我国外汇储备与广义货币供应量关系的分析

我国的外汇储备规模大、增速高，已经成为影响国民经济发展的重要因素，越来越引起人们的关注。运用我国广义货币供应量（M2）和外汇储备的时间序列数据进行分析，构建关于广义货币供应量的计量模型，最后得出广义货币供应量对外汇储备产生的正向影响，即我国接下来几年外汇储备还会不断增加。但规模庞大的外汇储备对我国宏观经济运行存在一定的负效应，因而，有针对性地提出了一些政策建议。

An Analysis of Relations between China's Foreign Exchange Reserves and M_2

China's foreign exchange reserves increase more and more,which has an important effect on Chinese economic development,so it focuses people's attention.This paper has analyzed time series data of M2 and foreign exchange reserves,to construct a money supply measurement model.M2 has generated a positive impact on the foreign exchange reserves.But foreign exchange reserves of large size will negatively effect the operation of China's macro-economy,so this paper offers some suggestions finally.