我国外汇储备模型:理论研究和实证检验

Foreign Exchange Reserve Model in Our Country: Theoretic Study And Test in Practical Cases

本文用协整方法(Cointegrationapproach)来研究外汇储备与GDP、汇率、净出口之间的关系。建立外汇储备回归模型。经过ADF检验法分析,得出结论:多余的外汇储备应投入国家建设。

The paper introduces the research on the relation between foreign exchange, GDP,exchange rate and net export by using cointegration approach in order to set up foreign exchange reserve retrieved model. It also draws a conclusion that surplus foreign exchange reserve should be invested in national construction by way of ADF testing analysis.