CAJ | 학술논문

文章认为国家经济价值的提高产生了对制度创新的需求，国际货币制度不均衡的关键原因是国家的经济价值。作为公共产品，由集体行动所供给的国际货币制度由于搭便车和外部性产生滞后效应。在陷入集体行动困境的现实国际货币体系中，由单个国家（中国）或自愿合作的国家集团（欧盟或亚洲货币区）所主导的诱致性的制度变迁是一种有效的边际改革，将会带来由美元主导的不稳定的国际货币体系变迁到多元的稳定的国家货币体系。由于中国的国家经济价值不断提升，国际货币制度的稳定需要人民币国际化。中国应该内外兼修，使人民币成为亚洲货币联盟的“锚”货币。
문장인위국가경제개치적제고산생료대제도창신적수구，국제화폐제도불균형적관건원인시국가적경제개치。작위공공산품，유집체행동소공급적국제화폐제도유우탑편차화외부성산생체후효응。재함입집체행동곤경적현실국제화폐체계중，유단개국가（중국）혹자원합작적국가집단（구맹혹아주화폐구）소주도적유치성적제도변천시일충유효적변제개혁，장회대래유미원주도적불은정적국제화폐체계변천도다원적은정적국가화폐체계。유우중국적국가경제개치불단제승，국제화폐제도적은정수요인민폐국제화。중국응해내외겸수，사인민폐성위아주화폐련맹적“묘”화폐。
This paper arGues that there is a new demand for system with the improvement of the national eco_nomic value,and the key reason for the imbalance of the international monetary system is the national economic val_ue. As public Goods,due to hitchhike and externalities,the international monetary system supplied by collective ac_tion has a laGGinG effect. The system is in the predicament of collective action,the institutional chanGe dominated by a sinGle country( China)or cooperative Group of countries( EU or Asian currency area)is an effective marGinal re_form,it will make the unstable dollar—dominated international monetary system chanGe to the stable multi—curren_cy dominated system. Since the national economic value is risinG,the internationalization of RMB is necessary for the stability of the international monetary system. So China should make the RMB become the“anchor”currency of A_sia Monetary Union.