现出规模不断膨胀、波动幅度增大的结论，加强对中国热钱流入的管制势在必行。其次，本文挑选了比较典型的国际上对热钱流动监管的经验进行分析，并系统的描述了近年来中国管制政策的变化，指出中国跨境资本监测存在的问题，在经验比较分析的基础上，给予中国监管热钱更系统全面的建议。
[Abstract]:With the development of China's capital account liberalization and the opening of the domestic financial market, the strong growth of Chinese economy has made the foreign investment in China make a fat profit, and it is also favored by the international hot money. Hot money flowed into China at the beginning of the 21st century and has been on a large scale since 2004. In recent years, due to the increase in the expectation of RMB appreciation and the poor economic situation in the major developed countries, hot money has been hidden through various channels. A massive influx into China. The inflow of a large amount of international hot money has brought a potential threat to China's economic stability and aroused widespread concern throughout the country. This paper first analyzes the ways of hot money flowing into China, and based on the existing literature, analyzes the channels of hot money flowing into China, and based on monthly data, This paper calculates the monthly hot money inflow into China from July 2002 to December 2011, and draws the conclusion that the scale of hot money in China is expanding and the fluctuation range is increasing. It is imperative to strengthen the control of hot money inflow in China. Secondly, this paper selects the typical international experience to analyze the regulation of hot money flows, and systematically describes the changes in China's regulatory policies in recent years, and points out the problems of cross-border capital monitoring in China. On the basis of comparative analysis of experience, give China more systematic and comprehensive suggestions for supervision of hot money.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.6
本文编号：2388620
[Abstract]:With the development of China's capital account liberalization and the opening of the domestic financial market, the strong growth of Chinese economy has made the foreign investment in China make a fat profit, and it is also favored by the international hot money. Hot money flowed into China at the beginning of the 21st century and has been on a large scale since 2004. In recent years, due to the increase in the expectation of RMB appreciation and the poor economic situation in the major developed countries, hot money has been hidden through various channels. A massive influx into China. The inflow of a large amount of international hot money has brought a potential threat to China's economic stability and aroused widespread concern throughout the country. This paper first analyzes the ways of hot money flowing into China, and based on the existing literature, analyzes the channels of hot money flowing into China, and based on monthly data, This paper calculates the monthly hot money inflow into China from July 2002 to December 2011, and draws the conclusion that the scale of hot money in China is expanding and the fluctuation range is increasing. It is imperative to strengthen the control of hot money inflow in China. Secondly, this paper selects the typical international experience to analyze the regulation of hot money flows, and systematically describes the changes in China's regulatory policies in recent years, and points out the problems of cross-border capital monitoring in China. On the basis of comparative analysis of experience, give China more systematic and comprehensive suggestions for supervision of hot money.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.6
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