货币替代与贸易净值扰动性分析

Analysis of Currency Substitution and Trade Net Perturbation

货币替代对我国贸易水平是一种扰动性因素,其在不同的滞后期对贸易净值有不同的效应。货币替代的存在使贸易净值水平波动加大。要从货币替代的根源着手,从非贸易外汇来源分析,采取加强资本账户管理,控制通货膨胀率及使人民币国际化等措施来预防货币替代。

Currency substitution is a disturbance factor on the level of China＇s foreign trade, and has different effects on net of trade in its different lag phases. The existence of currency substitution increases the fluctuations of the net of trade level. We should start from the root causes of currency substitution , analyze from the non - trade sources of foreign exchange, and take steps, such as strengthening the capital account management, controlling inflation and making the RMB internationalization, to prevent currency substitution.