国际金融危机背景下我国外汇储备管理思考  

Thinking on China Foreign Exchange Reserves Management under the Background of International Financial Crisis

作　　者：周江银[1] 

机构地区：[1]福建金融职业技术学院金融系,福建福州350007

出　　处：《广西财经学院学报》2009年第4期65-70,共6页Journal of Guangxi University of Finance and Economics

摘　　要：我国外汇储备规模庞大,结构上过度集中于美元和美元资产。这不仅面临美元贬值的汇率风险,还面临美国国债、机构债等产品的市场价值下跌的收益风险以及外汇储备的货币错配风险等。鉴于国际金融危机还可能进一步加深,我国外汇储备管理一方面要扩大内需,主动控制外汇储备规模的快速增长,减少对外汇储备管理所带来的压力。另一方面,在既定的外汇储备规模下,要中长期努力实现币种多元化,渐进地增量减持美元资产,多元化合理利用外汇储备,发挥国家外汇储备的积极作用,进而提出人民币国际化是最终解决中国外汇储备管理问题的长期策略。China has enormous foreign exchange reserves, the structure of which focuses excessively on U. S. dollars and U. S. assets. This confronts China not only with the exchange rate risk of dollar depreciation, but also with the yield risk of market value decline of the products such as American national debts and agency debts, as well as the risk of currency mismatch of foreign exchanges. Due to the possibility of further intemational financial crisis, it is necessary for China foreign exchange reserves to expand domestic demand; on the other hand, within the planned scale of foreign exchange reserves, efforts should be made to diversify currency in mid - and long term, gradually reduce the dollar assets, make rational use of foreign exchange reserves in a diversified manner, and bring the state foreign exchange reserves into active play. RMB internationalization is the long term strategy of solving the issue of foreign exchange reserves management.

关 键 词：国际金融危机 外汇储备风险 外汇储备管理 

分 类 号：F830.92[经济管理—金融学]