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论文编号：	8841
作者编号：	2120142564
上传时间：	2016/12/9 6:16:54
中文题目：	人民币国际化背景下我国商业银行汇率风险管理研究——以M银行为例
英文题目：	Research on Exchange Rate Risk Management of Commercial Banks Under the Background of RMB Internationalization——Take M Bank as a Case Study
指导老师：	王全喜
中文关键字：	人民币国际化；商业银行；汇率风险管理；汇率改革
英文关键字：	RMB Internationalization; Commercial Banks; Exchange Rate Risk Management; Exchange Rate Regime Reforms
中文摘要：	人民币国际化是中国作为国际影响力金融大国的必备条件。2009 年 7 月跨境人民币结算试点开启了人民币国际化进程，跨境人民币结算范围和规模不断扩大。2016年10月1日人民币以第五大货币正式纳入国际货币基金组织的特别提款权货币篮子，对人民币国际化带来质的飞跃。商业银行在人民币国际化的快速发展中起到关键作用，越来越多的商业银行将其作为一项战略业务予以推动。然而，在人民币国际化和我国启动汇率改革进程的背景下，汇率市场化程度增强，目前我国商业银行汇率风险管理体系仍不完善，需要提高对汇率风险识别和计量水平，探索新形势下汇率风险的管理方法。本文引入人民币国际化背景下商业银行汇率风险，并对其分类、成因、计量方法、管理方法进行概述，回顾了人民币国际化进程并总结了主要银行汇率风险管理，提出人民币国际化背景下M银行汇率风险计量、管理面临的挑战和存在的问题，进而提出完善M银行汇率风险管理的方法建议。本文由六章构成，第一章为本文的研究背景和研究意义，强调了人民币国际化背景下商业银行汇率风险管理的重要性，总结了商业银行汇率风险计量、管理的国内外研究成果。第二章对商业银行汇率风险作了概述，介绍商业银行汇率风险计量和管理的方法。第三章回顾了人民币国际化进程及汇率制度改革，介绍了我国汇率风险管理规章制度的进展并就我国主要商业银行汇率风险管理做了概述。第四章概括了M银行汇率风险管理的现状，分析了目前仍存在的问题、面临的挑战。第五章针对M银行汇率风险管理中存在的问题提出对策建议。文章最后对人民币国际化背景下我国商业汇率风险管理进行总结，并希望M银行的实例分析对商业银行汇率风险管理带来借鉴和启示作用。随着人民币国际化的不断深入，特别是人民币加入SDR和人民币汇率改革后，汇率市场化程度在加强，汇率波动频繁，商业银行面临的汇率风险加剧，对我国商业银行汇率风险管理的能力和水平提出了挑战。本文研究人民币国际化背景下的我国商业银行汇率风险管理实践，结合M银行汇率管理现状和案例分析，提出商业银行需完善汇率风险管理体系，提高汇率风险计量和创新汇率衍生产品的方法建议。
英文摘要：	For China, the RMB internationalization is an essential part, should it be a financial giant of global influence. China has launched the trials of settling cross-border trade accounts in RMB from July 2009. From then on, cross-border RMB settlement experienced a rapid rise both in amount and in range. On Oct 1st, 2016 the International Monetary Fund (IMF) finally included the Chinese currency, the Yuan, to its Special Drawing Rights (SDR) basket as a fifth currency, marking a milestone in the RMB global march. However, the continuous and rapid development of RMB Internationalization can hardly last without supports from commercial banks. Meanwhile, more and more commercial banks take the cross-border RMB business as a strategy. But under the background of RMB internationalization and Exchange rate formation mechanism reform, marketiza tion of the RMB exchange rate regime is increasingly improved. At present, the exchange rate risk management system to the commercial bank is still needed to be completed, the same to the exchange risk recognition and the measurement. A new management method to the rigorous situation should be probed. This paper introduces the exchange rate risk that commercial banks are facing under the background of RMB internationalization, and then summarizes its categories, causes, measurement methods and management approaches. Meanwhile, this paper reviews the processes of RMB internationalization and summarizes M bank’s challenges and problems in this circumstance concerning exchange rate measurement and management. Furthermore, suggestions are put forward to upgrade the exchange rate risk management of M bank, which are adoptable to the other major commercial banks. Specifically, this essay is composed of six chapters. Chapter 1 introduces the background and significance of this research, emphasizes the importance of exchange risk management and summarizes research achievements of domestic and foreign experts. Chapter 2 detailed overviews the exchange rate risk of commercial banks on how to measure the exchange rate risk and how to manage and control it. Chapter 3 reviews the processes of RMB internationalization, RMB exchange rate regime and the exchange rate formation mechanism reform, summarizes the history of laws and regulations on Chinese commercial bank and compares the exchange rate risk management approaches adopted by major commercial banks. Chapter 4 introduces the current exchange risk management circumstances of M bank and lists problems and challenges M bank is encountering. In Chapter 5, solutions and advices are put forward. Through the case analysis, the thesis comes to the conclusion that commercial banks should use a wide range of foreign exchange solutions to create suitable arbitrage foreign exchange products and help enterprises to avoid the risk of exchange rate fluctuations and reduce the cost. Chapter 6 is the conclusion of the paper. Bi-directional volatility of exchange rate becomes increasingly fierce with the rapid development of RMB internationalization and the reformation of the RMB exchange rate, especially after the RMB joining into SDR. Commercial banks are facing a more demanding situation to improve their exchange rate risk management abilities. This paper discusses the practices related to the exchange rate risk management in China through the method of illustrating the current exchange rate management in M bank with relevant examples. Meanwhile, the research also suggests several innovative approaches for commercial banks to achieve a more effective exchange rate risk management.
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