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題名 中國加入WTO後人民幣匯率形成機制與外匯市場建設
其他題名 The RMB Exchange Rate Formation Mechanism and Foreign Exchange Market Construction after China Joined the WTO
作者 朱浩民
Chu, Hau-Min
關鍵詞 人民幣;匯率形成機制;銀行間外匯市場;外匯市場建設;RMB;exchange rate formation mechanism;foreign exchange market construction;inter-bank foreign exchange market
日期 2006-07
上傳時間 14-Nov-2008 12:32:29 (UTC+8)
摘要 二○○一年十二月中國加入WTO,金融市場依入世承諾逐步開放,外匯市場管理也漸漸鬆綁,而在貿易大幅出超與國際熱錢的流入下,外匯存底快速累積,人民幣升值壓力不斷,現行人民幣匯率形成機制無法反映外匯市場的供求情況,匯率價格形成存在僵硬性,銀行間外匯市場交易過於集中且交易工具有限,市場交易規模仍有待擴大;未來中國外匯市場應加速完善即期外匯市場,放寬匯率價格形成,發展遠期外匯及衍生性商品,減少中國人民銀行對市場干預,推動外匯市場資本項目可兌換,以及強化外匯市場風險防範,完善匯率形成機制與外匯市場建設。
Since China joined the WTO in the December, 2001, the Chinese financial markets move forward step by step and foreign exchange market management has loosened gradually. As trade surplus widens and hot money flows in, the foreign exchange reserves of China accumulate and the pressure of appreciation of RMB never stops. The current formation mechanism of RMB exchange rate cannot reflect the true market demand-supply situation and there exists the stickiness of exchange rate. The tools of inter-bank foreign exchange market are still limited, and the trades concentrate on several big banks. The Chinese foreign exchange market should accelerate completing the spot market and liberate exchange rate formation. There is also the need to develop forward and derivative instruments, and to reduce the intervention of the government. Finally, pushing the convertibility of capital account as well as enhancing the risk avoidance of the foreign exchange market are also the important jobs of Chinese foreign exchange market.
關聯 興國學報, 6, 1-10
資料類型 article
dc.creator (作者) 朱浩民zh_TW
dc.creator (作者) Chu, Hau-Min-
dc.date (日期) 2006-07en_US
dc.date.accessioned 14-Nov-2008 12:32:29 (UTC+8)-
dc.date.available 14-Nov-2008 12:32:29 (UTC+8)-
dc.date.issued (上傳時間) 14-Nov-2008 12:32:29 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/7480-
dc.description.abstract (摘要) 二○○一年十二月中國加入WTO,金融市場依入世承諾逐步開放,外匯市場管理也漸漸鬆綁,而在貿易大幅出超與國際熱錢的流入下,外匯存底快速累積,人民幣升值壓力不斷,現行人民幣匯率形成機制無法反映外匯市場的供求情況,匯率價格形成存在僵硬性,銀行間外匯市場交易過於集中且交易工具有限,市場交易規模仍有待擴大;未來中國外匯市場應加速完善即期外匯市場,放寬匯率價格形成,發展遠期外匯及衍生性商品,減少中國人民銀行對市場干預,推動外匯市場資本項目可兌換,以及強化外匯市場風險防範,完善匯率形成機制與外匯市場建設。-
dc.description.abstract (摘要) Since China joined the WTO in the December, 2001, the Chinese financial markets move forward step by step and foreign exchange market management has loosened gradually. As trade surplus widens and hot money flows in, the foreign exchange reserves of China accumulate and the pressure of appreciation of RMB never stops. The current formation mechanism of RMB exchange rate cannot reflect the true market demand-supply situation and there exists the stickiness of exchange rate. The tools of inter-bank foreign exchange market are still limited, and the trades concentrate on several big banks. The Chinese foreign exchange market should accelerate completing the spot market and liberate exchange rate formation. There is also the need to develop forward and derivative instruments, and to reduce the intervention of the government. Finally, pushing the convertibility of capital account as well as enhancing the risk avoidance of the foreign exchange market are also the important jobs of Chinese foreign exchange market.-
dc.format application/en_US
dc.language zh-TWen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) 興國學報, 6, 1-10en_US
dc.subject (關鍵詞) 人民幣;匯率形成機制;銀行間外匯市場;外匯市場建設;RMB;exchange rate formation mechanism;foreign exchange market construction;inter-bank foreign exchange market-
dc.title (題名) 中國加入WTO後人民幣匯率形成機制與外匯市場建設zh_TW
dc.title.alternative (其他題名) The RMB Exchange Rate Formation Mechanism and Foreign Exchange Market Construction after China Joined the WTO-
dc.type (資料類型) articleen