摘要
本文运用实证方法,从在岸、离岸市场利差角度分析利差对欧洲美元市场和人民币离岸市场发展的影响。实证分析表明:离岸和在岸人民币市场发展程度和资金供求差异所导致的人民币利率价差在一定程度上影响了香港人民币市场的持续发展。建议适应市场对人民币的需求,拓宽人民币跨境流动的渠道,促进跨境人民币良性循环,确保在岸和离岸人民币利率价差合理,以进一步推进香港离岸人民币市场建设和发展。
By means of the empirical method,the paper analyzes the effects of margins on eurodollar market and RMB offshore market development from the angle of the margins between onshore and offshore market.The empirical analysis shows that the difference between the offshore and onshore RMB market development degree and between capital supply and demand lead to RMB interest rate spread which in a certain extent affects the sustainable development of the Hong Kong RMB market.Suggestions are presented such as meeting the market demand for RMB,widening the channels of RMB cross-border flow,promoting the virtuous cycles of cross-border RMB,ensuring a reasonable interest rate margin between onshore and offshore RMB and further promoting the construction and development of Hong Kong offshore RMB market.
出处
《西部金融》
2012年第12期41-43,共3页
West China Finance
关键词
外汇管理
欧洲美元市场
人民币离岸离市场
foreign exchange administration
eurodollar market
RMB offshore market
