CAJ | 학술논문

亚洲金融危机之后，伴随着中国经济的快速发展，中国外汇储备节节攀升。面对庞大的外汇储备，担心和争论纷至沓来。人们或怀疑外汇储备规模的合理性，或诟病巨额外汇储备的投资收益，或指责外汇储备的积累输入了通货膨胀，或认为人民币汇率因此承受了越来越大的升值压力。本文从我国外汇储备的现状入手，分析了我国外汇储备激增的成因、结构变化及人民币预期升值压力，并据此提出相关的对策。
아주금융위궤지후，반수착중국경제적쾌속발전，중국외회저비절절반승。면대방대적외회저비，담심화쟁론분지답래。인문혹부의외회저비규모적합이성，혹후병거액외회저비적투자수익，혹지책외회저비적적루수입료통화팽창，혹인위인민폐회솔인차승수료월래월대적승치압력。본문종아국외회저비적현상입수，분석료아국외회저비격증적성인、결구변화급인민폐예기승치압력，병거차제출상관적대책。
Since the Asian financial crisis, China＇s foreign exchange reserve has been increasing quickly together with its rapid economic growth. As a result, worries and arguments arise over the rationality of the scale of foreign exchange reserve, the investment profits from huge foreign exchange reserve, the outcome of inflation due to the accumulation of foreign exchange reserve, and the increasing pressure of RMB＇s appreciation, etc. The article starts with the status quo of China＇s foreign exchange reserve, then analyzes the causes for the sudden increase of foreign exchange reserve, the change of its structure and the expected appreciation pressure of RMB, and finally, puts forward some related countermeasures.