危机后人民币国际化问题及其实现路径——基于香港离岸人民币市场视角分析被引量：2

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摘要本文首先从香港离岸人民币市场视角考察危机后人民币国际化问题,借鉴Holmstorm和Tirole公司直接融资与银行贷款替代模型对离岸人民币融资进行理论分析,指出现有离岸人民币利率存在非均衡性,抑制了香港离岸人民币市场的发展。其次运用误差修正模型对离岸人民币存款利率的非均衡进行实证分析,结果显示:人民币存款利率高于均衡利率、危机后香港离岸人民币存款利率作用渠道多元化、利率非均衡性调整速度加快。最后给出政策建议。

作者吴琼

机构地区东北财经大学研究生院

出处《东北财经大学学报》 2014年第6期65-72,共8页 Journal of Dongbei University of Finance and Economics

关键词人民币国际化误差修正模型离岸人民币均衡利率

分类号 F822 [经济管理—财政学]

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