摘 要
隨著國內(nèi)存貸差的不斷提高，國際外匯儲備的不斷上升，流動性風險更多的集中于流動性過剩帶來的風險。本文從經(jīng)濟數(shù)據(jù)對流動性過剩的表現(xiàn)、成因和危害等經(jīng)濟現(xiàn)象進行分析, 針對性地提出擴大外匯掉期交易和推動商業(yè)銀行金融創(chuàng)新、緩解流動性過剩、擴大消費以及改革匯率制度等相應(yīng)對策, 對科學合理地解決流動性過剩問題有著積極的提示作用。

關(guān)鍵詞：流動性過剩；貨幣供給；外匯占款；存貸差

Analysis of China's excess liquidity, the causes of performance and Countermeasures

ABSTRACT
With the continuous improvement of the domestic deposit and lending, international foreign exchange reserves continue to improve, Liquidity risk is more concentrated on the difficulties caused by excess liquidity. Economic phenomena on the performance, causes and hazards of excess liquidity from the economic data analysis, the proposed foreign exchange investment company, expansion of foreign exchange swaps and promote the financial innovation of commercial banks and ease the excess liquidity, expanding consumption, reform foreign exchange holder structure corresponding countermeasures, scientific and rational solution to the problem of excess liquidity has a positive role for the prompt
Keywords: The excess liquidity;money supply;foreign exchange and poor;sanings and loan



目錄
一、引言 1
二、我國流動性過剩的表現(xiàn) 1
（一）實際貨幣量高于均衡水平 1
（二）存貸差的繼續(xù)擴大 1
（三）企業(yè)可用資金寬松 1
（四）房地產(chǎn)投資增長過快 1

三、流動性過剩的影響 2
（一）流動性過剩助推了我國商品價格上漲，加劇了通脹壓力 2
1、推動投資過度擴張 2
2、推動房地產(chǎn)價格過快上漲 2
3、推動農(nóng)產(chǎn)品價格上漲 2
（二）增加了經(jīng)濟對商業(yè)銀行的依賴，加劇了銀行經(jīng)營風險 2
1、經(jīng)濟對銀行體系依賴性增強 2
2、外匯占款增加，利息支出不斷飆升，對沖成本增大 3
四、流動性過剩成因分析 3
（一）國內(nèi)因素 3
1、為了保持人民幣匯率的相對穩(wěn)定投放的外匯占款 3
2、消費需求不足 4
3、商業(yè)銀行改制上市加劇了流動新過剩 4
4、貨幣流通速度的加快和金融產(chǎn)品的創(chuàng)新 4
5、我國當前匯率制度 4
（二）國際層面因素 5
五、流動性過剩對策 5
（一）改革外匯制度 5
（二）調(diào)整涉外經(jīng)濟金融政策，促進收支平衡 6
（三）對外匯掉期交易繼續(xù)支持 6
（四）商業(yè)銀行大力推進中小企業(yè)貸款和金融產(chǎn)品創(chuàng)新 6
（五）擴大消費需求 6
注釋 8
參考文獻 8