摘要
本文应用产业组织理论的分析方法研究我国外汇市场集中度问题。我国外汇市场结构的特点是垄断与封闭并存 ,反映在外汇市场集中度上就是绝对集中度指数 (Cn)和赫芬因德指数 (HI)明显偏高。造成我国外汇市场集中度较高的主要原因有外汇管制措施、人民币有限兑换、市场准入限制以及历史因素等。文章最后提出了完善外汇市场的对策和思路。
This paper applies the theoretical methods of industrial organization theory to explore the concentration index of China's foreign exchange market Bescause of monoply and closeness of the market, china's concentration indices of its.foreign market (Cn index & HI index) from 1996 to 1999 are contrastly higher than those of the international foreign exchange market.The high concentration arise from foreign exchange control, RMB limited exchange convertibility, market entry limits and some historical factors.This paper also proposes policies to improve China' foreign exchange market, including deregulatiing China's foreign exchange control, enhancing China's interest rate marketization and liberalizing market entry.
出处
《财经研究》
CSSCI
北大核心
2001年第8期22-26,58,共6页
Journal of Finance and Economics
关键词
外汇市场
市场结构
外汇市场集中度
中国
foreign exchange market
market structure
concentration index of foreign exchange market
