从马克思国际货币职能看主权货币充当世界货币的弊端  

Research on the Disadvantages of Sovereign Currency as World Currency from the View of Marx's International Monetary Function

作　　者：孙业霞 Sun Ye-xia

机构地区：[1]东北师范大学马克思主义学部

出　　处：《经济学家》2019年第3期94-101,共8页Economist

基　　金：国家社会科学基金青年项目"马克思汇率理论和我国金融安全问题研究"(14CJL002)

摘　　要：从马克思国际货币职能来看,主权货币发挥世界货币职能具有天生的缺陷。首先,单一的世界货币格局是一种不公平的结构,充当世界货币的主权货币发行国能够获得巨额的国际铸币税和国际通货膨胀税收益。第二,单一的世界货币格局是一种不稳定的结构,国际货币支付手段职能的前提是货币发行国强大的信用保证,但是特里芬难题使主权货币发行国面临着两难选择。第三,货币价值尺度的二重性决定了国际市场上只能有一种货币执行世界货币的职能,多极世界货币格局会导致货币发行国之间的摩擦。认识到主权货币充当世界货币的弊端对正确看待数字货币eSDR和人民币国际化具有重要的参考价值和启示意义。From the perspective of Marx’s international monetary function, sovereign currency has a natural defect in playing the function of world currency. First of all, a single world currency pattern is an unfair structure. The issuer of the sovereign currency which acts as the world currency can obtain huge international coinage tax and international inflation tax revenue. Second, the single world currency pattern is an unstable structure. The premise of the function of international money payment is the strong credit of the currency issuer, but the Triffin problem makes the sovereign currency issuer face a dilemma. Third, the duality of the monetary value scale determines that only one currency can perform the function of the world currency in the international market. The multi-polar world currency pattern will lead to friction between the currency issuers. Recognizing the drawbacks of sovereign currency acting as a world currency has important reference value and enlightenment for correctly considering digital currency eSDR and RMB internationalization.

关 键 词：超主权货币 价值尺度二重性 国际支付手段 eSDR 

分 类 号：F014.9[经济管理—政治经济学]