论差别地位货币体系的潜在弊端——再议超主权货币体系的必要性  

Discussion on Potential Defect of Global Currency System with Differential Currency Position:Necessity of Super-Sovereignty Currency System

作　　者：马光明[1] 赵峰[2] 

机构地区：[1]北京师范大学经济与工商管理学院,100875 [2]北京师范大学公司治理与企业发展研究中心

出　　处：《国际贸易问题》2010年第7期104-112,共9页Journal of International Trade

基　　金：教育部人文社会科学基金项目"次贷危机与公司治理--美国次贷危机对中国公司治理的启示"(批准号09YJA630010)的资助

摘　　要：当前牙买加国际货币体系仍然存在核心储备货币和非储备货币的地位差别。本文给出的理论模型说明,这种差别地位货币体系除了存在特里芬难题以及储备货币汇率波动的收入效应两大公认弊端之外,还会导致非储备货币国家货币对储备货币承受相对更大的汇率波动幅度或波动压力。这对那些贸易、投资地位不断上升的发展中国家尤其不利。使有条件的发展中国家的非储备货币成为国际储备货币,或结合成为经济一体化组织可以缓解其不平等现状,而建立无地位差别的国际货币体系例如采用超主权货币,则是该弊端的根本解决方法。The current Jamaica global currency system still holds the difference between the position of the reserve currency and non-reserve currency. This paper shows that this differential curren- cy system will lead the developing countries to suffer a comparatively large foreign exchange rate fluctuation range or pressure except for the ＂Triffen Problem＂ and the income effect from the exchange rate change of reserve currency. This defect is quite unfavorable for developing countries with a fast increase in the world trade and investment position. Making the qualified developing countries＇ currency become the reserve currency or make developing countries become an integrative economy can ameliorate the unfair situation, system, for instance, applying the super-sovereignty and publishing a non-differential global currency currency, is the fundamental solution.

关 键 词：国际货币体系 发展中国家 超主权货币 

分 类 号：F821.6[经济管理—财政学]