大宗商品的美元计价与美元地位：经验实证分析

发布时间：2018-01-22 05:25

本文关键词： 大宗商品美元货币体系国际储备　出处：《上海交通大学》2014年硕士论文　论文类型：学位论文

【摘要】：从2008年波及全球的国际金融危机开始，现行国际货币体系中美元单一主导货币的地位和美国经济在全球占比衰退的固有矛盾就逐渐显现出来，国际货币体系改革开始被很多人正视。本文将就美元成为国际货币的发展历程进行梳理，尤其是对布雷顿森林体系崩溃后的美元国际地位影响因素进行实证研究，以考察美元在与黄金脱钩以后，，纯粹信用支撑的本位制得到巩固和加强的原因。本文的研究视角着眼于大宗商品尤其是石油以美元计价和交易这一因素和美元国际地位的巩固和提高的关系进行经验实证分析。本文先从理论上给出了大宗商品美元定价到美元国际地位提升的传导机制，又经过数据搜集，利用时间序列动态模型回归了影响美元地位的若干因素，从中看出，货币的使用惯性和大宗商品美元计价对美元的国际地位都有重要影响。虽然讨论美元国际地位影响因素的研究有很多，但是本文的创新在于将大宗商品美元计价这个经验性要素通过数据加以验证和支撑，具有非常现实的指导意义，它完善了美元纯信用本位制得到巩固和加强的理论解释。本文的研究亦可以为人民币国际化提供研究重点和路径参考。
[Abstract]:Since the international financial crisis which spread to the whole world in 2008, the inherent contradiction between the position of the dollar as the dominant currency in the current international monetary system and the American economy's share in the global recession has gradually emerged. The reform of the international monetary system has been faced by many people. This paper will comb the development of the dollar as an international currency. In particular, the impact of the Bretton Woods system on the international status of the United States dollar after the impact of empirical research, in order to investigate the dollar after the decoupling from gold. This paper focuses on the relationship between the dollar pricing and trading of commodities, especially oil, and the consolidation and improvement of the international position of the dollar. Empirical empirical analysis. Firstly, this paper gives the transmission mechanism between the dollar pricing of commodities and the promotion of the international status of the dollar. Through the data collection, the time series dynamic model is used to regress some factors that affect the status of US dollar, from which we can see. Currency usage inertia and commodity dollar pricing have important implications for the dollar's international standing. Although there are many studies on the factors influencing the international status of the dollar, the innovation of this paper is to verify and support the empirical factor of dollar pricing of commodities through data. It improves the theoretical explanation that the pure credit standard of US dollar has been consolidated and strengthened. The research in this paper can also provide the research focus and path reference for the internationalization of RMB.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F831.5

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