金融发展研究
金融髮展研究
금융발전연구
JOURNAL OF FINANCIAL DEVELOPMENT RESEARCH
2014年
5期
25-30
,共6页
邢庆伟%卜凡玫%岳绍冬%李燕超
邢慶偉%蔔凡玫%嶽紹鼕%李燕超
형경위%복범매%악소동%리연초
货币政策%量化宽松%退出%人民币汇率
貨幣政策%量化寬鬆%退齣%人民幣彙率
화폐정책%양화관송%퇴출%인민폐회솔
monetary policy%quantitative easing%exit%RMB exchange rate
美联储退出QE,将改变过去几年宽松的国际环境。借助美国经济转型和国际环境改善的契机,我国应牢牢把握改革与转型的机会,加大改革与结构调整力度,适时进行货币政策调整,保持货币投放渠道通畅,加强对短期资本流动的监测和管理,加快推进利率和汇率市场化改革,督促商业银行加强风险管理与防范,加强与发达经济体、新兴经济体沟通和政策协调,积极应对QE退出带来的冲击,实现经济成功转型升级。
美聯儲退齣QE,將改變過去幾年寬鬆的國際環境。藉助美國經濟轉型和國際環境改善的契機,我國應牢牢把握改革與轉型的機會,加大改革與結構調整力度,適時進行貨幣政策調整,保持貨幣投放渠道通暢,加彊對短期資本流動的鑑測和管理,加快推進利率和彙率市場化改革,督促商業銀行加彊風險管理與防範,加彊與髮達經濟體、新興經濟體溝通和政策協調,積極應對QE退齣帶來的遲擊,實現經濟成功轉型升級。
미련저퇴출QE,장개변과거궤년관송적국제배경。차조미국경제전형화국제배경개선적계궤,아국응뢰뢰파악개혁여전형적궤회,가대개혁여결구조정력도,괄시진행화폐정책조정,보지화폐투방거도통창,가강대단기자본류동적감측화관리,가쾌추진리솔화회솔시장화개혁,독촉상업은행가강풍험관리여방범,가강여발체경제체、신흥경제체구통화정책협조,적겁응대QE퇴출대래적충격,실현경제성공전형승급。
After the Fed exits QE, the relaxed international environment over the past few years will be changed. China should seize the opportunity of U.S. economy transition and international environmental improvement to intensify its reform and restructuring, timely adjust the monetary policy, keep the money supply channels smooth, strengthen monitoring and management of short-term capital flows, accelerate market-oriented reforms of interest rate and ex-change rate,urge commercial banks to strengthen risk management and prevention and strengthen communication and policy coordination with developed economies and emerging economies. China should be well-prepared to deal with the impact brought by the exit of QE so as to successfully accomplish the economic transformation and upgrading.