中国货币市场深化进程中的汇市弹性与压力分析  

Analysis of Exchange Market Flexibility and Pressure in the Deepening Process of China's Monetary Market

作　　者：郑国忠[1] 黄志刚[1] 贾雅琴[1] 

机构地区：[1]福州大学管理学院财政金融系

出　　处：《经济与管理研究》2011年第10期103-111,共9页Research on Economics and Management

基　　金：国家自然科学基金"国际金融危机背景下的汇率制度风险控制及汇率弹性空间研究"(70973021);福建省社科基金重点项目"基于我国汇率制度风险控制的汇率弹性空间研究"(2009A032)

摘　　要：自21世纪以来,中国货币市场与外汇市场均发生了翻天覆地的变化。对近十年中国货币市场深化发展进程汇市弹性与压力问题的实证结果表明,更富弹性的汇制、更高市场化程度的汇市倾向于高发展水平的货币市场;同时需要政府对外汇市场的逐步放开,使得汇率的波动与调控逐步市场化。货币市场越深化发展,需要更具弹性的汇制与更具自由化的外汇市场与之相协调发展。伴随货币市场的稳步发展,中国汇制的选择更趋合理、更具弹性。Since the 21st century, China＇s monetary market and foreign exchange market both have undergone world - shaking changes. By analyzing on China＇s monetary market deepening process nearly 10 years, this article＇probes into the exchange market flexibility and pressure. More flexible exchange rate regime and higher marketization degree of currencies tend to high development level of monetary market, and also need government gradually lifting the foreign exchange market, making the currency fluctuations and regulation gradually market - oriented. With the monetary market deepening develops, a more flexible exchange rate regime and a more liberalized foreign exchange market are needed to be coordinated developing. With the steady development of the monetary market, China＇s exchange rate regime choice will also be more reasonable and more flexible.

关 键 词：货币市场 汇率弹性 汇市压力 

分 类 号：F830[经济管理—金融学]