资本项目可兑换与汇率制度的互动协调分析  

Analysis of the Interaction and Coordination between Capital Account Convertibility and Exchange Rate Regime

作　　者：何慧刚[1] 

机构地区：[1]复旦大学金融研究院,上海200433

出　　处：《国际经贸探索》2007年第6期40-44,共5页International Economics and Trade Research

基　　金：中国博士后科学基金(20060400596);湖北省科学研究计划项目(Q200619001)

摘　　要：资本项目可兑换与汇率制度相互作用、相互协调。一方面,市场化汇率制度是资本项目可兑换的前提和基础;另一方面,资本项目可兑换决定均衡汇率,并促进汇率制度弹性化和市场化。随着中国经济不断发展和日益融入国际经济体系,中国应进一步开放资本项目,相应地逐步增大汇率制度的弹性空间,最终实现资本项目可兑换和浮动汇率制度。Capital account convertibility and exchange rate regime interact and coordinate with each other. On the one hand, market exchange rate regime is the premise and foundation of capital account convertibility; on the other hand, capital account convertibility determines the equilibrium exchange rate and promotes the exchange rate regime to be flexible.With the further development of China＇s economy and with its further mergence into international economic system,China is suggested to further its capital account convertibility process,and accordingly,to increase the flexibility of RMB exchange rate regime,so as to fulfill its ultimate goal of capital account convertibility and floating exchange rate regime.

关 键 词：资本项目可兑换 汇率制度选择 互动协调 

分 类 号：F830.7[经济管理—金融学]