The Analysis on Chinese Foreign Exchange Reserves Proper Scale and Measurement

DOI

10.2991/seiem-16.2016.128How to use a DOI?

Keywords

Foreig Exchange Reserves, Monetary International Function, Foreign Exchange Reserves, Proper Scale

Abstract

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 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  - 10.2991/seiem-16.2016.128
ID  - Sun2016/12
ER  -