摘要
造成当前流动性过剩的一个重要原因是由于我国存在着一种"流动性悖论"。而造成流动性悖论的原因又可以上溯到国内金融结构的体制性缺陷,具体包括银行体系、资本市场、人民币汇率制度和资本账户管制等四个方面的结构性问题。要根本上解决国际收支"双顺差"以及流动性悖论,长期看需要从经济与金融结构层面进行调整,近期则主要是汇率的调整,取消强制结汇制以及加强周边国家(地区)的政策协调。
The ＂liquidity dilemma＂ in China plays an important role in the currently overwhelming excess liquidity. The structural defect of the financial system, which including the banking system, the capital market system, currency regime of RMB and controls over capital accounts, has contributed to the formation of the of ＂liquidity dilemma＂. From the long views, to adjust the economic and financial structure will be help to solve the double surplus in balance of payment and ＂liquidity dilemma＂. Currently, foreign exchange measures such as canceling of compulsory settlement and strengthening of policy coordination with neighbor countries will limit the ＂liquidity dilemma＂ effect.
出处
《财经理论与实践》
CSSCI
北大核心
2007年第5期27-30,共4页
The Theory and Practice of Finance and Economics
关键词
流动性过剩
流动性悖论
双顺差
Excess Liquidity
Liquidity Dilemma
Double Surplus
