Abstract: The paper points out that the trend of the adequacy criterion for foreign exchange reserve is increasing the extent and raising the level, but the quantity of foreign exchange reserve decreases comparatively as for each developed nation. The practical situation deviates from the theoretical trend, so it doesn′t think GG-IMF Criterion for granted scientifically, but only a confusion theory neglecting reserves cost, and has knowledge fraud. The paper takes for that the adequacy norm should be determined by the fluctuation risk of the balance of international payments and the yield on investment overseas.

基于1个网页-相关网页