人民币作为国际计价货币的模式借鉴:美元模式与欧元模式的比较分析

发布时间：2018-06-11 12:01

本文选题：计价货币影响因素 + 大宗商品　；参考：《财经研究》2015年08期

【摘要】：文章对美元与欧元充当国际贸易计价货币的相关数据进行了比较分析,指出同一因素如贸易规模占比等对不同国家选择计价货币行为的影响是不同的。值得注意的是,美元作为国际计价货币的模式在于与大宗商品进行绑定,影响其他货币被用作国际计价货币,欧盟成员国对计价货币的选择也受到这种绑定的影响。而欧盟以欧元作为国际计价货币,其影响仅体现在联盟内,并不影响非欧盟国家对国际计价货币的选择。文章认为真正的国际货币是第三国之间使用的货币,依赖进出口贸易权重的货币使用只是货币国际化的初级阶段。文章对人民币国际化的启示在于,短期内可以通过贸易项与双边货币互换来推动人民币作为国际计价货币(欧元模式),但在长期应掌握大宗商品的计价权(美元模式)。
[Abstract]:This paper makes a comparative analysis of the relevant data of the dollar and the euro as the currency of international trade, and points out that the same factors, such as the proportion of the trade scale, have different effects on the behavior of different countries in choosing the currency. Notably, the dollar's model as an internationally-denominated currency is tied to commodities, affecting the use of other currencies as internationally denominated currencies, and the choice of currencies among European Union members is also affected by this binding. But the European Union uses the euro as the international currency, its influence is only reflected in the union, does not affect the non-EU countries to the international valuation currency choice. The paper holds that the real international currency is the currency used among the third countries, and the currency that depends on the weight of import and export trade is only the initial stage of currency internationalization. The implications for the internationalization of the renminbi are that it can be promoted in the short term by trading items and bilateral currency swaps as an internationally denominated currency (the euro model, but in the long run should have access to the pricing power of commodities (the dollar model).
【作者单位】：上海财经大学金融学院;
【基金】：上海市人民政府发展研究中心(2050)“未来三十年人民币国际化进程研究”项目上海社联“从计价货币角度看人民币国际化问题”项目上海财经大学研究生创新基金项目(CXJJ-2013-318)的资助
【分类号】：F832.6;F831.6

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