外汇做市商制度及其对人民币汇率形成机制的影响  

The Foreign Exchange Market Maker System and Its Influence on the RMB Exchange Rate Formation Mechanism

作　　者：林孝成[1] 

机构地区：[1]厦门理工学院,福建厦门361005

出　　处：《重庆大学学报（社会科学版）》2006年第6期24-28,共5页Journal of Chongqing University(Social Science Edition)

摘　　要：外汇做市商制度具有活跃外汇交易,提高外汇市场流动性等特殊功能,因此外汇做市商必须具备雄厚的资金实力、管理库存外汇风险的能力以及准确的报价能力。此外,外汇做市商制度对人民币汇率形成机制(银行间外汇市场报价制度、发挥利率对汇率的作用、促进外汇市场发展等三个方面)具有重要影响,中国在引入外汇做市商的过程中必须进行相应的配套改革。This thesis studies the function of foreign exchange market maker as stimulating foreign exchange,increasing the liquidity on the foreign exchange market. The thesis analyzes that being a foreign exchange market maker needs strong capital backup, requires the ability of managing foreign exchange risk and the ability to quote prices accurately. The thesis also proves that foreign exchange market maker impacts the inter - bank exchange rate quoting system, under which generates the RMB exchange rate system. It goes on to prove that foreign exchange market maker increases the influence that interest rate has on exchange rate and that it is beneficial to the development of the foreign exchange market. Lastly, the thesis argues that China needs to have complementary reform measures after importing the foreign exchange market maker.

关 键 词：外汇做市商 汇率形成机制 影响 配套措施 

分 类 号：F830.9[经济管理—金融学]