外汇储备规模、汇率与货币国际化——基于日元的实证研究

发布时间：2018-03-10 14:44

本文选题：外汇储备规模　切入点：汇率　出处：《西南民族大学学报(人文社科版)》2017年03期 　论文类型：期刊论文

【摘要】：本文研究了外汇储备规模、汇率与货币国际化之间的关系。理论研究表明,一国货币的国际化程度与本币汇率水平和汇率的波动率负相关,外汇储备规模对货币国际化的影响取决于外汇储备的相对规模,当外汇储备规模低于最优规模时,外汇储备规模增加降低了该国货币国际化程度;当外汇储备规模超过最优规模时,外汇储备规模增加能够提高该国货币化程度。日元的实证研究验证了理论假说,且日本外汇储备规模的增加降低了日元国际化程度,本文认为外汇储备规模对日元国际化的抑制是由于日本外汇储备"不足"而非外汇储备规模"过度"。
[Abstract]:This paper studies the relationship between the size of foreign exchange reserves, exchange rate and currency internationalization. The theory research shows that a country's currency internationalization and the currency exchange rate and exchange rate volatility is negatively related to the scale of foreign exchange reserves on the internationalization of currency depends on foreign exchange reserves of the scale, when the scale of foreign exchange reserves is less than the optimal size, scale the increase of foreign exchange reserve reduced the currency internationalization; when the size of foreign exchange reserves over the optimal scale, the scale of foreign exchange reserves increased to improve the country's monetary degree. An Empirical Study on the yen to verify the theoretical hypothesis, and increase the scale of foreign exchange reserves to reduce the degree of internationalization of the yen, the scale of foreign exchange reserves to suppress the yen internationalization is due to foreign exchange reserves "Japan" rather than the size of foreign exchange reserves over. "

【作者单位】：厦门大学经济学院;
【基金】：国家自然科学基金项目“动态视角下的中国外汇储备全面风险管理”(71473208) 教育部哲学社会科学重大课题攻关项目“我国外汇储备的科学管理及战略问题研究”(12JZD027)阶段性成果
【分类号】：F833.13

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