Empirical Study on the Optimal Scale of China´s Foreign Exchange Reserves
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| Title | Empirical Study on the Optimal Scale of China´s Foreign Exchange Reserves |
| Authors | |
| Abstract | This paper does an empirical study on China’s optimal scale of foreign exchange reserves in 1994-2010, by using the modified Agarwal model which is in accordance with China´s specific national conditions. The results show that the actual size of China´s foreign exchange reserves has been significantly excessive. According to the present situation of China´s foreign exchange reserves, this paper puts forward the following advices to effectively suppress the excessive growth of China´s foreign exchange reserves: (1) Improve trading structures and expand domestic demands; (2) Increase imports and support foreign investments; (3) Pay attention to the quality of GDP and promote rational economic growth; (4) Strictly implement foreign company access system and change the introducing structures of foreign company; (5) Increase the flexibility of RMB exchange rate. |
| Publisher | World Science Publisher |
| Date | 2012-03-22 |
| Source | 2167-6348 |
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