再论人民币国际化

发布时间：2018-04-19 15:28

本文选题：人民币国际化 + 美元外汇储备　；参考：《国际经济评论》2011年05期

【摘要】：当前人民币国际化已进入快车道,中国政府推动人民币国际化是完全正确的,但目前推行的人民币国际化的路线图存在不少问题。在当前形势下,以人民币贸易结算为突破口的国际化难免导致新增美元外汇储备的增加。推行本币计价比推行本币结算更为重要。人民币国际化不能简单地理解为在贸易和金融交易中尽可能多地使用人民币,而忘记资产与货币的币种结构问题。所谓人民币"回流"问题,从中国境外资产负债的币种结构调整的角度看,只是对中国人民币债务的境外持有者提供多高回报的问题。在美元贬值和美国国债不再安全的情况下,国际金融市场用人民币资产置换美元资产的意愿强烈。依靠满足这种意愿人民币国际化固然可以取得进展,但中国必须考虑清楚为此需要付出的代价。总之,人民币国际化必须在明确目的、看清方向、细致规划的前提下,逐步推进。
[Abstract]:The Chinese government is absolutely right to push for the internationalization of the yuan, but there are many problems in the current road map of internationalization of the yuan.In the current situation, the internationalization of RMB trade settlement will inevitably lead to the increase of foreign exchange reserves.The promotion of local currency valuation is more important than the introduction of local currency settlement.The internationalization of the renminbi cannot simply be understood as the use of the renminbi as much as possible in trade and financial transactions, and forget about the currency structure of assets and currencies.The so-called "backflow" of the renminbi, from the perspective of the currency restructuring of China's foreign assets and liabilities, is only a question of how high the return is to foreign holders of China's renminbi debt.With the dollar falling and U.S. Treasuries no longer safe, there is a strong willingness in international financial markets to swap yuan assets for dollar assets.While progress can be made by meeting this desire, China must consider the price it will have to pay.In short, RMB internationalization must be carried out step by step on the premise of clear purpose, clear direction and careful planning.
【作者单位】：中国社会科学院学部;中国社会科学院世界经济与政治研究所;
【分类号】：F832.6

【相似文献】