Abstract
The frequency of international financial crises showed that keeping abundant foreign exchange reserves and effective management of the reserves were an important measure to prevent the financial crises which brought about by extemal factors. China’s foreign exchange reserves have amounted to $ 609.9 billion by the first three quarters of 2005. Gross reserve bas reached a historic high level. Its gigantic amount has been the focus of the debate among foreign and local researchers and professionals. This essay analyzes the moderation of China’s current foreign exchange reserve quantity, and on this basis brings forward several suggestions for the current foreign exchange reserve management policies.
This work is partially supported by #J51703 to Construction Program of Key Academic Subjects of Shanghai Education Committee.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Di, L.: The Rethinking Based – on Our National Foreign Exchange Reserve Sca. Finance and Insurance (2001)
Yuhua, G.: Research the Appropriate Scale of Our National Foreign Exch Reserve. Statistic Research (2001)
Turnovsky, S.J.: A Determination of The Optimal Currency Basket:A Macroeconomice Analysis. Journal of International Economics 12, 333–354 (1982)
Yoshino, N., Kaji, S., Suzuki, A.: The Basket-peg,Dollar-peg,and Floating:A Comparative Analysis. Journal of the Japanese and International Economices 18, 183–217 (2004)
Black, S.W.: Exchange Policies forLessDevelopedCountriesin a World of Floating Rate. Princeton Essays in International Finance. No (1976)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Ning, X. (2011). An Empirical Research on Optimum-—Scale of China’s Foreign Exchange Reserve Format. In: Zeng, D. (eds) Applied Informatics and Communication. ICAIC 2011. Communications in Computer and Information Science, vol 225. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23220-6_48
Download citation
DOI: https://doi.org/10.1007/978-3-642-23220-6_48
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23219-0
Online ISBN: 978-3-642-23220-6
eBook Packages: Computer ScienceComputer Science (R0)