从特别提款权看人民币汇率形成机制改革

On Reform of RMB Exchange Rates Shaping Mechanism from the Perspective of Special Drawing Rights

根据特别提款权盯住一篮子货币的定值方法及其过去几年的汇率变化,人民币在汇率形成机制改革以后,对美元的浮动幅度会加大,而对欧元和日元的浮动幅度可能会减小。为此企业应该做好汇率风险防范、进行产品创新,适当增加欧元、日元等货币的使用,以化解人民币升值和人民币汇率形成机制改革的不利影响。

In terms of the method of pegging RMB at a basket of currencies for the special drawing rights as well as the exchange rates over the past years, RMB sees a larger range of floating exchange rates against the U. S. dollars and a shrinking range of floating exchange rates against Eurodollars and Japanese Yuan. For this reason, the paper suggests that the Chinese enterprises should guard against the risks of exchange rates by increasing the use of Eurodollars and Japanese Yuan, which can help to alleviate the disadvantageous impact arising from RMB＇s appreciation and its exchange rates shaping mechanism.