摘要
该文以货币自由兑换的含义辨析为起点,分别从通货兑换权利、自由兑换的层次、自由兑换的范围、兑换价格、货币兑换的自由程度等多个角度,论证了货币自由兑换与外汇市场的内在联系。通过东京、伦敦、新加坡等国际外汇市场的发展历史比较,印证了货币自由兑换与外汇市场发展的相互制约、相互促进关系。最后,文章分析了人民币自由兑换与外汇市场的协调发展。
This paper starts with the definition of full currency convertibility, and demonstrates the intemal relationship between full currency convertibility and the FX market from the perspectives of currency convertibility rights, the hierarchy and scope of full convertibility, the price of convertibility, and the degree of convertibility. After comparing the evolution of the international FX markets in Tokyo, London and Singapore, this paper verifies that full currency convertibility and FX market development constrain and interact with each other. Finally, this paper analyzes the harmonized development of full RMB convertibility and the FX market.
出处
《中国货币市场》
2005年第9期18-21,共4页
China Money
