摘要
由于人民币升值预期高涨和本外币正利差创造的较大套利空间,使国际"热钱"大量流入国内,对我国货币政策的有效实施造成了很大影响。因此,降低人民币升值预期,控制国际"热钱"流入,是提高目前货币政策有效性的保障。
The growing expectation for RMB appreciation and widening interest spread between RMB and foreign exchanges are drawing great volumes of 'hot money' in, thus greatly hindering the effective implementation of the monetary policy. In this essay, the author shows that rationalization of the appreciation expectations and curbing the inflow of the 'hot money' will effectively guarantee the monetary policy implementation.
出处
《山西财经大学学报》
北大核心
2004年第5期95-98,共4页
Journal of Shanxi University of Finance and Economics
关键词
人民币升值
国际“热钱”
货币政策
RMB appreciation
international 'hot money'
monetary policy
