金融发展研究
金融髮展研究
금융발전연구
JOURNAL OF FINANCIAL DEVELOPMENT RESEARCH
2013年
2期
38-41
,共4页
驻锚货币%区域性货币锚%发展路径
駐錨貨幣%區域性貨幣錨%髮展路徑
주묘화폐%구역성화폐묘%발전로경
anchor currency%regional monetary anchor%development route
本文针对人民币跨境流通使用后出现的结算货币与计价货币分离、人民币计价职能难以发挥等问题,从驻锚货币的角度进行了讨论和研究,认为成为货币锚是货币广泛发挥国际计价功能的集中体现和关键基础,也是一国货币国际化成败的最终标志.为此,本文构建了货币替代模型,研究人民币形成货币锚的初始选择,并在此基础上提出了相应发展路径.
本文針對人民幣跨境流通使用後齣現的結算貨幣與計價貨幣分離、人民幣計價職能難以髮揮等問題,從駐錨貨幣的角度進行瞭討論和研究,認為成為貨幣錨是貨幣廣汎髮揮國際計價功能的集中體現和關鍵基礎,也是一國貨幣國際化成敗的最終標誌.為此,本文構建瞭貨幣替代模型,研究人民幣形成貨幣錨的初始選擇,併在此基礎上提齣瞭相應髮展路徑.
본문침대인민폐과경류통사용후출현적결산화폐여계개화폐분리、인민폐계개직능난이발휘등문제,종주묘화폐적각도진행료토론화연구,인위성위화폐묘시화폐엄범발휘국제계개공능적집중체현화관건기출,야시일국화폐국제화성패적최종표지.위차,본문구건료화폐체대모형,연구인민폐형성화폐묘적초시선택,병재차기출상제출료상응발전로경.
Since the RMB cross-border circulation started,problems has arisen such as the separation of invoicing currency and settlement currency and the difficulty for RMB to play the invoicing function. This paper conducts a dis-cussion and research from the perspective of anchor currency and believes that to be an anchor currency is the key and foundation for a currency to exercise the function of international invoicing,which is also the ultimate sign of success for the internationalization of a country's currency. To this end,we build a currency substitution model to identify the initial selection of the RMB to form a monetary anchor,namely,the regional monetary anchor,and propose corre-sponding development route on this basis.
