人民币汇率波动对我国资本市场影响研究:文献综述  

Research on Influence of RMB Exchange Rate Fluctuation on China's Capital Market

作　　者：王帅林[1] 

机构地区：[1]天津商业大学学报编辑部,天津300134

出　　处：《湖南财政经济学院学报》2015年第6期27-35,共9页Journal of Hunan University of Finance and Economics

基　　金：天津商业大学青年基金项目"人民币汇率波动对我国资本市场影响研究"(项目编号:15QNJJ28)

摘　　要：随着人民币国际化进程不断加快,人民币汇率受到更多因素的影响,国际金融市场通过人民币汇率路径更易影响我国资本市场。通过弹性论、货币论、国际收支说、购买力平价理论、利率平价理论、均衡模型、货币模型、货币替代模型和资产组合均衡模型研究了人民币汇率波动对我国资本市场影响的机制,并通过实证检验表明:人民币汇率波动通过国际收支、货币供给、利率、货币替代、资产组合路径影响我国资本市场,人民币汇率与我国资本市场上的货币流通量正向关。With the ceaseless acceleration of RMB internationalization proceeding,the RMB exchange rate is influenced by more factors,so the international financial market affect chinas capital market easily through the RMB exchange rate. This paper studies the mechanism of RMB exchange rate fluctuation on chinas capital market by the elasticity approach,monetary theory,international balance of payments,theory of purchasing power parity,theory of interest- rate parity,equilibrium model,monetary approach,currency substitution and asset portfolio equilibrium model,and researches empirical tests. The conclusion is what the RMB exchange rate fluctuation on chinas capital market through the path of the international balance of payments,money supply,interest rates,currency substitution,asset portfolio,the RMB exchange rate and the amount of an currency circulation in chinas capital market are positive correlation.

关 键 词：人民币汇率 资本市场 国际金融市场 货币流通量 

分 类 号：F822.2[经济管理—财政学]