国际汇率体系变迁对人民币汇率形成机制改革的启示  

The History of International Exchange Rate System and Its Implications to China

作　　者：李欣怡 谢峰[2] 

机构地区：[1]对外经济贸易大学国际商学院 [2]中国银行国际金融研究所

出　　处：《中国货币市场》2019年第8期45-48,共4页China Money

基　　金：对外经济贸易大学国内外联合培养研究生项目资助。

摘　　要：国际汇率体系变迁的历史表明,追求汇率稳定是一种本能,汇率制度选择面临多重约束,两者的矛盾构成了国际货币体系演进的动力,使国际货币体系在固定和浮动之间轮回。人民币汇率形成机制改革已经取得巨大成就,下一步,应在保持人民币汇率在合理均衡水平上基本稳定的同时,完善汇率管理框架,用好跨境资本流动宏观审慎管理、预期管理等工具组合,提高汇率管理透明度,稳步增大汇率灵活性。The history of international exchange rate system shows that the pursuit of exchange rate stability is an instinct,while the choosing of exchange rate system faces multiple constraints.The conflict between the pursuit of stability and the constraints faced by the choosing of exchange rate regime constitutes the impetus for the evolution of the international monetary system,and makes the international monetary system recur between fixed and floating systems.The reform of the RMB exchange rate formation mechanism has made great achievements.The next step is to improve the exchange rate management framework while maintaining the RMB exchange rate at a reasonable and balanced level.We should make good use of the regulatory tools like macro-prudential management of cross-border capital flows and expectation management to improve the exchange rate management transparency and steadily increase the exchange rate flexibility.

关 键 词：国际货币体系 跨境资本流动 宏观审慎管理 汇率管理 汇率稳定 预期管理 汇率制度选择 国际汇率体系 

分 类 号：F83[经济管理—金融学]