BGlo  >> Vol. 1 No. 2 (October 2013)

    The Growth Factor Analysis of Chinese Foreign Exchange Reserve Based on Factorial Analysis

  • 全文下载: PDF(252KB) HTML   XML   PP.9-13   DOI: 10.12677/BGlo.2013.12002  
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外汇储备规模因子分析The Reserve Scale of Foreign Exchange; Factor Analysis



In recent years, the rapid growth of the Chinese foreign exchange triggers lots of attention and discussions, and then there is no conclusion about what caused this growth. This paper uses the typical indicators such as economical development level, the balance of foreign debts, the sum of actual foreign investment, the total value of import and export, the broad money supply (M2) and the annual average exchange rate between RMB and the dollar and so on, combining with factor analysis in multivariate statistical analysis, and then discusses the main causes for the rising of foreign exchange reserves. Finally there is a conclusion that economic growth is the main reason for the increasing of foreign exchange reserves.

王志遥, 温亚平, 陈晓卫. 基于因子分析法的中国外汇储备增长因素分析[J]. 商业全球化, 2013, 1(2): 9-13.