The Analysis Of The Foreign Exchange Reserve Of Eastern Asian Countries (Areas) And Their Influences In Economy

Along with the development of the international economy, the function of the foreign exchange reserve is much important in balancing international receipt and expenditure, stabling the rate of exchange, and raising the international credit, which makes that all countries raise further to value the foreign exchange reserve management. The East Asian took the world foreign exchange reserve the accumulation place, its foreign exchange reserve swift and violent growth, had the huge accumulation storage quantity in recent years, became in the recent years world economics developing process to make a big landscape which one paid attention. This article points out the new question and the countermeasure which it faces under the existing international currency system by analyzing the change, the reasons and the management of the foreign exchange reserve of the East Asian countries through out the past ten years.The first part is the foreign exchange reserve outline, mainly including three aspects. The first is the content of the foreign exchange reserve. The foreign exchange reserve means various properties that can act as currency in the international reservation, whose basic forms are overseas bank deposit and foreign country government security. The interpretation of IMF of foreign exchange reserve is: it is held by the Currency Administration to balance of BoP deficit through the currency bank deposits, the Ministry of Finance stock, and other forms of short-long-term government bonds. The second is the functions of the foreign exchange reserve. It is the material foundation of stabilizing native rate of exchange and maintaining the native international prestige and position, making up native BoP deficit. Finally, it introduces the theories which define the foreign exchange reserve. The foreign exchange reserve management refers to a country or a region authority that carries on the effective management for smooth realization foreign exchange reserve each function to the foreign exchange reserve property the systematic work, managing two parts including the total quantity management and the structure management. The total quantity management mainly research for the foreign exchange reserve moderate scale definite question, but the structure primary coverage including the foreign exchange reserve currency cur choice, as well as each reserve currency the weight determination which occupies in the entire foreign exchange reserve property. The foreign exchange reserve management principle is:"Safe, flexible, guarantees price, the increment".The second, third, and forth-part are the focus of this article. The second part carried on analysis to the East Asian country (area) foreign exchange reserve present condition. First, it is the present condition and characteristics of the East Asian country (area) foreign exchange reserve. Since 1998, along with the end of financial crisis in Asia and the changing better of the economic environment inside and outside, the East Asian area foreign exchange reserve has had the very big change, concreting manifestation in: 1.The foreign exchange reserve quantity increases, the total quantity unceasingly climbs largely; 2.The foreign exchange margin by changing moderately exceeds the quota. Then, it analyzes the reason that why the East Asian country (area) foreign exchange reserve increases quickly. It is mainly because that the international payment balance continues the earnings, implements nails fast the result which US dollar exchange rate system, the international environmental condition inferior factor affect together.The third part introduces the East Asian country exchange control system and the characteristic. As the global foreign exchange margin biggest area, East Asian country (area) foreign exchange reserve management has its own characteristic. Through analyzing, we may discover that, the foreign exchange reserve scale of big economy generally takes the wealth increment which stockpiles. They often implement the classifying management to the foreign exchange reserve, in guarantees under the fluid premise, other parts of investments and the returns ratio high domain, enhances the foreign exchange reserve the overall income level. The East Asia foreign exchange reserve management pattern has two kinds of forms approximately: It sets up the property part in the sole exchange control organization interior which isolates mutually, or it separately sets up the different foreign exchange reserve management structure. This article respectively analyzes these two kinds of exchange control pattern and the operation method takes South Korea and Singapore as the example. Through the above analysis, it summarizes the East Asian country (area) in the foreign exchange reserve management success experience: The double level reserve management system, approximately the same foreign exchange reserve management goal, positively manages and so on to the extra foreign exchange reserve.The forth part introduces the influence of the economic development as to the East Asian country (area) foreign exchange reserve increment. First, it introduces the foreign exchange reserve increases sharply to its economical positive influence. The foreign exchange reserve growth is the resistance of the international risk solid material base, a state economy trend which is a more developed stage important propelling force, and also is its currency finally realizes a completely exchangeable essential condition. Then, it introduces the foreign exchange reserve increases sharply to its economical negative influence. It mainly includes the disturbance monetary policy, increasing the exchange rate risk and the interest rate risk, and enlarges the economic crisis possibly to erupt and so on.The fifth part is about our country foreign exchange reserve present situation ponder. Firstly it introduces our country foreign exchange reserve development change and the present situation, and it analyzes the basic reason which our country foreign exchange reserve increases so sharply. Secondly, it introduces our country sole level exchange control system. Then, it simply summarizes the influence of this kind of foreign exchange reserve change to our country macroscopic economy development. Finally, it unifies the international experience in view of present situation of our country foreign exchange reserve and how to control the foreign exchange reserve to grow and to increase foreign exchange reserve income, which is suggested by these two aspects of propose, including advancement exchange control organizational reform, adjustment foreign trade structure and foreign exchange reserve structure and so on.