摘要
一个国家制定汇率政策的目的之一是要调节进出口贸易和资本流动,以达到国际收支平衡。然而,汇率政策在现实中能否达到既定目标受到诸多因素的制约,汇率制度必须随着宏观经济变化而变化。随着我国汇率制度的不断完善,人民币跨境业务的清算设施得以建立和完善。首先,从宏观角度简要分析了人民币汇率市场的现状,研究了国内外人民币市场的联动效应;其次,通过分析影响我国人民币跨境业务的主要因素,重点研究了人民币汇改对其的影响,采用VAR模型检验汇率政策改革和人民币跨境业务之间的联动关系;最后,从加快产品创新、促进清算系统升级、改进营销方式和加强风险防范等四个方面提出了政策建议,以期促进人民币跨境业务的进一步发展。
The purpose of a country's exchange rate policy is mostly to control the import and export trade and the capital flow to achieve the balance of international revenue and expenditure. However, whether the exchange rate policy can achieve the desired goal in the reality or not is decided by many factors. Thus, the exchange rate system must be adjusted to the macroeconomic changes. With the continuous improvement of the exchange rate policy, the settlement facilities of RMB cross-border businesses have been established and perfected. This paper firstly analyzes the current situation of the RMB exchange rate market from a macro point of view and compares the connective effects between domestic and foreign markets. Then, it analyzes several factors affecting China's cross-border RMB businesses by centering around the impact of RMB exchange rate reform and applies the VAR model test to explain the linkage relationship between exchange rate policy reform and cross-border RMB businesses. Finally, the article puts forward the policy recommendations from four aspects: accelerating the product innovation, promoting the liq- uidation system upgrading, improving marketing method and strengthening risk prevention to boost the further de- velopment of RMB cross-border businesses .
出处
《洛阳理工学院学报(社会科学版)》
2017年第2期39-45,共7页
Journal of Luoyang Institute of Science and Technology:Social Science Edition