外汇储备的迅速增加与汇率政策的调整

Rapidly Increasing Reserves of Foreign Currency and Adjustment of Exchange Rate Policies

外汇储备是宏观经济运行的结果,是国际收支的综合反映。然而,外汇储备的规模又对宏观经济产生多方面的影响。随着改革开放的深入,外汇储备规模扩张对我国经济影响的双刃剑作用愈益显现,即在对宏观经济发展产生积极影响的同时,对宏观经济发展的消极影响也越来越明显。因此,需要剖析外汇储备迅速增加的利弊,调整汇率政策,促进国内经济和对外经济协调发展。

Reserve of foreign currency is the results of macro-economic operation, and it functions as a general indication of income and expenses of international trade. On the other hand, the scale of foreign currency reserve influences macro economy in many aspects. With the further progress of reform and opening-up to the outside world, the effect of the increasing scale of foreign currency reserve becomes obvious. In fact, it inserts both positive effect and negative effect.For this reason, it is necessary that we analyze the advantages and disadvantages of the rapidly increasing foreign currency reserves, readjust policy of exchange rates, so that we can expect to turn the negative aspects into positive ones, and thus promote development of both domestic economy and foreign trade.