摘要
目前中国的流动性膨胀困境是由外汇占款导致的。借鉴日本与德国在20世纪70～80年代面临类似的状况时的经验,中国必须抓住经济增长和较强人民币升值预期的机遇,积极向外输出人民币和推进人民币国际化。而放开资本项目可能引发投机热钱的冲击,对此,可在资本项目不完全放开前提下采取建立人民币类离岸金融中心的向外输出人民币的过渡举措。
At present,Chinese macroecnomic dilemma of liquid expansion is induced by funds outstanding for foreign exhange.Taking Japanese and German experiences as reference,the status of whom is much similar to ours,China has to take the chance of economic growth and the expectation of RMB appreciation,increase the international sup- ply of RMB and promote its internationalization.However,the opening up of capital account may bring about the rush of capital speculation.Therefore,we could take transitional way of setting up RMB quasi off-shore-finance center to supply RMB abroad on the condition of incompletely opening financial account.
出处
《改革》
CSSCI
北大核心
2008年第1期85-91,共7页
Reform
基金
国家社会科学基金项目"投入产出模型在资本市场应用的研究"(批准号:05BTJ023)
关键词
流动性膨胀
宏观经济困境
虚拟经济
人民币国际化
liquid expansion
the dilemma of macroeconomy
fictitious economy
the internationalization of RMB
