“热钱”问题研究.doc

“热钱”问题研究

摘    要

改革开放特别是加入WTO以来，我国进一步融入了世界经济之中，外贸依存度不断提高，呈现了开放格局下的经济快速增长趋势。但在这种经济大开放和大发展的过程中，也同时产生了一些值得关注的问题。其中，缘于国内经济结构失衡和对外经济失衡造成的流动性过剩及受人民币汇率变化因素影响的国际“热钱”对我国经济产生前所未有的冲击，也是当前我国经济发展中面临的突出问题。
本文就国际“热钱”对我国冲击问题进行分析，首先国内外研究文献进行综述，其次，引入模型并进行回归验证，并得出结论、提出对策建议，最后就日本经济泡沫的分析阐述了诸多启示。

关键词：热钱；人民币升值；短期资本流动；日本经济泡沫
 
ABSTRACT

Reform and opening up policy, especially since WTO accession, China's further integration into the world economy, increasing dependence on foreign trade, showing an open pattern of rapid economic growth.  In this economy, opening up and the  process of large-scale development, and also produced a number of issues of concern.Which, due to the domestic economy and external economic imbalances, structural imbalances caused by excess liquidity and exchange rate changes by factors of international "hot money" the impact on China's economy is also facing China's economic development in the outstanding issues.
Aiming at the international "hot money" on the issue of the impact analysis, literature review study at home and abroad, the introduction of the model and its validation, and come to the conclusion proposed in this paper to the Japanese economic bubble of the last analysis has also been a lot of inspiration.

Key words：Hot money ；RMB appreciation ；Short-term capital flows ；The Japanese economic bubble

目    录

第一章  文献综述 1
一、国外研究与国内研究综述 1
二、研究的意义 4
三、研究的思路与方法 4
第二章  引入模型及验证 5
一、短期资本流动模型的引入 5
二、“热钱”效应检验 6
三、热钱治理的对策 13
第三章  日本泡沫经济及其启示 15
一、广场协议 15
二、日本泡沫经济的教训 17
三、日本“失去的十年”的启示 18
结束语 20
参考文献 21
致   谢 22