世界主要货币国际化进程:比较与借鉴

Internationalization Process of Worldwide Primary Currencies:Comparison and Reference

本文对人民币国际化从理论依据上进行了描述,对德国、日本货币国际化时的主要指标与当前中国进行了定性对比和计量分析,得出了人民币国际化的条件已经基本成熟的结论。同时本文认为人民币国际化可借鉴德国、日本经验,而美国经验不可取,也很难实现;人民币目前仅仅实现了周边化,实现国际化是一个长期的复杂的过程;一国货币国际化必须具备币值对内对外稳定、汇率制度完善、综合国力强大、进出口额占世界比重较大等关键条件。

In this paper,RMB internationalization is described based on the theoretical foundation,and we give a qualitative comparison and a measurement analysis on some key indicators of Germany and Japan in their currencies internationalized periods and those of China at present.We find that the conditions of RMB internationalization are ripe,and also we can absorb some experiences from Germany and Japan instead of America,as the internationalization of U.S.dollars is inadvisable and difficult to realize.At present,RMB gets only a foot in the door,and it is a long and complex process for RMB to realize internationalization.Some key conditions must be held to an international currency i.e.internal and external currency stability,complete exchange rate system,powerful comprehensive national strength,and larger import and export proportions in the world.