关于我国外汇储备规模的分析

目前我国拥有4000多亿美元的外汇储备,按传统研究的结论来看,似乎显得太多了,但是,对于处在开放经济环境中的发展中国家——中国来讲,外汇储备的规模还受其它许多因素的影响,因此,我们可以得出结论:目前我国的外汇储备规模并不是太大了,我们应该拥有极其充足的外汇储备。尽管持有现有规模的外汇储备会产生一定的机会成本,但是相对于内外经济失衡时,由于外汇储备不足而遭受外部冲击后再进行经济调整的代价而言,这种机会成本是小得多的。 

Analysis on China's Foreign Exchange Reserve Scale

By the end of 2003, China's foreign exchange reserve has reached to more than 400 billion US dollors, which appears to be excessive in conventional perspective. However, for China, a developing country in an opening economic environment ,the foreign exchange reserve will unavoidably be influenced by many other factors. Therefore, a conclusion can be drawn that China's current foreign exchange reserve is not over-abundant and it is essential that an absolutely sufficient amount of foreign currency should be reserved in China Although keeping the present amout of foreign exchange reserve may bring about certain opportunity cost, yet it is actually much less comparing with the price we will have to pay when foreign and domestic economies lose their balance and hence we are forced to rearrange the economy after possible external impacts resulted from the inadequacy of foreign exchange reserve.