中国货币政策与汇率政策冲突的成因及对策——基于国际协调的视角  

The Causes and Countermeasures of the Conflict between China's Monetary Policy and Exchange Rate Policy——Based on the Perspective of International Coordination

作　　者：邹新月[1] 郭红兵[1] 黄振军[1] 

机构地区：[1]广东商学院金融学院,广东广州510320

出　　处：《上海金融》2012年第4期50-57,117,共8页Shanghai Finance

基　　金：国家自然科学基金项目(71073031);国家社会科学基金项目(11CJL018);广东省自然科学基金项目(10151063201000067)的资助;"资本市场与投融资研究创新团队"资助项目

摘　　要：探究开放经济条件下我国货币政策和汇率政策形成冲突的原因并寻求二者之间更好的协调机制是当前理论界的研究热点,也是我国货币当局迫切需要解决的一个重大现实问题。本文通过四个典型化事实证明,由于美元霸权的渗透和影响以及政策国际协调机制的不完善,导致我国在一系列政策国际协调中处于不利地位,并由此造成我国汇率政策和货币政策的经常性冲突,其中美元霸权的渗透和影响是关键性的。据此,本文提出了若干有针对性的政策建议。To investigate the causes of the conflict between China's monetary policy and exchange rate policy under open economy and seek a better coordination mechanism is the focus of the current researches and a major problem that needs urgently to be addressed by China's monetary authorities.Four typical examples prove that due to the penetration and influence of the US dollar hegemony and the inadequate international policy coordination mechanism,China has been in a disadvantaged position in a series of international policy coordination,and the frequent conflict between China's monetary policy and exchange rate policy has also emerged.And the penetration and influence of the US dollar hegemony should be responsible for it.Accordingly,the paper presents a number of targeted policy proposals.

关 键 词：货币政策 汇率政策 冲突 国际协调 美元霸权 

分 类 号：F820[经济管理—财政学]