“一带一路”倡议下数字人民币跨境应用的规则建构

The Rule Construction of Cross-border Application of e-CNY Under the Belt and Road Initiative

区域性的货币伙伴关系是数字人民币跨境应用规则建构的目的指向,应根据“一带一路”倡议下货币竞争的三种形态(与实物主权货币、其他央行数字货币和虚拟货币的竞争)和两种场域(“主要国际货币发行地”和“非主要国际货币发行地”)调整规则建构策略。但现有规则缺乏币值维稳、标准协调和安全保障规则,难以助力数字人民币在不同货币竞争形态中占优;也未根据不同竞争场域发展出差异化的规则设计,导致数字人民币对不同竞争场域的适应性较弱。建议采用类型化分析法,根据本土货币是否为主要国际货币、是否允许虚拟货币交易,将“一带一路”沿线国家和地区分为三类,依次分析各类国家和地区境内的货币竞争形态和场域,并提出与之相适应的规则建构建议。

The regional currency partnership is the purpose of the rule construction of cross-border application of e-CNY.Under the Belt and Road Initiative,the strategy of rule construction should be adjusted according to the three forms of currency competition(the competition with physical sovereign currencies,other central bank digital currencies and virtual currencies)and the two competition fields("countries/regions issuing major international currency"and"countries/regions issuing non-major international currency").However,the existing rules lack the rules for maintaining currency stability,coordinating standards and ensuring security,making it difficult to help e-CNY gain an advantage in different forms of currency competition;the lack of differentiated rules based on different competition fields leads to the weak adaptability of e-CNY to different competition fields.It is suggested to adopt the typological analysis method,divide the countries/regions along the Belt and Road into three categories according to whether the local currency is a major international currency and whether virtual currency transactions are allowed,analyze the forms and fields of currency competition within various countries/regions in turn,and put forward appropriate suggestions for rule construction.