从国库存款余额较高看现金管理战略

Cash management strategy for higher central treasury deposit balance

近两年,中央国库存款余额呈现出季节性变化和常年处于较高水平这两个特点。该文分析了中央国库存款余额较高的成因和利弊,并在介绍发达国家特别是美国的国库现金管理经验的基础上,探讨了今后中国国库现金的管理战略。

Over the past two years,the central treasury deposit balance has shown two features,seasonal change and a constant high level.After analyzing the reasons behind the high level balance,and related pros and cons,this paper reviews the experience of developed countries in central treasury cash management and,in particular,that of the United States.Based on this, the article then discusses potential strategies for managing China's treasury cash.