中日美市场提供者地位对东亚货币汇率稳定性的影响

发布时间：2018-03-23 22:07

本文选题：市场提供者　切入点：汇率稳定性　出处：《现代日本经济》2017年05期

【摘要】：中国、日本、美国的市场提供者地位对东亚货币汇率稳定性存在不同的影响。美国的东亚市场提供者地位对东亚经济体货币兑美元汇率稳定性有着显著的正向影响;中国的东亚市场提供者地位对东亚经济体货币兑人民币汇率稳定性有着显著的负向影响;日本的东亚市场提供者地位与东亚经济体货币兑日元汇率稳定性没有显著相关的关系。中国作为东亚市场提供者地位的提升对东亚经济体货币兑人民币汇率稳定性的促进作用还没有发挥出来。而日本也很难通过东亚市场提供者地位的途径来增强东亚经济体货币兑日元的汇率稳定性。鉴于中国在东亚最终消费品市场提供方面与美国差距甚远,以及美国作为东亚市场提供者地位基本处于平稳态势,可以判断美元仍将在东亚经济体的货币汇率稳定性方面继续发挥着"货币锚"作用,中国应该积极提升在东亚最终消费品市场上的提供者地位。
[Abstract]:The market provider status of China, Japan and the United States has different influences on the exchange rate stability of East Asian currencies. China's status as a provider of East Asian markets has a significant negative impact on the stability of East Asian currencies against the RMB exchange rate. There is no significant correlation between Japan's status as a provider of East Asian markets and the exchange rate stability of the currencies of East Asian economies against the yen. China's upgrading as a provider of East Asian Markets has stabilized the exchange rate of East Asian economies against the renminbi. It is difficult for Japan to increase the exchange rate stability of the currencies of East Asian economies against the yen through its role as a provider of East Asian markets, given the fact that China provides the final consumer goods market in East Asia. Far from the United States, As well as the fact that the United States is basically in a stable position as a provider of East Asian markets, it can be judged that the US dollar will continue to play a "currency anchor" role in the currency exchange rate stability of East Asian economies. China should actively upgrade its position as a provider in the final consumer goods market in East Asia.
【作者单位】：吉林大学经济学院;
【基金】：国家社科基金青年项目“‘一带一路’背景下离岸人民币海外循环机制研究”(17CJY063)
【分类号】：F831.6

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