AnalysisofforeignreservesystemtrendsPapertowritenet:PaperKeywords:foreign;reservesystem;operatingenvironment;trendsAbstract:Sincethe1920sand1930sintroducedtheworldsincethereservesystem,thereservesystemhasundergoneahistoricalevolutionfromtheoriginaltomaintainthesolvencyofbanks,toregulatethemoneysupplyandeffectivemeans.ForeignuseofthecurrentstatutoryreserveratiotoanalyzetheemergenceofnewtrendsandtoexploretheChineseinternationalreservesystemshouldhavethecondition.I.IntroductionThefinancialcrisisintensified,notonlytheglobalfinancialsysteminthedisorder,buttherealeconomywillbedraggedintotheabyssofarecessioninthiscontext,theChinesegovernmentdeterminedtoreversethedirectionofmacroregulationandcontrol-fromthe‘tight’to‘moderatelyloose.’Tothisend,China’scentralbankcutthroughthe‘doublerate’,aswellascreditcontrol,quantitativetoolssuchasthecentral1countingthereleaseofmoneysupply,inordertostimulatedomesticdemandandstimulatetheeconomytoprovideadequateliquidity,ofwhichthedepositreserveratioasthenumberofmonetarypolicywhichtypetoolofchoiceforthereleaseofliquidityhavethemostdirecteffect,suchasSeptember2008hasreducedthedepositreserveratiofourtimes,inthecontrolofcredithasplayedasignificantrole,whilethesamecontext,frequentadjustmentinChinaratioatthesametime,WesterncountriesrarelyusethestatutorydepositreserveratiothistoolfromtheWesterncountriespracticeofmonetarypolicysituation,thestatutorydepositreserveratiointhe1990suntilthetotalamountasacreditadjustmenttool,whichandChina’scurrentsituationissimilar;andafterthe1990s,thereserveintheWesterncountries,diminishingcreditadjustmentfunction.totheUnitedStates,France,Canadaandothercountriesrepresented,someWesterncountriestoabolishtherequirementtoprepareintimedeposits,Thenusethisapproachtootherdevelopedcountries,mainlydevelopedcountries,thereservelevelhasbeenbasicallyreducedto0%,mostofthecountrytoabandontheuse2ofstatutoryreserveratioasmonetarypolicytool.Therefore,itisnecessarytore-lookattheforeignreservesystemdevelopmenttrendsandtheoperatingenvironmentforChina’smonetarypolicy,ChinareducedoreliminatedtoanswerthestatutoryreserveratioWhatconditionsarerequired.Thisarticletriestoanalyzethesequestions.Second,theforeignreservesystemtrendsHistorically,thecentralbankrequirescommercialbankstoprovidepaymentbyacertainpercentageofthereserve,initiallytomaintaintheliquidityoftheassets,strengthenbankliquidityandpreventachainreactionofbankfailures.Althoughduetodifferentnationalsocio-economicenvironment,depositthespecificcontentofthereservesystemarenotthesame,thescopeofapplicationarenotthesame,butthefundamentalmotivationisthesame,andgraduallydevelopedintothecentralbankcontrolofbankcredit,monetarypolicyobjectivestoachieveanimportanttoolinthe1990s,alongwiththefinancialglobalization,theincreasingly3fierceinternationalcompetitioninthebankingindustrythenewfinancialbusinesscarriedout,theintroductionofnewfinancialproducts,commercialbanks,capitalhasbecomeincreasinglyeasyschedulingmanyinnovativefinancialtoolstoavoidtheimpactofthereservepolicyInthiscase,thecentralbanktoadjusttherequiredreserveratioontheroleofmoneysupplywillbecomeincreasinglysmaller.Inaddition,thestatutorydepositreserveratioofthecontrolfunctionofdiminishing.Inrecentyears,developedcountriesinthechoiceofintermediatetargetofmonetarypolicy,increasingemphasisonprice-basedindicators,toolselectionisalsomoreinclined...