重新认识我国外汇储备的管理与经营

2(X)77(325)No.7,2007GeneNo.325(,l81):,:;;;;JEL:3;24:A:1(X)2-7(2(X)7)a71l7!2(X,10663,,,,,,,,,,,,,,,:,,,,,,,,,70318:,,,325(),,(,,),,,,,,(FDI),,,,(),,,,(),,,,(),,,200220(,268410663,7799,40%,,,,1980,,,12.%;19977,,,,,,,,(),,,,,,,,2(X)77,,3,,,,,(),,500,I,FDI,,,,(FDI)FDI,,,,,,,FDI,,,,,,,,,,,,,,,,,,,(),,;,,2(X,3(X),14%,16%,57%,,85%,%,,,,,;,200682.3,57.9%,,,,,325,(),,,(227,2005,6.5%,,,,,3.5%.,,,,GDP,199853%200541%,,,(),,2(X,57.4,6919527024,37.5%,2(X,7950,21.12%,50,80%3,,,,,,,,GDP,,2221,,2(X3,,25%,,,,,,,,,,,,()2(X)775,,:10%,36,,,2(X)5721,6.9%,,,,,,,3/4,,,,,(),,2)61.76,GDP68%,9690,GDP36%1775,,1775,,,,,,GDP62%200552.1%,199148.8%200538.29%,16,,20%80%,,,();,(),,,,,,,,,;,,,():1,,;2,,325;3,,,;4,,,:,,,,,,,,,,,,,,,(),20(,7916,,,,,,,,,,,,,,,,,(),,,,,,,,,,,,2008,,,,,,,,,,,,,,,,,1998,,,,H.2(X)77,7,,,,,,,,,,,,,,,,:1,;2,,,,;3,,,,,,(),,,;,,;,,,(),,,,,,,,,1(XX),774D,,7740,,,,,,,,,,,,,,s325,,,,,,(),,,,,,,,,(),:1,10,,,,;2,,(),,,,;,(),,,,,,,,,,,,,,,,,,,,,,,,2(X)771,(),(2(X)732,,2733,(,2744,(),20(25,(),(2726,,,2(X)7/26Ah,d:ThePaperinvestigatestheformation,nature,characteristiesOfChinasforei,exehangereserve.Af-terexPlonngthereasonoforitsraPid,th,thepaperpresenisthe~ementprinciPlesoftheforeignex-ehangereserve,theadeestoeontIO1theexcessiveexpansionOfforei,exehanreserve,tousetheforeignerve~eiUyandtobuildthenewmanmtstOfforeiservearegiven,Keywon:FoignReserve;BMoney;C~ntAecount;Capi&FinaneialAeeount;Forei,changeInvesentaCo(:)(:HA)2(X)7.t,2(X)7(:):(732(X)l)()