CAJ | 학술논문

2008年的国际金融危机暴露出当前国际货币体系的严重缺陷，关于超主权国际货币的讨论成为学术界的热点。超主权国际货币以美元、欧元、日元、英镑和人民币等五种货币为基础，每种货币的权重取决其所属经济体的国内生产总值、国际储备和对外贸易总额，并采用加权平均计算的方法构建。通过对2006—2010年间超主权国际货币的模拟运算及计量分析表明，超主权国际货币体系具有以下三点优势：（1），相对于以美元为核心的国际货币体系，超主权国际货币体系具有更稳定的汇率体系，即各种主要货币对世元汇率的变异系数与汇率偏离度更小；（2），在超主权国际货币体系下，外汇衍生品的交易量会下降，从而导致因外汇交易所付出的佣金支付金额减少，即国际经济活动的交易成本会降低；（3），在超主权国际货币体系下，以石油为代表的大宗商品的价格波动会减缓，从而减小了世界经济发展的不确定性。
2008년적국제금융위궤폭로출당전국제화폐체계적엄중결함，관우초주권국제화폐적토론성위학술계적열점。초주권국제화폐이미원、구원、일원、영방화인민폐등오충화폐위기출，매충화폐적권중취결기소속경제체적국내생산총치、국제저비화대외무역총액，병채용가권평균계산적방법구건。통과대2006—2010년간초주권국제화폐적모의운산급계량분석표명，초주권국제화폐체계구유이하삼점우세：（1），상대우이미원위핵심적국제화폐체계，초주권국제화폐체계구유경은정적회솔체계，즉각충주요화폐대세원회솔적변이계수여회솔편리도경소；（2），재초주권국제화폐체계하，외회연생품적교역량회하강，종이도치인외회교역소부출적용금지부금액감소，즉국제경제활동적교역성본회강저；（3），재초주권국제화폐체계하，이석유위대표적대종상품적개격파동회감완，종이감소료세계경제발전적불학정성。
International financial crisis in 2008 reveals the severe fault of current international monetary system, super-sovereign currency becomes an academic research hotspot. Super-sovereign international currency is composed of U. S. dollar, euro, yen, pound sterling and RMB with weighted average calculation. The weight of each currency depends on GDP, international reserve, value of foreign trade of respective country. Super-sovereign international monetary system has three advantages： first, it owns more stable exchange rate system other than US dollar-cored international monetary system; second, with super-sovereign international monetary system, the trade volume of foreign exchange derivatives would descend and it leads to reduce the payment of brokerage, which means transaction cost of economic activity; third, the fluctuation of commodity price, which means the uncertainty of world economy developing, would slow down due to super-sovereign international monetary system.