CAJ | 학술논문

自21世纪以来，中国货币市场与外汇市场均发生了翻天覆地的变化。对近十年中国货币市场深化发展进程汇市弹性与压力问题的实证结果表明，更富弹性的汇制、更高市场化程度的汇市倾向于高发展水平的货币市场；同时需要政府对外汇市场的逐步放开，使得汇率的波动与调控逐步市场化。货币市场越深化发展，需要更具弹性的汇制与更具自由化的外汇市场与之相协调发展。伴随货币市场的稳步发展，中国汇制的选择更趋合理、更具弹性。
자21세기이래，중국화폐시장여외회시장균발생료번천복지적변화。대근십년중국화폐시장심화발전진정회시탄성여압력문제적실증결과표명，경부탄성적회제、경고시장화정도적회시경향우고발전수평적화폐시장；동시수요정부대외회시장적축보방개，사득회솔적파동여조공축보시장화。화폐시장월심화발전，수요경구탄성적회제여경구자유화적외회시장여지상협조발전。반수화폐시장적은보발전，중국회제적선택경추합리、경구탄성。
Since the 21st century, China＇s monetary market and foreign exchange market both have undergone world - shaking changes. By analyzing on China＇s monetary market deepening process nearly 10 years, this article＇probes into the exchange market flexibility and pressure. More flexible exchange rate regime and higher marketization degree of currencies tend to high development level of monetary market, and also need government gradually lifting the foreign exchange market, making the currency fluctuations and regulation gradually market - oriented. With the monetary market deepening develops, a more flexible exchange rate regime and a more liberalized foreign exchange market are needed to be coordinated developing. With the steady development of the monetary market, China＇s exchange rate regime choice will also be more reasonable and more flexible.