国际货币交易理论的再认识

Rethinking of the theory of international currency exchange

货币国际化是近年来学术研究比较多的一个领域,它涉及的内容非常多,包括货币国际化的模式选择、成本收益分析以及后来的关于货币国际度的确定等许多领域。但是,关于货币国际化的内在动因,也就是国际化产生的微观基础与运行机理,理论的研究并不太多,也不成体系。本文从国际货币的职能分析入手,通过对现有理论进行梳理,以及对市场主体的交易行为进行分析,试图构建货币国际化理论的微观基础,并探寻决定国际货币选择与竞争的内在动因。

The internationalization of currency recently is a pop research area.It has relations with a lot of contents;including the revenue-cost analysis,the choice of pattern of internationalization,and the measure of the degree of international currency and so on.But as for the inner impulse to the internationalization,i.e.the micro-foundation to the internationalization, there are not so many articles.This article begins from the analysis of the function of international currency;try to set up the micro-foundation of theory to the internationalization of currency and search the inner drive to the competition and choice of international currency by summarizing the recent papers and analyzing the action of exchange of participator in market.