Based On The Perspective Of The World's Foreign Exchange Reserve Scale Research

The Foreign exchange reserve question has been acontroversial topic economic circle, especially because theworld economic development factors of instabilityincreases. From2008, the U.S. subprime mortgage crisiscaused the global economic crisis beginning, the globaleconomy getting into the development of the downturn,followed by the European sovereign debt crisis surpriseattacking on Europe and getting worse, followed by thepolitical tensions of Middle East and other areas andJapanese earthquake and nuclear crisis, plus globalcommodities prices jumping up, global faced with doublepressure that developed economies deflation and inflationin emerging economies, also plus on August5,2011thenational sovereign credit rating drop, global moreinstability factors increased foreign exchange reservesfacing huge risk exposure, so that the problem of theforeign exchange reserves neeg a more necessary andurgent research.In the background of the economic globalization, thefinancial internationalization and regional economicintegration, the foreign exchange reserves as a kind ofassets, its main functions: the business functions,investment function and avoid risk function are moreprominent. The globalization of economy brings theglobalization of financial risk, the risk of the global crisiscaused by globalization, therefore, to strengthen the study of foreign exchange reserves not only use to his owncountry, but also to the world economy is very important.This paper is dedicated to the study of the history ofthe foreign exchange reserves development tendency, andanalyzing the foreign exchange reserves for the globaleconomy growth (GDP), FDI, global total liabilities, globalcommodity import value and America’s inflation rate andthe trend of the development of the dollar, and summed upthe correlation of it, and then analyzing the reasons forglobal foreign exchange reserves development and change.The first part of the analysis is to analysis the amountof foreign exchange reserves and its time series change.Foreign exchange reserves and related analysis of therelationship between the economic variables. Due to theworld economic development is not balanced rule, theinfluence of the development of foreign exchange reservesthrough structure, area of the distribution of the greatchanges.The second part is that the regional structure analysisof foreign exchange reserves of the distribution of thechange and trend, and then analyzes the reason of itschanges why the global foreign exchange reserves appearthis, and analyzes on the changes of the global economicsystem and the effect on the development of theinternational financial system.The third part is mainly to analysis the importantcharacteristics of the foreign exchange reserves, with that economic globalization and financial internationalization,regional integration foreign exchange reserves under thebackground of the costs and benefits, and the three basicfunctions of the foreign exchange reserves: trade,investment and avoiding risk.In the final, to analysis the development of China’sforeign exchange reserves, tendency and characteristics, therisks in global economic and down to the development ofChina’s foreign exchange reserves to offer somesuggestions to solve the massive foreign exchange reservesthat the impact of "double-edged sword" to China, such asliquidity risk, assets and liabilities under different currencybalance sheet risk, the currency risk mismatching, etc.