作 者: ;
机构地区: 广东金融学院金融系
出 处: 《财经研究》 2005年第12期18-28,共11页
摘 要: 目前人民币仍面临由自身价值提高、篮子货币贬值和市场升值预期复合而成的多重升值压力。面对压力,有名义升值、实际升值和压力累积等三种政策方案可供选择。从成本收益量化比较来看,名义升值净成本最低。因此,应在不超过升值压力幅度的范围内允许人民币名义汇率继续缓升,以消除货币低估,实现内外均衡。 RMB has been confronting with multi-pressures of appreciation at the present time because of the increase in intrinsic value of RMB itself, the depreciation of basket-money and market appreciation expectation. In the face of the pressure, there are three schemes for selection: appreciation in nominal, appreciation in real exchange rate and pressure cumulating. According to cost-benefit analysis, the cost of appreciation in nominal exchange rate is the lowest. Therefore, in order to eliminate the devaluation and to realize internal-external equilibrium, it is necessary to keep the nominal exchange rate of RMB increasing slowly within the limits of appreciation pressure.
领 域: [经济管理]