The Analysis on Chinese Foreign Exchange Reserves Proper Scale and Measurement
Yexia Sun, Bing Han
Available Online December 2016.
- https://doi.org/10.2991/seiem-16.2016.128How to use a DOI?
- Foreig Exchange Reserves, Monetary International Function, Foreign Exchange Reserves, Proper Scale
- It is an issue how to calculate the proper scale of foreign exchange reserves. The existing researches about this utilize many models and methods but there is a lack of integrity and theory. This paper will try to calculate the proper scale of foreign exchange reserves from the perspective of demand using money means of purchase, means of payment and wealth functions as the independent variables. We establish a formula appropriate to China's true situation and then calculate the appropriate scale of Chinese foreign exchange reserves from 2007 to 2015. The results show that excess foreign exchange reserves exist in China and the excess foreign exchange reserve shows an upward trend year by year but in 2014 there is a turning point.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yexia Sun AU - Bing Han PY - 2016/12 DA - 2016/12 TI - The Analysis on Chinese Foreign Exchange Reserves Proper Scale and Measurement BT - 2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016) PB - Atlantis Press SP - 500 EP - 503 SN - 2352-5398 UR - https://doi.org/10.2991/seiem-16.2016.128 DO - https://doi.org/10.2991/seiem-16.2016.128 ID - Sun2016/12 ER -