基于离岸金融市场的人民币国际化研究

发布时间：2018-01-20 00:28

本文关键词： 人民币货币国际化离岸金融市场回流机制　出处：《山东财经大学》2014年硕士论文　论文类型：学位论文

【摘要】：自300年前人类社会进入国家主权货币时代以来，每一次大国经济的崛起都伴随着本国货币国际影响力的持续上升。2007年爆发的国际金融危机，充分暴露了以美元为主权货币的现行国际货币体系的弊端，动摇了美元、欧元等主权货币统治地位。作为世界第二大经济体的中国，经济实力和增长潜力极其巨大，人民币迈向国际化毋庸置疑的将成为中国未来发展的关键，同时也必然成为未来中国经济发展在世界范围内的理论热点之一。然而，基于我国目前金融发展状况和国内金融政策的约束，以及人民币在我国地区贸易结算中的地位，依靠离岸金融市场推动人民币国际化相比于其他途径来说将成为较好的一种选择。本文通过对中外文献进行筛选、研究，总结了人民币国际化和离岸金融市场的相关理论知识，同时阐述了目前人民币国际化的发展状况，从理论层面总体把握了文章的主要理论框架。对香港、伦敦、新加坡等地区的人民币离岸市场发展状况、发展优势和面临的挑战进行梳理、对比和综合分析，并结合其他国家离岸金融市场推动货币国际化的经验，从实践上把握离岸金融市场对人民币国际化的促进作用。最后，运用实证分析方法，用人民币国际化指数衡量人民币国际化程度，通过构建实证模型，从数理方面挖掘离岸金融市场对人民币国际化的正效应。通过从理论、实践、计量三个方面的综合分析，，为进一步完善和发展香港人民币离岸市场建设，推动遍布全球的人民币离岸市场的发展，提出可行性的政策与建议。
[Abstract]:Since the human society entered the era of national sovereign currency 300 years ago, the rise of every big country's economy has been accompanied by the continuous rise of its currency's international influence. In 2007, the international financial crisis broke out. It has fully exposed the disadvantages of the current international monetary system, which regards the US dollar as the sovereign currency, and shaken the dominance of sovereign currencies such as the US dollar and the euro. China, as the second largest economy in the world, has become the second largest economy in the world. The economic strength and growth potential are extremely huge, and the internationalization of RMB will undoubtedly become the key to the future development of China. At the same time, it will become one of the theoretical hotspots in the future economic development of China in the world. However, based on the current situation of financial development and the constraints of domestic financial policies in China. And the status of RMB in China's regional trade settlement, relying on offshore financial markets to promote the internationalization of RMB will be a better choice than other ways. The research summarizes the relevant theoretical knowledge of RMB internationalization and offshore financial market, at the same time expounds the current development of RMB internationalization, from the theoretical level of the overall grasp of the main theoretical framework of the article. London, Singapore and other regions of the offshore renminbi market development, development advantages and challenges to comb, comparative and comprehensive analysis, and combined with other countries offshore financial markets to promote currency internationalization experience. Finally, using the empirical analysis method, using the RMB internationalization index to measure the degree of RMB internationalization, through the construction of empirical model. This paper explores the positive effects of offshore financial market on the internationalization of RMB from the aspects of mathematics and physics. Through the comprehensive analysis of three aspects: theory, practice and measurement, this paper aims to further improve and develop the offshore market of RMB in Hong Kong. Promote the development of RMB offshore market all over the world, and put forward feasible policies and suggestions.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.6

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