中国的国际储备规模研究

On the Scale of China's International Reserve

适度的国际储备水平是一国经济得以健康发展的基础。一国持有的国际储备量并非越多越好。国际储备量过多会会造成资源的浪费,而过少又会使一国资源配置扭曲以及增加国际贸易和金融活动中心的风险。因此,国际储备的供应及其增长率应能满足经济增长和维持国际收支平衡需要,达到合理利用内外二种资源,使持有储备资产的成本和收益相等。

The appropriate international reserves lay a solid foundation for the healthy development of a nation＇s economy. It is not the necessary case that the more reserves one country holds, the better it is, for the excessive reserves can result in the waste of resource, otherwise, it can lead to the risk of financial activities. Therefore, the supply of the international reserves should meet the needs of the economic growth and the International Balance of Payment equilibrium so as to make reasonable use of the domestic resource and make meet ends of the reserve assets.