东亚货币合作中人民币“货币锚”地位研究

发布时间：2018-03-16 20:52

本文选题：货币合作　切入点：最优货币区　出处：《天津财经大学》2014年硕士论文　论文类型：学位论文

【摘要】：近几年来,美国所积极推动的“跨太平洋战略经济伙伴关系协定”(TPP)力图助其进一步深入亚太地区,从而削弱中国在此区域日益增强的影响力。鉴于此,中国迫切需要一个能够主导其中的地区性经济组织来应对这场挑战,而东亚地区货币合作无疑是中国维护自身经济贸易安全、抵御国际风险的有力武器。但如今东亚货币合作仍然停留在初级层面上,在向更高层次合作的动力上略显不足,这其中的一个重要原因就是缺少内部货币锚的支撑。欧洲货币一体化进程中一个具有里程碑意义的做法就是把德国马克作为欧元区的货币锚,即把关键货币作为区域货币锚,这给于东亚货币合作以重要启示。这次全球金融危机之后,中国以雄厚的经济基础、开放的国际化程度以及稳定的币值逐渐使人民币成为东亚的核心货币之一,人民币已经具备成为东亚地区货币锚的潜力与实力。在此地区,相对于主要竞争对手日元,人民币具有更稳定的通货膨胀率与汇率波动水平,无论对内还是对外币值都是十分稳定的。另外,东亚货币中与人民币保持较高相关度的货币持续增多,人民币在东亚地区的声誉不断升高并且获得了相当多国家(地区)的认可。本文首先分析了人民币成为东亚地区货币锚所面临的背景及研究意义、研究方法,在综述了国内外文献后提出本文的研究思路和研究方法。区域货币锚理论成为研究东亚地区货币锚的指导性观点,在此基础上进一步探讨东亚建立区域货币锚的现实条件、制约因素,并通过借鉴欧元区的经验得出东亚如何建立地区货币锚的核心问题。中国飞速发展的经济水平、充足的外汇储备、不断深化的国际化程度等为人民币的货币锚地位创造了坚实的外部基础,而人民币本身又具有较强的稳定性,人民币已经具备成为东亚锚货币的可行性。因此,中国应该充分利用自身在贸易、产业等方面的优势推进人民币区域化进程,不断提高国内金融市场的发展深度,正确处理人民币区域化进程中面临的重要关系,为人民币的区域化货币锚进程铺平道路。
[Abstract]:In recent years, the Trans-Pacific Strategic Economic Partnership Agreement (TPP), actively promoted by the United States, has sought to help it reach further into the Asia-Pacific region, thereby weakening China's growing influence in the region. China urgently needs a regional economic organization that can take the lead to meet this challenge, and East Asian monetary cooperation is undoubtedly China's maintenance of its own economic and trade security. A powerful weapon against international risk. But today, monetary cooperation in East Asia is still at the primary level, and there is a slight lack of momentum to move to a higher level of cooperation. An important reason for this is the lack of support from internal currency anchors. A landmark approach in the European monetary integration process was to use the German mark as the currency anchor for the euro zone, that is, the key currency as the regional currency anchor. After the global financial crisis, China gradually became one of the core currencies of East Asia with a solid economic foundation, open internationalization and stable currency value. The RMB already has the potential and strength to become a currency anchor in East Asia. In this region, the RMB has a more stable inflation rate and exchange rate fluctuations than its main competitor, the Japanese yen. The value of both internal and external currencies is very stable. In addition, the number of East Asian currencies that maintain a high degree of correlation with the RMB continues to increase. The reputation of RMB in East Asia is rising and it has been recognized by quite a lot of countries (regions). This paper first analyzes the background and research significance of RMB as currency anchor in East Asia, and the research methods. After summarizing the literature at home and abroad, the paper puts forward the research ideas and methods of this paper. The theory of regional monetary anchor has become the guiding point of view for the study of monetary anchor in East Asia, and on this basis, the practical conditions for establishing regional monetary anchor in East Asia are further discussed. Constraints, and by drawing lessons from the experience of the euro zone, the core problem of how to establish a regional currency anchor in East Asia has been drawn. China's rapidly developing economic level, adequate foreign exchange reserves, The deepening degree of internationalization has created a solid external foundation for the currency Anchorage of the RMB, while the RMB itself has strong stability, and the RMB has already become the anchor currency of East Asia. China should make full use of its advantages in trade and industry to push forward the process of RMB regionalization, continuously improve the depth of development of domestic financial markets, and correctly handle the important relations faced in the process of RMB regionalization. Pave the way for the regionalization of the renminbi currency anchor process.
【学位授予单位】：天津财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.6

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