【摘要】：外匯儲備作為一個國家資產(chǎn)儲備的主要組成部分，發(fā)揮著維護(hù)經(jīng)濟(jì)穩(wěn)定的重要作用。尤其是現(xiàn)在各國經(jīng)濟(jì)聯(lián)系越來越緊密，全球化的速度不斷加快，各國相互之間經(jīng)濟(jì)影響力越來越大，影響的領(lǐng)域也越來越廣，所以優(yōu)化外匯儲備，維護(hù)外匯儲備的適量性對一個國家的經(jīng)濟(jì)發(fā)展和經(jīng)濟(jì)安全至關(guān)重要。改革開放以來，中國市場化程度愈加成熟，經(jīng)濟(jì)快速、迅猛發(fā)展。在國際貿(mào)易頻繁和國際資本流動速度進(jìn)一步加快的大背景下，中國的國際收支狀況有了很大改變。這主要?dú)w因于國際貿(mào)易額的增長以及國際資本的大量流入，最終導(dǎo)致巨額的國際收支順差，從而中國的外匯儲備規(guī)模越來越大，增長的速度也越來越快。超額的外匯儲備和外匯儲備投資的低收益是中國外匯儲備面臨的最大的問題，而且由這些問題又引發(fā)了一系列的風(fēng)險，首先是匯率變化引發(fā)的外匯儲備貶值的風(fēng)險；其次是管理巨額外匯儲備所造成的財政負(fù)擔(dān)；最后是低效率的外匯儲備投資造成的機(jī)會成本問題。另外中國超額的外匯儲備造成西方發(fā)達(dá)國家對人民幣升值的壓力，加劇了中西方國家國際貿(mào)易和國家關(guān)系的緊張狀況,導(dǎo)致了一定的政治風(fēng)險。 本文即立足于中國超額外匯儲備和外匯儲備投資低效率的現(xiàn)實(shí)情況，研究中國外匯儲備投資多元化的發(fā)展情況。文章共分五部分，，第一部分主要對本文的研究背景、結(jié)構(gòu)及文獻(xiàn)綜述情況進(jìn)行簡單介紹；第二部分介紹中國外匯儲備投資的現(xiàn)狀，為實(shí)行外匯儲備投資多元化做一個背景介紹；第三部分是通過對上一部分現(xiàn)狀的分析得出中國外匯儲備投資存在的問題，為實(shí)行外匯儲備投資多元化進(jìn)行原因分析；第四部分則通過國際上典型國家外匯儲備投資多元化的情況分析探討其成功經(jīng)驗(yàn)及對中國的啟示；第五部分主要是針對中國的具體實(shí)際提出關(guān)于中國外匯儲備投資多元化合理化的對策建議。
[Abstract]:Foreign exchange reserve, as a major component of a country's asset reserve, plays an important role in maintaining economic stability. Especially now, with the increasingly close economic ties and the accelerating pace of globalization, the economic influence among countries is becoming greater and greater, and the fields of influence are becoming wider and wider. The appropriateness of foreign exchange reserves is very important to a country's economic development and economic security. Since the reform and opening up, China's market economy has become more mature, and its economy has developed rapidly. The growth of international trade and the inflow of international capital eventually lead to a huge balance of payments surplus, which makes the scale of China's foreign exchange reserves bigger and bigger and the growth rate faster and faster. It also triggers a series of risks, first of all, the risk of the devaluation of foreign exchange reserves caused by exchange rate changes; secondly, the financial burden caused by the management of huge foreign exchange reserves; and finally, the opportunity cost caused by inefficient foreign exchange reserves investment. It has aggravated the tension between China and the West in international trade and state relations, resulting in certain political risks.
This paper is based on the fact that China's excess foreign exchange reserve and foreign exchange reserve investment are inefficient to study the development of diversification of foreign exchange reserve investment in China.The article is divided into five parts.The first part mainly introduces the research background, structure and literature review of this paper.The second part introduces the foreign exchange reserve investment in China. The third part analyzes the existing problems of China's foreign exchange reserve investment through the analysis of the previous part of the current situation, and analyzes the reasons for the diversification of foreign exchange reserve investment; the fourth part analyzes the diversification of foreign exchange reserve investment in typical international countries. The fifth part mainly puts forward the countermeasures and suggestions on the diversification and rationalization of China's foreign exchange reserve investment.
【學(xué)位授予單位】：東北師范大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.6

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10 王愛儉;沈慶R

本文編號：2228958