经济理论与经济管理
經濟理論與經濟管理
경제이론여경제관리
Economic Theory and Business Management
2014年
4期
100~112
,共null页
国际化 货币政策目标 资本管制 产业结构
國際化 貨幣政策目標 資本管製 產業結構
국제화 화폐정책목표 자본관제 산업결구
internationalization objectives of monetary policy~ capital control; industrial structure
德国马克是欧元出现前全球第二大国际货币，但其国际化在相当长的时间内一直受到货币当局的限制。本文通过挖掘德国马克国际化受限的内在原因，得出其主要因素包括德国货币当局对货币价值对内稳定这一货币政策目标的维护，对出口企业竞争力的保护，德国长期实行的资本管制以及德国特殊产业结构下金融业发展的极端落后等。这对于人民币国际化的发展模式、发展条件及推出时机均有重要的启示作用。
德國馬剋是歐元齣現前全毬第二大國際貨幣，但其國際化在相噹長的時間內一直受到貨幣噹跼的限製。本文通過挖掘德國馬剋國際化受限的內在原因，得齣其主要因素包括德國貨幣噹跼對貨幣價值對內穩定這一貨幣政策目標的維護，對齣口企業競爭力的保護，德國長期實行的資本管製以及德國特殊產業結構下金融業髮展的極耑落後等。這對于人民幣國際化的髮展模式、髮展條件及推齣時機均有重要的啟示作用。
덕국마극시구원출현전전구제이대국제화폐，단기국제화재상당장적시간내일직수도화폐당국적한제。본문통과알굴덕국마극국제화수한적내재원인，득출기주요인소포괄덕국화폐당국대화폐개치대내은정저일화폐정책목표적유호，대출구기업경쟁력적보호，덕국장기실행적자본관제이급덕국특수산업결구하금융업발전적겁단락후등。저대우인민폐국제화적발전모식、발전조건급추출시궤균유중요적계시작용。
The rapid growth of China＇s economics has aroused people to rethink the structure of global economics and monetary. One of the important topics is the issue of RMB internationalization. Before the establishment of euro, Deutsche Mark is the second-largest international currency in the world. However, its internationalization has been limited by the monetary authorities for a long time. This paper will show a systematic analysis of German historical events and related policies, in order to find the underlying causes of the limitation of Deutsche Mark internationalization. The factors include the protection of monetary pol- icy objectives of internal stability using money value, the protection of exporters＇ international competi- tiveness, the long-established capital control and the special industrial structure o{ German. The limitation of Deutsche Mark internationalization has some inspiration to the development model and conditions, as well as the timing of RMB internationalization.
