本文關(guān)鍵詞： SDR貨幣標(biāo)準(zhǔn) 外匯儲(chǔ)備資產(chǎn)管理 人民幣國際化　出處：《國際金融研究》2013年03期 　論文類型：期刊論文

【摘要】：國際貨幣基金組織為了降低以人民幣為首的新興市場貨幣加入SDR的門檻,重新制定了以國際化為核心的SDR貨幣標(biāo)準(zhǔn)。本文通過模擬和比較在多期條件下人民幣加入SDR前后我國外匯儲(chǔ)備資產(chǎn)的表現(xiàn),證明了人民幣加入SDR可以為我國創(chuàng)造一種有益的外匯儲(chǔ)備投資工具。然而,按照現(xiàn)在的國際化進(jìn)程,人民幣于下一次SDR修訂時(shí)達(dá)到SDR貨幣新標(biāo)準(zhǔn)的可能性很小。因此,本文借鑒美日經(jīng)驗(yàn)分析了加速國際化從而達(dá)到SDR貨幣標(biāo)準(zhǔn)的可行性。研究表明,在岸市場加速開放和離岸市場加速發(fā)展都會(huì)給宏觀經(jīng)濟(jì)帶來巨大的風(fēng)險(xiǎn),因此加入SDR還需循序漸進(jìn)。
[Abstract]:In order to lower the threshold for emerging market currencies, led by the renminbi, to join the SDR, This paper reformulates the SDR monetary standard with internationalization as the core. This paper simulates and compares the performance of China's foreign exchange reserve assets before and after the entry of RMB into SDR under multi-period conditions. This proves that RMB entry into SDR can create a useful foreign exchange reserve investment tool for our country. However, in the current international process, the possibility of RMB meeting the new standard of SDR currency by the next SDR revision is very small. This paper analyzes the feasibility of accelerating internationalization to reach the SDR monetary standard by using the experience of the United States and Japan for reference. The research shows that accelerated opening up of onshore market and accelerated development of offshore market will bring great risks to the macro economy. So it is necessary to join SDR step by step.
【基金】：作者參與的國際貨幣基金組織華盛頓總部金融部“Risk,return and hedging properties of an expanded SDR basket”項(xiàng)目的階段性成果
【分類號(hào)】：F832.6
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本文編號(hào)：1492490