黄金储备与通胀预期管理

伴随全球经济一体化进程,影响黄金价格波动的因素渐多。而且,在平衡国际收支、决定和影响汇率水平、稳定国家经济形势乃至提高国际资信等方面,都对黄金储备提出了要求。当发生金融危机时,黄金储备在抑制通货膨胀方面的作用显得尤为突出。作为国际储备的重要形式,黄金储备虽然存在流动性等缺陷,但由于黄金的货币属性,仍在通货膨胀的预期管理中是不可替代的。

Gold reserve and the management of inflation expectations

With the global economic integration process, the influencing factors on the gold price is much more. To balance the international payments, determine the exchange rate, stabilize the country＇s economic situation, improve the international credit and other aspects all need gold reserves. When a financial crisis starts, the gold reserves have a greater inhibiting effect on inflation. As an important form of international reserves, although gold reserves have disadvantages such as low-mobility, it is still irreplaceable because of it＇s monetary attributes and practical role in the management of inflation expectations.