摘要
人民币国际化一直都是国际金融领域研究的热点话题。本文基于人民币国际化支付结算职能视角,采用2013年10月一2018年12月的经验数据就我国人民币与其他主要国际货币在不同区域的国际影响力进行了比较分析。研究认为,人民币在金砖国家、我国前十大贸易伙伴,以及"一带一路"沿线国家区域均存在显著的国际影响力("货币锚效应"),且在我国前十大贸易伙伴货币圈内的国际影响力已经能够与美元相媲美。但总体而言,这种"货币锚效应"的强度在金砖国家区域、"一带一路"沿线国家区域,乃至全球其他区域仍然不能与美元相提并论,甚至还无法达到与欧元相抗衡的地位。但人民币的这种"货币锚效应"相较于日元和英镑而言至少在研究样本区域内可以说已经实现了超越。这为我国人民币国际化改革再启程提供了思路。本文据此提出,以"巩固前十大贸易伙伴、深化金砖国家、拓展'一带一路'沿线国家、谋划其他区域"影响力的人民币国际化改革再启程"四步曲"。
The internationalization of the RMB has always been a hot topic in the field of international finance.This thesis analyze the international influence between China’s RMB and other major internationals currency in different regions with the empirical data from 2013.10-2018.06.Research found that the RMB has significant international influence in the BRIGS countries,China’s top ten trading partners,and countries along the Belt and Road Initiative("currency anchor effect").And the international influence in the currency circle of China’s top ten trading partners has been comparable to that of the US dollar,but overall,the intensity of this"money anchor effect"is in the BRIGS countries and the countries along the"Belt and Road"region.And even the rest of the world still can’t compare with the US dollar,and even can’t reach the status of countering the EUR.However,this"currency anchor effect"of the RMB can be said to have surpassed at least in the sample area of the study compared to the JPY and the GBP.This provides a way of thinking for the re-launch of China’s RMB internationalization reform.Based on this,this paper proposes the internationalization of RMB reform steps.
作者
潘锡泉
于洋
Pan Xiquan;Yu Yang
出处
《财经科学》
CSSCI
北大核心
2019年第12期1-13,共13页
Finance & Economics
基金
浙江省自然科学基金项目“汇率视角的中美货币政策溢出、协调及治理机制研究”(LY18G030007)
关键词
人民币国际化
金砖国家
一带一路
货币锚效应
RMB Internationalization
BRICS Countries
Belt Road
Currency Anchor Effect
