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Empirical Study on the Optimal Scale of China's Foreign Exchange Reserves

Advances in Applied Economics and Finance

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Field Value
 
Title Empirical Study on the Optimal Scale of China's Foreign Exchange Reserves
 
Creator Chen, Junjun
Lei, Lianghai
 
Subject Foreign exchange reserves; Optimal scale; Modified Agarwal model
 
Description 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
 
Contributor —
 
Date 2012-03-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/172
 
Source Advances in Applied Economics and Finance; Vol 1, No 1 (2012); 71-74
2167-6348
 
Language eng
 
Relation http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/172/170
 
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