journal6 ›› 2008, Vol. 29 ›› Issue (2): 126-128.

• 经济 • 上一篇    

国际资金流动管制的放宽对我国经济内外均衡的影响及对策

  

  1. (湖南文理学院,湖南 常德 415000)
  • 出版日期:2008-03-25 发布日期:2012-05-25
  • 作者简介:刘刚毅(1973-),男,湖南汉寿人,湖南文理学院讲师,硕士,主要从事金融市场与管理研究。

Influence of International Capital Flow Control Relaxation to the Inside and Outside Balance in China and the Countermeasures

  1. (Hunan University of Arts & Science,Changde 415000,Hunan China)
  • Online:2008-03-25 Published:2012-05-25

摘要:固定汇率政策长期内的非持续性是亚洲金融危机的重要教训之一,而我国货币当局也正是通过资本管制来维持固定汇率安排,这种方法的经济与社会成本随着对外开放程度提高而加速增加,在国际资金流动管制放宽的条件下,实行固定汇率管制政策的经济成本会超过其收益.笔者认为:采取富有弹性的人民币汇率制度安排,放宽人民币汇率的波动幅度;加快实现人民币利率市场化改革;改变由央行承担在外汇市场上买卖外汇供求差额的做法,用外汇平准基金这一国际惯例来稳定汇率水平.

关键词: 贸易性资本, 金融性资本, 内外均衡

Abstract: Non-endurance in long-term of the fixed rate of exchange policy is one of important lessons to the financial crisis in Asia.However, currency authority in China just maintains the fixed rate of exchange arrangement through the capital control.The cost of this method accelerates the increase with the opening to the outside world.Under the international capital flow control relaxation condition,the cost of implementing the fixed rate of exchange surpasses its income.The corresponding countermeasure is adopting the  elastic system arrangement to Renminbi exchange rate,especially the relaxation fluctuation;speeding up the marketability reform of Renminbi interest rate;stabilizing the exchange rate level by international convention,instead of by the central bank in the foreign exchange market buying or selling to supply and demand the difference.

Key words: trade-type capital, finance capital, the inside and outside balance

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