东亚区域汇率协调机制的构建——基于不同汇率制度下名义有效汇率稳定性的比较

发布时间：2018-06-29 06:14

本文选题：货币合作 + 锚货币　；参考：《经济经纬》2012年05期

【摘要】：笔者通过情景实验模拟出东亚各国货币在钉住美元、钉住G3货币、钉住AMU、钉住G3+1等不同汇率制度下的贸易加权名义有效汇率,在考察其稳定性的基础上对东亚区域汇率协调机制进行构建。东亚各国(除中国、日本外)在各自货币篮子区域内核心货币的选择中,可以考虑将人民币作为锚货币之一,而且人民币的权重逐渐递增;待条件成熟后,区域内经济、贸易、投资联系较为紧密的次区域可以考虑采用钉住共同货币篮子汇率制度,条件完备时在全区域内推行共同货币篮子制度。在汇率协调的不同阶段,人民币都将发挥重要作用。
[Abstract]:The author simulates the trade-weighted nominal effective exchange rate of East Asian countries under different exchange rate regimes, such as dollar peg, G3 currency peg, AMU peg, G31 exchange rate pegging, etc. On the basis of investigating its stability, the paper constructs the regional exchange rate coordination mechanism in East Asia. The East Asian countries (except China and Japan) may consider using RMB as one of the anchor currencies in their choice of core currencies in their respective currency basket regions, and the weight of the renminbi will gradually increase; after the conditions are ripe, the regional economy and trade can be considered. The sub-regions with close investment ties may consider the use of the common currency basket exchange rate system and the implementation of the common currency basket system in the whole region when the conditions are complete. In the different stages of exchange rate coordination, the RMB will play an important role.
【作者单位】：新疆财经大学金融学院;武汉大学经济与管理学院博士后流动站;中国华融资产管理公司博士后工作站;
【基金】：中央财经大学金融学院211三期项目
【分类号】：F832.6

【参考文献】