我国美元外汇储备最优比例区间的实证分析  

The Empirical Analysis of the Optimal Proportion for U.S. Dollar Reserves Among China's Foreign Exchange Reserves

作　　者：马轶群[1] 江豆[1] 

机构地区：[1]澳大利亚昆士兰大学国际经济与金融学院

出　　处：《西安财经学院学报》2010年第6期5-9,共5页Journal of Xi’an University of Finance & Economics

摘　　要：截至2009年底,我国外汇储备达到23 000多亿美元,储备总量已达世界第一,并关系到我国国际收支和外汇市场的稳定。因此,分析研究当前我国外汇储备中美元储备可能的最优比例区间就显得尤为重要。文章分析了影响我国美元储备收益的主要因素,并采用相关回归和现代资产组合模型进行实证分析,得出美元储备在相关因素下可能的最优比例区间。根据所得结论,对我国的美元储备比例区间提出相应的建议。Based on the end of 2009 statistical data,China＇s foreign exchange reserves have reached about 2300 billion U.S.dollars,which ranks the first in the world and affects the stability of the balance of payments and foreign exchange market.It is clear that the analysis of the optimal proportion for U.S.dollar reserve is crucial in China.This essay will start by analyzing the main factor of affecting U.S.dollars reserves earnings and then apply regression and portfolio model to the problems.Finally,it will get the optimal ratio range of our foreign exchange reserve and put forward the recommendation on the optimal ratio range of our US dollar reserve.

关 键 词：外汇储备 美元储备 相关回归 资产组合 

分 类 号：F832.6[经济管理—金融学]