中国货币错配引致原因的实证分析:1986～2005
5403 
740
财经研究 2007 年 第 33 卷第 06 期, 页码：112 - 123
摘要
参考文献
摘要
货币错配是发展中国家普遍存在的一种经济金融现象,研究这一现象对我国汇率制度改革和金融深化过程中经济金融政策的制订具有重要的意义。文章首先简单介绍了国外对货币错配引致原因的最新研究成果,在此基础上对1986年至2005年间我国货币错配的引致原因进行了实证检验,实证结果表明,国家的经济规模、金融市场的发展水平和实际有效汇率的变动等因素对我国的货币错配程度有着显著的影响,最后结合我国货币错配现象的特点对以上因素的影响机制进行了分析。
[1]贺庆春,刘少波.货币错配现象的理论解释及其对我国的启示[J].当代财经,2007,(4):55~61.
[2]李扬.汇率制度改革必须高度关注货币错配风险[J].财经理论与实践,2005,(7):2~5.
[3]刘少波,贺庆春.中国货币错配程度及其影响因素[J].管理世界,2007,(3):32~41.
[4]裴平,孙兆斌.中国的国际收支失衡与货币错配[J].国际金融研究,2006,(8):66~72.
[5]夏建伟,曹广喜.我国货币错配问题探讨[J].财贸研究,2006,(3):9~12.
[6]Calvo Guillermo,Carmen Reinhart.Fear of floating[J].Quarterly Journal of Econom-ics,2002,177:379~408.
[7]Cowan,Erwin Hansen,Luis Oscar Herrera.Currency mismatches,balance-sheeteffects and hedging in chilean non-financial corporations[R].Research Depart mentWorking Papers 521,2005(1).
[8]Eichengreen B,R Hausmann.Exchange rate and financial fragility[R].NBER WorkingPaper 7418,1999.
[9]Eichengreen B,R Hausmann,U Panizza.Currency mismatches,debt intolerance andoriginal sin:Why they are not the same and why it matters[R].NBER Working Paper10036,2003b.
[10]Eichengreen B,Hausmann R,U Panizza.Currency mismatches,exchange rate policy[J].American Economic Review2003a,94(4):1183~1193.
[11]Giancarlo Corsetti,Bartosz Mac′kowiak.Afiscal perspective on currency crises and“o-riginal sin”[A].Currency and maturity mismatching:Redeeming debt fromoriginal sin[C].Organized by the Inter-American Development Bank and Harvard University withthe support of the University of California,Berkeley,held in Washington DC on No-vember 21~22,2002.
[12]Goldstein MP.Turner:Controlling currency mismatches in emerging economies[M/CD].Institute for International Economics,Washington DC,ISBN Paper 0-88132-360-8.http://bookstore.iie.com.
[13]Jeanne O,J Zettel meyer,Original Sin.Balance sheet crises,and the roles of interna-tional lending[R].I MF Working Paper,2002.
[14]John D Burger,Francis E Warnock.Diversification,original sin,and internationalbond portfolios[R].FRBInternational Finance Discussion Paper No.755,2003.
[15]Kahn B.“Original Sin”and bond market development in Sub-Saharan Africa[R].Afri-ca in the World Economy.The National,Regional and International ChallengesFondad,The Hague,www.fondad.org,2005.
[16]Philip Turner.The currency denomination of debt and mismatches in emerging econo-mies[R].A note prepared for the World Bank’s 2004 Government Borrowers Forum.
[17]Reinhart Carmen,Kenneth Rogoff,Miguel Savastano.Debt intolerance[R].BrookingsPapers on Economic Activity 2003(1):1~62.Washington DC:Brookings Institution.Landreau.
③关于我们测算AECM指数的方法、数据的选择以及对其他学者在测算中所存在的问题请参见《中国货币错配程度及其影响因素》,《管理世界》2007年第3期。
[2]李扬.汇率制度改革必须高度关注货币错配风险[J].财经理论与实践,2005,(7):2~5.
[3]刘少波,贺庆春.中国货币错配程度及其影响因素[J].管理世界,2007,(3):32~41.
[4]裴平,孙兆斌.中国的国际收支失衡与货币错配[J].国际金融研究,2006,(8):66~72.
[5]夏建伟,曹广喜.我国货币错配问题探讨[J].财贸研究,2006,(3):9~12.
[6]Calvo Guillermo,Carmen Reinhart.Fear of floating[J].Quarterly Journal of Econom-ics,2002,177:379~408.
[7]Cowan,Erwin Hansen,Luis Oscar Herrera.Currency mismatches,balance-sheeteffects and hedging in chilean non-financial corporations[R].Research Depart mentWorking Papers 521,2005(1).
[8]Eichengreen B,R Hausmann.Exchange rate and financial fragility[R].NBER WorkingPaper 7418,1999.
[9]Eichengreen B,R Hausmann,U Panizza.Currency mismatches,debt intolerance andoriginal sin:Why they are not the same and why it matters[R].NBER Working Paper10036,2003b.
[10]Eichengreen B,Hausmann R,U Panizza.Currency mismatches,exchange rate policy[J].American Economic Review2003a,94(4):1183~1193.
[11]Giancarlo Corsetti,Bartosz Mac′kowiak.Afiscal perspective on currency crises and“o-riginal sin”[A].Currency and maturity mismatching:Redeeming debt fromoriginal sin[C].Organized by the Inter-American Development Bank and Harvard University withthe support of the University of California,Berkeley,held in Washington DC on No-vember 21~22,2002.
[12]Goldstein MP.Turner:Controlling currency mismatches in emerging economies[M/CD].Institute for International Economics,Washington DC,ISBN Paper 0-88132-360-8.http://bookstore.iie.com.
[13]Jeanne O,J Zettel meyer,Original Sin.Balance sheet crises,and the roles of interna-tional lending[R].I MF Working Paper,2002.
[14]John D Burger,Francis E Warnock.Diversification,original sin,and internationalbond portfolios[R].FRBInternational Finance Discussion Paper No.755,2003.
[15]Kahn B.“Original Sin”and bond market development in Sub-Saharan Africa[R].Afri-ca in the World Economy.The National,Regional and International ChallengesFondad,The Hague,www.fondad.org,2005.
[16]Philip Turner.The currency denomination of debt and mismatches in emerging econo-mies[R].A note prepared for the World Bank’s 2004 Government Borrowers Forum.
[17]Reinhart Carmen,Kenneth Rogoff,Miguel Savastano.Debt intolerance[R].BrookingsPapers on Economic Activity 2003(1):1~62.Washington DC:Brookings Institution.Landreau.
③关于我们测算AECM指数的方法、数据的选择以及对其他学者在测算中所存在的问题请参见《中国货币错配程度及其影响因素》,《管理世界》2007年第3期。
引用本文
刘少波, 贺庆春. 中国货币错配引致原因的实证分析:1986～2005[J]. 财经研究, 2007, 33(6): 112–123.
导出参考文献，格式为：
上一篇：政府效率的空间溢出效应研究
