人民币国际化的台湾窗口

发布时间：2018-01-07 09:00

本文关键词：人民币国际化的台湾窗口　出处：《华东师范大学》2013年硕士论文　论文类型：学位论文

【摘要】：随着两岸三通、ECFA(海峡两岸经济合作框架协议)的签订这一系列标志着台湾海峡两岸经济贸易合作不断深化的重要历史性事件的发展,海峡两岸的经济、贸易、金融合作正越来越密切。两岸三通、ECFA给两岸经贸发展带来了巨大的推动与促进作用,但是两岸个人与经贸实体更期盼着金融、货币层面的进一步“两岸三通”。当前金融与货币层面的互通不便给两岸的经济合作与发展形成了无形的阻碍。例如：人民币与新台币的互换还需要中间货币美元的“搭桥”；两岸货物与服务贸易的结算及关税方面还存在一定的“门槛”；两岸企业股权、债券融资很大程度上还局限在各自的资本市场(例如：鲜有大陆企业至台湾证券交易所上市)。海峡两岸不论在经济结构上还是技术与资本上都存在一定程度的互补,如果两岸财政与货币当局能够在金融、货币层面达成密切的合作协议将对实体经济的各个领域产生重大而深远的影响。在人民币国际化的背景下,两岸金融、货币领域的合作亦离不开人民币国际化这一世界货币体系新的重要“旋律”。借鉴香港作为人民币国际化的第一窗口在过去的数年里的成功经验,我想不久之后“人民币国际化的台湾窗口”这一议题亦将被提上日程成为造福于两岸人民的又一重要趋势。根据发达国家推进其货币国际化的经验及人民币国际化的香港窗口的已有经验研究,海峡两岸推进人民币国际化的路径主要包括三点：一是签订人民币与新台币的双边货币互换协议,二是跨境贸易的人民币结算,三是将台北打造成另一个人民币离岸市场。通过以上路径最终达到在海峡两岸的公部门与私部门间实现以人民币为计价单位、交易媒介、价值储藏的目的。其直接、间接效应将促进两岸经贸发展最终为两岸人民谋福祉,并且为人民币国际化宏伟蓝图的实现添砖加瓦。本文首先分类梳理了国外学者、大陆学者、台湾学者对于货币国际化、发展人民币离岸中心及海峡两岸经贸发展相关议题的研究。接下来回顾了两岸经济与贸易的发展,以及货币、金融合作的现状。其次,通过明确两岸金融、货币层面合作的重要意义来引出本文就推进两岸金融合作提出的重要措施与建议,即发展人民币国际化的台湾窗口。其后,文章循序渐进地探究了如下三个问题：什么是人民币国际化的台湾窗口(what)、为什么要发展台湾窗口(why)、如何发展台湾窗口(how)。第一个问题在本文2.2.1节给出了答案。之后的两节分别论证了发展台湾窗口的重要意义及积极因素(优势)给出了第二个问题的答案。全文的第三章,通过借鉴发达国家地区离岸金融市场的已有经验及人民币国际化在香港推进的经验,详细了研究了第三个问题——如何发展台湾窗口。之后是议题的再深入,针对在台湾推进人民币国际化存在的制度性障碍及相应解决理论依据和相应的风险防范给出了建设性的观点。最后,根据理论基础和本文的实证分析,综合并总结了上述章节所论述的观点,对相关货币当局提出建议。
[Abstract]:With the cross-strait three links, ECFA (cross-strait economic cooperation framework agreement) signed a series of important historical development marks on both sides of the Taiwan Strait Economic and trade cooperation deepening events, cross-strait economic, trade and financial cooperation is increasingly close. The cross-strait three links, ECFA brings a huge promotion and the promotion of the role for the development of cross-strait economic and trade, but both individual entities are more looking forward to the financial, monetary level further "cross-strait three links". The current financial and monetary exchange and cooperation between the two sides of the inconvenience to the economic development of the formation of hidden barriers. For example: the exchange of RMB and NT also need intermediate currency to the dollar "bypass" settlement and customs; cross-strait trade in goods and services have a certain "threshold"; both sides of corporate equity, bond financing is still largely confined to their capital The market (for example: few to mainland enterprises listed on the Taiwan stock exchange). Both sides of the Strait in economic structure and technology and capital are complementary to a certain extent, if both fiscal and monetary authorities in the financial and monetary cooperation agreement closely will have a significant and far-reaching impact on all areas of the real economy.
In the background of internationalization of the RMB, the cross-strait financial and monetary cooperation also cannot do without the RMB internationalization of the world monetary system an important new melody. Learn from the successful experience of Hongkong RMB internationalization as the first window in the past few years, I think soon after "RMB internationalization of the Taiwan window of the issue will also be on the agenda as an important trend for the benefit of people on both sides of the existing research. According to the experience and experience of developed countries to promote the internationalization of RMB currency internationalization of Hongkong window, on both sides of the Strait to push RMB internationalization path mainly includes three points: one is signed bilateral currency swap agreements of RMB and NT $two. Is the cross-border trade in RMB clearing, three is Taipei will become another offshore RMB market. To reach across the Strait through the above path The public sector and private sector achieve the purpose of storing Renminbi as the unit of valuation, the medium of exchange, and the value store. The direct and indirect effects will promote the development of cross-strait economic and trade, and ultimately achieve happiness for the people across the Straits, and also contribute to the realization of the grand blueprint of RMB internationalization.
This paper first reviews the classification of foreign scholars, scholars in the mainland, Taiwan scholars for the study of issues related to currency internationalization, the development of offshore RMB center and cross-strait economic and trade development. Then the paper reviewed the development of cross-strait economic and trade and monetary, financial cooperation present situation. Secondly, through clear cross-strait financial cooperation, an important significance to the monetary level this leads to the important measures and suggestions on promoting cross-strait financial cooperation is put forward, namely the development of RMB internationalization in Taiwan window. Subsequently, the article gradually explores the following three questions: what is the internationalization of the RMB in Taiwan window (what), why the development of Taiwan window (why), how to develop Taiwan window (how). A problem in this section 2.2.1 gives the answer. After the two respectively demonstrated the positive factors and significance of the development of Taiwan window (advantage) are given in section The answer to the two question. The third chapter, through the experience from the developed countries and the RMB offshore financial market internationalization in the area of Hongkong to promote the experience with the third research questions: how to develop the Taiwan window. After the issue is further, in Taiwan to promote the institutional obstacles of the internationalization of the RMB and the corresponding to solve the theoretical basis and the corresponding risk prevention gives constructive views. Finally, according to the empirical analysis of the theoretical basis and the comprehensive summary of the chapters and the argument, put forward to the related monetary authorities.

【学位授予单位】：华东师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.6

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