An empirical Study on Chinas Foreign Exchange Reserve
Foreign exchange reserve is a government’s international reserve assets held in foreign currency, and is an important component of economic strength of a country. However, according to economic theory and experience of other countries, foreign exchange reserve of a country is not “the more, the better. On the basis of classical theories and previous studies, we tried to study the main economic factors influencing the scale of foreign exchange reserve, and then established a model which related the scale of foreign exchange reserve to these economic factors. Based on the model and China’s economic data, the simulation was done, and the moderate scale of China’s foreign exchange reserve was given. Some suggestions on the policy of China’s foreign exchange reverses were given at the end of this paper.
foreignexchangereserve moderatescale cointegration
Yang Yan-fei Zhou Si-ru Liu Qing-guo
Air Force Radar Academy ,Wuhan, 430019, China
国际会议
广州
英文
1-4
2011-05-13（万方平台首次上网日期，不代表论文的发表时间）