浅析人民币汇率弹性化改革

详细信息

Analysis on the reform of the flexibility of RMB exchange rate

摘要: 应用“三元悖论”对我国货币政策、汇率政策与资本流动进行了分析，认为人民币弹性化改革是必要的；进一步对自由兑换问题的汇率条件进行分析，讨论了自由兑换与汇率弹性化改革的一些问题，认为人民币汇率的弹性化改革时机必须建立在资本项目相对自由化的前提下；提出对人民币货币弹性化改革的几点对策。
- 人民币汇率弹性化 /
- 三元悖论 /
- 资本管制 /
- 流动性 /
- 货币目标区间
Abstract: Based on Mundell-Fleming “The Impossible Trinity” theory, the interactions among Chinese monetary policy, exchange rate policy and capital flows were discussed.We proposed the necessity of the reform on increasing RMB exchange rate flexibility and analyzed the exchange rate prerequisites of monetary convertibility.This study raised some questions on monetary convertibility and the reform of increasing exchange rate flexibilty.We put forward that the reform should be conducted on the basis of the flexibility of all capital items.Also, this paper raises the problems relevant to the flexibility of exchange rate and proposes corresponding solutions to this reform.
- flexibility of RMB exchange rate /
- The Impossible Trinity /
- capital management /
- liquidity /
- monetary target range

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