摘要
对主权货币充当国际本位货币的历史脉络进行梳理,无论是贵金属时代还是信用货币时代,主权货币成为国际本位货币都会面临“特里芬两难”的矛盾,这种内生制度矛盾是由主权货币的本币属性与充当国际本位币的公共属性不一致所导致的。马克思主义货币理论的分析表明价值和使用价值的统一决定了货币源自商品,而缺乏价值的信用货币国际化必须建立在本国较强的政治影响力和经济实力基础之上,通过国家信用的“背书”才能在世界市场行使货币职能,这也是信用货币充当国际本位币在机制设计上所固有的内在缺陷。因此,人民币国际化的目标应立足在国际市场上的计价、支付和结算功能,淡化人民币成为国际储备货币的功能,并结合我国“一带一路”倡议的实施以及我国所处的国际国内经济金融形势,实施切实可行的人民币国际化战略路径。
This paper combs the historical context of sovereign currency as the international standard currency.Whether it is the precious metal era or the credit currency era,sovereign currency will face the contradiction of“Triffin Dilemma”when it becomes the international standard currency.This endogenous institutional contradiction is caused by the inconsistency between the local currency attribute of sovereign currency and the public attribute of international standard currency.The analysis of Marxist monetary theory shows that the unity of value and use value determines that money comes from commodities,and credit currency internationalization lacking value must be based on its strong political influence and economic strength.Only through the“endorsement”of national credit can we perform the monetary function in the world market,which is also the inherent defect in the mechanism design of credit currency acting as the international standard currency.Therefore,the goal of RMB internationalization should be based on the pricing,payment and settlement functions of the international market,and weaken the function of RMB as an international reserve currency.Based on the implementation of the“Belt and Road”strategy and the international and domestic economic and financial situation in China,we will implement a feasible strategy for RMB internationalization.
作者
田涛
刘侣萍
许泱
TIAN Tao;LIU Lv-ping;XU Yang(School of Economics and Management, Hubei University of Science and Technology,Xianning 437100, China;College of Marxism, Hubei University of Science and Technology,Xianning 437100,China)
出处
《商业研究》
CSSCI
北大核心
2021年第1期59-65,共7页
Commercial Research
基金
教育部人文社会科学研究青年基金项目,项目编号:17YJC630191
湖北科技学院国家级科研培育项目,项目编号:2020-22GP09
湖北省教育厅人文社会科学研究项目,项目编号:18Q165
湖北省教育科学规划重点课题,项目编号:2020GA059。
关键词
“一带一路”倡议
人民币国际化
特里芬两难
主权信用货币
国际货币体系
“Belt and Road”strategy
RMB internationalization
Triffin Dilemma
Sovereign credit currency
international monetary system