有管理浮动汇率向清洁浮动汇率转变的国际经验与政策启示  

The international experience and policy implications of managing floating exchange rate to clean floating rate

作　　者：陈德敏[1] 谢斐 CHEN Demin;XIE Fei(School Economics and Business Administration, Chongqing University, Chongqing 400044, P. R. China;Chongqing Operations Office, The People's Bank of China, Chongqing 401147, P. R. China)

机构地区：[1]重庆大学经济与工商管理学院,重庆400044 [2]中国人民银行重庆营业管理部,重庆401147

出　　处：《重庆大学学报（社会科学版）》2019年第3期29-36,共8页Journal of Chongqing University(Social Science Edition)

摘　　要：在当前人民币汇率改革进程中,学者多关注阶段性政策举措,鲜有全程研究。文章选取实施改革时与中国发展阶段类似、改革成功的日本、澳大利亚、波兰,进行汇率制度改革全程比较研究,从宏观中观微观三个层面予以分析,总结出一致经验:将汇率改革纳入国家金融改革进程统筹推进;注重多层次沟通;采取渐进式策略;在本币稳定或趋升时正式实施自由浮动;保留过渡时期干预手段等。最后,对中国改革各阶段应对策略与操作工具选择给出政策建议。This essay selects the successful examples of Japan, Australia and Poland to analyze their experience of exchange rate regime reform. In their reform processes, the three countries added the reform into the national financial reform, strengthened multilevel communication to achieve social acceptance, implemented gradual reform strategy to improve the enterprises’ ability, realized free floating when their currencies were appreciating or stable, and contained necessary intervention measures in the transition period. These measures have policy implications for China’s exchange rate regime reform.

关 键 词：浮动汇率 汇率制度 外汇干预 国际经验 人民币汇率改革 

分 类 号：F831[经济管理—金融学]