人民币国际化:现行国际货币体系的“次优”选择

RMB Internationalization: “Subdominant Option” of the Current International Monetary System

通过对人民币国际化不同阶段下的国际铸币税收益和特里芬两难问题以及人民币国际化下的国际收支格局选择困境进行分析,认为人民币国际化只是现实体系下的"次优"选择,而且人民币国际化必须依托国际货币体系改革和国际经济金融组织及相关合作机制的建立等途径,并且最终还是要积极推进重构国际货币体系。

By analyzing the international seigniorage revenue and Triffin Dilemma at different stages of RMB internationalization, and selection dilemma in the international balance of payments structure in the context of RMB internationalization, this article considers that RMB internationalization is a ＂subdominant option＂ in this realistic system, and RMB internationalization should depend on paths such as the reform of the international monetary system and the establishment of international financial organizations and related cooperation mechanism, and ultimately, should actively promote the reconstruction of international monetary system.