摘要
中国存在着表现为巨额正外币资产头寸的货币错配,随着金融改革的不断深入,这种货币错配的风险也必将逐步从微观层面向宏观层面扩散,对中国债权型货币错配问题的研究具有重要的现实意义。本文首先总结了债权型货币错配的理论假说,其次通过AECM公式对中国的1999-2008年的债权型货币错配水平进行度量,分析其产生的原因,提出弱化中国货币错配水平的政策建议。
China is having mismatch of huge amount of positive foreign currency,which will spread from micro level to macro level with the deepening of ongoing financial reform. So it is of realistic significance to study the issue of China＇s currency mismatch. This paper firstly summarizes the theoretic hypothesis of currency mismatch,then measures debt currency mismatch level with AECM formula in China from 1999 to 2008,analyzes its causes,and brings forward the relative policy suggestions to mitigate the problem of currency mismatch in China.
出处
《南方金融》
北大核心
2010年第3期23-25,43,共4页
South China Finance
