探寻与人民币资本项目可兑换相适应的资本管理工具  

To Explore Appropriate Capital Management Tools for Capital Account Convertibility of the RMB

作　　者：唐珏岚[1] 

机构地区：[1]上海行政学院,中国上海200233

出　　处：《上海商学院学报》2013年第6期6-9,共4页Business Economic Review

摘　　要：人民币资本项目可兑换在自贸试验区先行先试,可促使我国进一步融入全球资本市场,充分获取贸易投资便利化的好处,但同时,也增加了与不稳定短期资本流动相联系的风险。使用托宾税式的税收工具管理资本流动与资本项目可兑换性之间并不矛盾。从各国实践来看,无息准备金是托宾税最常用的形式。尽管这一政策工具只能在短期内有效,但它可以为一国赢得宝贵的政策时间和空间。To try the RMB capital account convertibility in the China(Shanghai)Pilot Free Trade Zone will contribute to China's further integration into the global capital market and help China gain access to the benefits of trade and investment facilitation.At the same time,it has also increased the risks associated with volatile short-term capital flows.To manage capital flow by the Tobin tax tools will not go against capital account convertibility.The practice of other countries has indicated that interest reserve is the most commonly used form of Tobin tax.Although this policy can only be effective in the short term,it brings valuable policy time and space.

关 键 词：资本项目可兑换 托宾税 无息准备金 

分 类 号：F832.6[经济管理—金融学]