东亚新兴经济体汇率制度选择困境及出路  

Dilemma and Outlet of the Exchange Rate System of the Emerging Economies in East Asia

作　　者：陈建[1] 宋祺[2] 

机构地区：[1]中国人民大学经济学院,北京100872 [2]中国银行公司金融部,北京100088

出　　处：《教学与研究》2014年第5期41-48,共8页Teaching and Research

摘　　要：在经历了1997年和2008年两次经济危机后,东亚新兴经济体在汇率制度选择方面进行了不断尝试,逡巡在浮动汇率制度和固定汇率制度之间。本文认为,无论选取何种汇率制度,都要以维护经济稳定为根本目的,因此,目前东亚新兴经济体选择钉住一篮子货币的宽带爬行汇率制度是较为合适的。对于现阶段的东亚新兴经济体来说,应逐渐放开对资本流出的限制,而对于资本流入的速度要进行适当的控制,随着经济的不断发展和金融体系的逐步完善,再实现从中间汇率制度到浮动汇率制度的转变。Experienced the 1997 and 2008 economic crisis, the East Asian emerging economies have been constantly trying to choose the exchange rate system, wandering between the floating exchange rate system and the fixed exchange rate system. The paper holds that no matter what kind of exchange rate regime to choose, to maintain economic stability is always the fundamental purpose. Therefore, the choice of broadband crawling exchange rate system pegging to a basket of currencies by the East Asian emerging economies is more appropriate. For the East Asian emerging economies at the present stage, restrictions on outflows should be gradually liberalized while the capital inflow velocity should be appropriately controlled. With the continuous development of the economy and the gradual improvement of the financial system, the East Asian emerging economics can realize the transition from the intermediate exchange rate regime to a floating exchange rate system.

关 键 词：东亚 新兴经济体 汇率制度 

分 类 号：F831.6[经济管理—金融学]