论文部分内容阅读
本文从对冲汇率和利率风险,多元化配置投资与高收益弥补短期流动性不足三方面分析了SDR债券发行的可行性,然后借鉴ECU债券发行模式,结合SDR债券的特点为其进行结构设计,最后本文基于SDR债券仍存在的问题,从基础配套措施、金融衍生工具、托管授信制度三个方面为其提供政策建议。
This article analyzes the feasibility of SDR bond issuance from the aspects of hedging exchange rate and interest rate risk, diversifying allocation of investment and making up for short-term liquidity, and then draws lessons from the issuance mode of the ECU bond and combines with the features of the SDR bond to design the SDR bond. Finally, Based on the existing problems of SDR bonds, this article provides policy suggestions on three aspects of basic supporting measures, financial derivatives and custodian credit system.