古典金本位体系及其现代启示被引量：1

The Classical Gold Standard System and Its Modern Implication

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摘要在深入分析古典金本位体系的货币制度安排和运行调整机制之后,本文发现古典金本位体系的稳定性和效率性源于该体系中"主导货币"、"最后贷款人"和"固定汇率体系"三者兼具。根据这一逻辑和标准来审视历史和当前的国际货币体系后,本文提出国际货币体系稳定和效率的"三元稳定"假说,即三元缺一不可。在此基础上,结合当前国际货币体系中客观存在的"等级制度"现状和"公共品供给"困境,本文认为应从"三元稳定"的角度思考国际货币体系治理,构建基于共同代理理论的"委托代理"框架下的多边治理机制,并建立"美元离岸市场"这一间接治理机制,从而稳定货币和汇率并提高商品和要素的流动性。 After a comprehensive analysis on the monetary regime arrangement of Classical Gold Standard system and its operation and adjustment mechanism,this paper found that the stability and efficiency of Classical Gold Standard system is that there are ' Key Currency', ' Lender of Last Resort' and ' Fixed Exchange Rate System' in this system. Considered the international monetary system in history under this criterion,it proposed the ' Stable Trinity' hypothesis. Based on this,and combined with the ' hierarchy' and dilemma of ' public goods supply' in IMS,it argued that China should understand international monetary system governance from this perspective,form a multilateral governance mechanism based on ' Principal-Agent' framework and construct 'dollar offshore market' as an indirect governance mechanism. Also,China should stabilize money and exchange rate,promote international commodity and factor mobility.

作者孙国伟孙立坚

机构地区上海海洋大学经济管理学院复旦大学经济学院

出处《世界经济研究》 CSSCI 北大核心 2014年第2期16-22,87,共7页 World Economy Studies

基金国家社会科学基金重大项目<重构国际金融治理体系--亚洲的视角和中国的选择>(项目编号:11&ZD018)的研究资助

关键词古典金本位三元稳定国际货币体系

分类号 F821 [经济管理—财政学]

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