欧元区主权债务风险对我国外汇储备安全的启示  

From Eurozone sovereign debt risk in the post-crisis era to see the the restructuring of China's international reserves

作　　者：王晓钧[1] 刘力臻[1] 

机构地区：[1]东北师范大学经济学院

出　　处：《亚太经济》2010年第6期25-31,共7页Asia-Pacific Economic Review

基　　金：国家软科学项目"外部冲击与中国外汇储备安全战略研究"(2009GXS5D104)成果之一

摘　　要：在后危机时代欧洲主权债务问题频发背景下,作者研究了我国最大债务国美国的国债风险及对我国外汇储备造成的冲击,总结了欧洲主权债务危机给予后危机时代我国外汇储备管理的启示。通过对美国未来财政预算计划可持续性分析及美国国债利息成本的估算,发现美国财政状况比欧洲主权债务危机国家更加严重,这将加大我国持有美国国债的风险。我国应以欧元区债务危机给美国国债、黄金等储备资产带来的影响为借鉴,抓住机遇调整外汇储备资产结构,降低外汇储备风险。At Eurozone sovereign debt problem frequently ourbreaks background, the paper studied that the risk of U. S. government bonds and the impact of China＇s foreign exchange reserves, Summed up the revelation which Eurozone sovereign debt problem gived for China＇s foreign exchange reserves management in the post-cri- ses era. Paper on estimation the sustainability of America＇s future budget plans and the cost of U. S. treasury bonds, the financial condition of the United States is in more serious state than Eurozone sovereign debt crises countries, will increase the risk of long-term US government treasury bond held by China. At the global econom- ic difficult recovery background, we should profit from the influence of Eurozone sovereign debt problem, seize the opportunity, adjust the structure of foreign exchange reserves, reduce the risk of foreign exchange reserves.

关 键 词：主权债务 财政赤字 国债 外汇储备 

分 类 号：F113.7[经济管理—国际贸易]