摘要
本文的研究表明,我国的短期外债和长期外债之间存在长期均衡关系,短期外债变化是长期外债变化的Granger原因,短期外债变化对长期外债变化具有负效应。短期外债已经成为当前我国外债的主要来源,短期外债占外债余额的比例已经超过国际警戒线,并且这一比例逐年递增。我国需要合理安排短期外债和长期外债的比例,优化外债结构,在外债管理模式、管理形式、管理重点和借款种类等方面也需要进一步调整。
The research of this paper shows that there is a long-term equilibrium relationship between the short-term and long-term external debts of our country.The changes in short-term external debt is the Granger cause of the changes in long-term external debt.The changes in short-term external debt have negative effect on long-term external debt.Short-term external debt has become a major source of the external debt of our country.The proportion of short-term external debt in external debt balance has exceeded th...
出处
《经济经纬》
CSSCI
北大核心
2009年第6期119-122,共4页
Economic Survey
关键词
短期外债
长期外债
外债
动态关系
short-term external debt
long-term external debt
external debt
dynamic relationship
