【摘要】：近幾年來,我國外匯儲備規(guī)�？焖倥噬�。2006年我國外匯儲備規(guī)模達到10663.44億美元,首次超過日本,位居世界第一,之后居高不下。規(guī)模巨大的外匯儲備一方面保障了我國對外支付的能力,另一方面給國內(nèi)經(jīng)濟帶來的負(fù)面影響也日漸突出。規(guī)模巨大的外匯儲備會導(dǎo)致我國貨幣政策的實施效果大為減弱,同時也影響到我國經(jīng)濟的可持續(xù)發(fā)展。因此,在這種背景下研究我國外匯儲備對貨幣政策的影響,不僅具有深遠的理論意義,同時具有重要的現(xiàn)實意義。 本文分為五部分。第一章為緒論部分,主要介紹了研究的背景、相關(guān)文獻的回顧、創(chuàng)新與不足。第二章闡述了我國外匯儲備的發(fā)展概況及現(xiàn)狀,主要分析了外匯儲備發(fā)展的原因,并提出了外匯儲備增長對貨幣政策影響的問題。第三章為理論分析部分,理論研究表明,外匯儲備增長過快導(dǎo)致貨幣政策工具作用受限,加大貨幣中介目標(biāo)的獨立性,并導(dǎo)致貨幣政策最終目標(biāo)的偏離。因此,外匯儲備的增長導(dǎo)致貨幣政策的實施效果減弱。第四章為實證分析部分,實證分析表明,外匯儲備對貨幣供應(yīng)量的沖擊較顯著,外匯儲備一方面促進了國內(nèi)生產(chǎn)總值的增長,另一方面帶來的通貨膨脹效果明顯。第五章為政策建議部分,本文建議對外匯儲備進行有效管理、深化匯率機制改革、進一步完善貨幣政策等,以此減少外匯儲備的增長速度,進一步增強貨幣政策的實施效果,保障我國經(jīng)濟的正常運行。
[Abstract]:In recent years, the size of China's foreign exchange reserves has risen rapidly. In 2006, the size of China's foreign exchange reserves reached 1.066344 trillion US dollars, overtaking Japan for the first time, ranking first in the world, and then remaining high. On the one hand, the large-scale foreign exchange reserves guarantee our country's ability to pay abroad, on the other hand, the negative effects on domestic economy are becoming more and more prominent. Large-scale foreign exchange reserves will greatly weaken the implementation of our monetary policy, but also affect the sustainable development of China's economy. Therefore, it is not only far-reaching theoretical significance to study the influence of foreign exchange reserves on monetary policy under this background, but also has important practical significance. This paper is divided into five parts. The first chapter is the introduction, mainly introduces the background of the research, related literature review, innovation and deficiency. The second chapter expounds the general situation and present situation of China's foreign exchange reserves, mainly analyzes the reasons for the development of foreign exchange reserves, and puts forward the problem of the influence of the growth of foreign exchange reserves on monetary policy. The third chapter is the part of theoretical analysis. Theoretical research shows that the excessive growth of foreign exchange reserves leads to the limitation of monetary policy tools, the increase of the independence of monetary intermediation targets, and the deviation of monetary policy final objectives. As a result, the growth of foreign exchange reserves leads to the weakening of the implementation of monetary policy. The fourth chapter is the part of empirical analysis. The empirical analysis shows that the impact of foreign exchange reserves on money supply is significant. On the one hand, foreign exchange reserves promote the growth of GDP, on the other hand, the effect of inflation is obvious. The fifth chapter is the policy suggestion part, this article suggests to carry on the effective management to the foreign exchange reserve, deepens the exchange rate mechanism reform, further consummates the monetary policy and so on, so as to reduce the growth speed of the foreign exchange reserve and further enhance the implementation effect of the monetary policy. To ensure the normal operation of China's economy.
【學(xué)位授予單位】：安徽財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.6;F822.0

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