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Experts call for reform of foreign reserve managem
chen1990 发表于 2011/8/8 13:53:00 |
| "In the United States has entered a strong turn Tennis Balls by the decline of long-period process, the Chinese hold over the dollar bill, is of a kind of pressure." Central bank's Monetary Policy Committee on the micro-Bo Xia Bin, said, "must increase in foreign reserves the use of non-financial assets ratio, the pursuit of national strategic interests, we must pursue the internationalization of the RMB, which is the inevitable choice, the choice is no choice. "
Chen Jianguang also said that the dunlop tennis long term, to promote the internationalization of the yuan, to eliminate foreign exchange reserves, "passive" way of dealing with the accumulation of the root.
In recent years, China's trade surplus despite the accumulation of huge amounts of dollars, but the lack of investment channels, was forced to return to the U.S. capital and bond markets, the U.S. government was able to lower the cost of financing for China, the reality of the dilemma is held U.S. dollar assets because of the constant depreciation of the super-fat.
From financial theory considerations, the U.S. dollar is the international reserve currency, the currency through the Super, you babolat aero pro can hold out side to reduce the wealth of the issuer to increase the wealth, "seigniorage" effect, so, through the internationalization of the RMB to the "barbarians technology from the Western "has become a natural policy recommendations.
But so far, the RMB regionalization has not been achieved, more needs time international, foreign exchange management system reform, more realistic and urgent.
Zhang Bin said that China's foreign exchange wilson blx six one 95 reserves management system should start the reform of the reform on the premise that a clear operational targets outside the reserve. In his view, operating outside the reserve should be "real purchasing power maximization" as the goal, and on this basis, many progress. |
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