东亚货币合作中的中日货币竞争力比较

The Comparison of Monetary Competitive Power between China and Japan in the East Asian Monetary Cooperation

东亚货币合作需要一种稳定的货币充当“名义锚”,中国与日本作为区域内最大的两个经济实体,人民币与日元在东亚货币合作中必然存在货币竞争关系。目前,从经济实力、交易网络规模、与东亚区域内成员间贸易联系、国内金融体系发达程度、币值稳定程度及信誉、组织参与东亚货币合作的具体行动等六个方面进行比较,人民币与日元在东亚货币合作中的货币竞争各有优劣。

The East Asian monetary cooperation needs a kind of steady money to be ＂nominal anchor＂. Since China and Japan are the two biggest economic entities, RMB and Yen will compete with each other in the East Asian monetary cooperation inevitably. The monetary competitive power between RMB and Yen in the East Asian monetary cooperation have their own advantages and disadvantages compared from six facets, that is, the economic importance, the circulation horizons, the trade relationship among China, Japan and other East Asian countries, the domestic financial condition, the stability and prestige of currency, the activity to organize and participate in the monetary cooperation.