摘要
自2016年2月央行明确人民币中间价“参考一篮子货币”＋“参考收盘价”的双参考定价原则之后，中间价定价透明度大为提高。但中间价定价机制并非完美无缺，特定情况下仍可能加剧贬值压力。文章在介绍中间价基本定价规则的基础上，分析了其存在的某些内生不稳定性，并提出化解现行定价机制隐忧的相关政策建议。
In February 2016, the central bank defined the forming mechanism of RMB central parity rate as ＂reference to a basket of currencies＂ ＋ ＂reference to the previous day＇s closing price＂. Since then, the transparency of pricing has been greatly enhanced. However, the central parity rate pricing system is not perfect and may put more pressure on currency depreciation in specific circumstances. The article introduces the basic fixing methodology of RMB central parity rate, analyzes certain inherent uncertainties and gives policy proposals on resolving the potential problems in the existing pricing mechanism.
出处
《中国货币市场》
北大核心
2016年第7期43-45,共3页
China Money
