论欧元在国际资本市场的地位和作用

On the Role of Euro in International Capital Markets

欧元是主要的国际储备货币 ,它将在国际资本市场发挥重要的作用。运用比较的方法 ,对欧元、美元、日元在国际资本市场上地位和作用进行了静态和动态的比较 ,以及用多元回归分析方法进行初步的分析 。

After the emergence of Euro,it plays the role of international currency.This essay examines the proportion of Euro money market instruments,notes and bonds in international capital markets,and confirms that Euro is a very important international currency.Its position is behind US dollar but goes beyond Japan yen by a big margin in international capital markets.However the gap between Euro and US dollar is obvious.This essay predicts the tendency of Euro by multiple regression and concludes that the gap between Euro and US dollar will be reduced and the two pole structure of currencies will emerge in international capital markets.