人民币升值之争的理论反思:新制度金融学的解释  

The Theoretical Explanation of the Arguments on the Problem of RMB Appreciation in Neo-Institutional Finance

作　　者：江春[1] 

机构地区：[1]武汉大学经济发展研究中心暨金融系,湖北武汉430072

出　　处：《中南财经政法大学学报》2004年第6期41-48,共8页Journal of Zhongnan University of Economics and Law

基　　金：国家自然科学基金"人民币自由兑换的制度基础研究"(70273030)

摘　　要：人民币汇率政策目前之所以处于两难境地,其症结完全在于中国的产权制度存在着缺陷,人民币升值之争的实质是制度变革之争。解决人民币汇率问题的正确顺序应该是:先进行产权改革以建立合理的产权制度,从而创造真正有效的市场机制,然后在此基础上实行浮动汇率制度。This paper argues that the current arguments on the problem of RMB appreciation did not touch the critical point of the problem. Recently, the reason why the policy of RMB exchange rate is in dilemma is totally due to the shortage of the policy of Chinese property right. In this case, the essence of all the arguments on the appreciation of RMB is the arguments on the policy reform. Therefore, the author puts forward the correct sequence to solve the problem of RMB exchange rate: The first step is to carry out the property rights reform in order to establish the reasonable property rights system, and then the real effective market mechanism will be created. In this case, the floating exchange rate regime can be adopted.

关 键 词：人民币升值 产权 市场机制 浮动汇率40度 

分 类 号：F830.7[经济管理—金融学]