中國流入熱錢的測算及監(jiān)管
發(fā)布時間:2018-12-21 07:56
【摘要】:中國經(jīng)濟的強勁增長,伴隨著中國資本項目自由化程度地不斷提高,國內金融市場的不斷開放,使得外商在華投資取得了豐厚的利潤,同時也受到國際熱錢的親睞。熱錢在21世紀初流入中國,到2004年以后已呈規(guī);,近年來,,由于人民幣升值預期的加大,加之主要發(fā)達國家的經(jīng)濟形勢不佳,導致熱錢通過各種渠道隱蔽的、大規(guī)模的流入中國。大量國際熱錢的流入對中國經(jīng)濟穩(wěn)定帶來了潛在的威脅,引起全國各界的廣泛關注。 本文首先對流入中國的熱錢的途徑進行了分析,在現(xiàn)有文獻的基礎上,對熱錢流入國內的渠道進行了分析,并基于月度數(shù)據(jù),對2002年7月-2011年12月每月流入中國的熱錢規(guī)模進行了測算,得出中國熱錢呈現(xiàn)出規(guī)模不斷膨脹、波動幅度增大的結論,加強對中國熱錢流入的管制勢在必行。其次,本文挑選了比較典型的國際上對熱錢流動監(jiān)管的經(jīng)驗進行分析,并系統(tǒng)的描述了近年來中國管制政策的變化,指出中國跨境資本監(jiān)測存在的問題,在經(jīng)驗比較分析的基礎上,給予中國監(jiān)管熱錢更系統(tǒng)全面的建議。
[Abstract]:With the development of China's capital account liberalization and the opening of the domestic financial market, the strong growth of Chinese economy has made the foreign investment in China make a fat profit, and it is also favored by the international hot money. Hot money flowed into China at the beginning of the 21st century and has been on a large scale since 2004. In recent years, due to the increase in the expectation of RMB appreciation and the poor economic situation in the major developed countries, hot money has been hidden through various channels. A massive influx into China. The inflow of a large amount of international hot money has brought a potential threat to China's economic stability and aroused widespread concern throughout the country. This paper first analyzes the ways of hot money flowing into China, and based on the existing literature, analyzes the channels of hot money flowing into China, and based on monthly data, This paper calculates the monthly hot money inflow into China from July 2002 to December 2011, and draws the conclusion that the scale of hot money in China is expanding and the fluctuation range is increasing. It is imperative to strengthen the control of hot money inflow in China. Secondly, this paper selects the typical international experience to analyze the regulation of hot money flows, and systematically describes the changes in China's regulatory policies in recent years, and points out the problems of cross-border capital monitoring in China. On the basis of comparative analysis of experience, give China more systematic and comprehensive suggestions for supervision of hot money.
【學位授予單位】:華中科技大學
【學位級別】:碩士
【學位授予年份】:2012
【分類號】:F832.6
本文編號:2388620
[Abstract]:With the development of China's capital account liberalization and the opening of the domestic financial market, the strong growth of Chinese economy has made the foreign investment in China make a fat profit, and it is also favored by the international hot money. Hot money flowed into China at the beginning of the 21st century and has been on a large scale since 2004. In recent years, due to the increase in the expectation of RMB appreciation and the poor economic situation in the major developed countries, hot money has been hidden through various channels. A massive influx into China. The inflow of a large amount of international hot money has brought a potential threat to China's economic stability and aroused widespread concern throughout the country. This paper first analyzes the ways of hot money flowing into China, and based on the existing literature, analyzes the channels of hot money flowing into China, and based on monthly data, This paper calculates the monthly hot money inflow into China from July 2002 to December 2011, and draws the conclusion that the scale of hot money in China is expanding and the fluctuation range is increasing. It is imperative to strengthen the control of hot money inflow in China. Secondly, this paper selects the typical international experience to analyze the regulation of hot money flows, and systematically describes the changes in China's regulatory policies in recent years, and points out the problems of cross-border capital monitoring in China. On the basis of comparative analysis of experience, give China more systematic and comprehensive suggestions for supervision of hot money.
【學位授予單位】:華中科技大學
【學位級別】:碩士
【學位授予年份】:2012
【分類號】:F832.6
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