国际贸易中计价货币选择决定因素的实证分析  

An Empirical Analysis on the Determinants of the Invoicing Currency Choice in International Trade

作　　者：魏金明[1] 王军生[2] 张蕾[1] 

机构地区：[1]西安交通大学经济与金融学院,陕西西安710061 [2]西安财经学院研究生部,陕西西安710110

出　　处：《统计与信息论坛》2011年第10期90-96,共7页Journal of Statistics and Information

基　　金：国家社会科学基金项目<农民工进城的体制与政策研究--"半城市化"现象与地方政府行为>(10XJY0014)

摘　　要：基于20个国家的非平衡面板数据实证分析表明,经济实力、产品差异化程度、贸易市场份额、贸易地理方向、币值稳定性、国内金融市场深化程度等是决定一国货币能否在国际贸易中充当计价货币的主要因素。这些因素是一国经济实力、贸易实力和货币实力的集中体现,其中经济实力是基础,贸易实力是关键,货币实力是支撑。此外货币联盟也会提高区域统一货币在国际贸易中的计价地位。The principal function of international currencies is to act as invoicing currencies in international trade. The empirical research based on 20 countries＂ unbalanced panel data shows that economic strength, degree of product differentiation, the share of international trade, geographic direction of foreign Trade, currency stability, deepness of domestic financial market are all the determinants of whether a currency can act as invoicing currency in international trade. All these determinants are the embodiment of the economic strength, international trade strength and the currency strength of a certain country. Among all these decisive forces of the choice of invoicing currency in international trade, the economic strength is the foundation, the international trade strength is the crux of the matter and the currency strength is the support. Besides these, monetary union can enhance the invoicing status of the regional common currency in international trade.

关 键 词：国际贸易 计价货币 货币职能 非平衡面板数据 

分 类 号：F821.1[经济管理—财政学]