国际储备需求

中国国际储备需求的理论与实证分析

The Theoretical and Experimental Analysis of China 's Requirement for International Reserve

国际储备需求研究文献综述

Documentary Survey on Demand for International Reserves

美国人的时间观从短期看，中国的国际储备需求还受到货币政策的影响。

In the a short time , the demand for international reserves in China is still affected by monetary policy .

这是研究国际储备需求的基本前提，是本文必须首先阐明的问题。

This is basic premise of researching international reserve demand , and also is the first question which this article must first expound .

在本文中，建立了以国际储备需求量为因变量，各种影响国际储备需求因素为自变量的线性模型。

In the paper , the linear models are set up , which include dependent variable of the demand for international reserves and the independent variables .

三是对传统的国际储备需求决定因素和最优规模理论进行回顾和归纳。

Thirdly , the demand determining factor and most optimal level of the traditional international reserve theory has carried on the review and induction in the chapter .

二是对国际储备需求的均衡规模和最优规模进行了深入的分析和比较。

The article , secondly , has carried on the thorough analysis and comparison to the balanced level and the most optimal level of the international reserve demand .

从长期看，中国的国际储备需求主要由国民收入、进口倾向、储备的机会成本、债务风险和国际收支平衡等因素决定；

In a long run , the demand for international reserves in China is mainly decided by such factors as the national income , the average propensity to import , the opportunity cost , the foreign default risk , and the variability in the balance of payments , etc.

这就要求我们重视和加强对国际储备需求理论尤其是最新前沿理论的研究，以便为研究外汇储备规模提供帮助和指导，为制定外汇储备政策提供依据和坐标。

In order to provide the help and instruction for the research about foreign exchange reserve scale , and provide the basis and coordinates for the formulation foreign exchange reserve policy ; we must regard and strengthen to research the international reserve demand theory , especially the newest front theory .

1952~2003年中国国际储备长期需求模型

Long-term Demand for International Reserves From Year of 1952 to 2003 in China

美元资产不足以满足国际储备的需求。

There are not enough dollar assets to accommodate the demand for international reserves .

我国国际储备规模需求的实证分析

The Empirical Analysis on International Reserve Demand

得出了1952年至1982年，1982年至2003年两期间各自的国际储备长期需求模型与短期误差修正模型。

The Long-term Demand for International Reserves Model and the Error Correction Model of 1952-1982 and 1982-2003 are concluded .

从估计得到的模型中可以得出以下结论，1：1952年至1982年期间，国际储备长期需求与国际收支差额波动率成正相关；

The following conclusion drawn from the model of estimation , 1 : From year of 1952 to 1982 , the long-term demand for international reserves is correlated positively with fluctuating rate of difference of the international revenue and expenditure .

随着国际往来和国际贸易的不断扩大，我国对国际储备的需求不断增长，保持适度的外汇储备规模，已成为我国经济正常运转的重要条件之一。

Moderate scale of foreign exchange reserve is very important to economic security . With the development of the international exchange and foreign trade , our country ' need for foreign exchange reserve has greatly increased .

国际储备的最优规模是一国国际储备持有数量的理想目标，仅受到国际储备需求单方面的影响。

The most optimal level of international reserve holding is the ideal target which a country wish holds the quantity of international reserve . It only is influenced unilaterally by the international reserve demand .