跨境资金波动与人民币汇率、进出口及其价格变化的关系研究

Fluctuations of Cross-border Capital Flows and Research on the Relationships of RMB Exchange Rate and Import,Export and Price Changes

随着全球浮动汇率体系的建立以及各国金融自由化政策的实施,资本的大规模跨境流动已成为全球金融体系最重要的特征,它是经济全球化、金融一体化的必然结果。作为全球第二大经济体和最大的新兴市场经济体,加强跨境资本流动管理已经成为我国金融监管框架下的一个重要课题。利用相关计量工具及方法,通过对跨境资金流动的波动情况与人民币汇率、进出口及其价格变化的关系进行定量分析,并对上述问题进行研究,根据分析结果对如何进一步密切监测跨境资金流动性、提高外汇管理有效性提出相关对策建议。

With the floating exchange rate system and the establishment of the financial liberalization policy, capital transnational flowing has become the most important feature of the global financial system, it is economic globalization, financial integration is the inevitable result of. As the second largest economy in the world and the largest emerging market economies, strengthening the cross-border flow of capital management has become China＇s financial regulatory framework is an important topic. This paper aims to use the relevant measurement tools and methods, through the cross-border capital flow fluctuations and RMB exchange rate, import and export and price change by quantitative analysis of the relationship, and to conduct research on these issues, according to the results of the analysis on how to further close monitoring of cross-border capital flow, improve the foreign exchange management effectiveness put forward relevant countermeasures and suggestions.