人民币国际化的战略支撑体系与非均衡问题研究  

A study on strategic supporting system of RMB internationalization and non-equilibrium problem

作　　者：刘昊虹[1] 李石凯[1] 

机构地区：[1]广东金融学院国际金融研究中心华南创新金融研究院,广东广州510521

出　　处：《经济学家》2016年第3期66-74,共9页Economist

基　　金：教育部人文社会科学研究青年基金项目"美国QE4冲击;流动性陷阱;流动性外溢以及对中国经济的影响研究"(13YJC790069);创新强校项目"产业金融互动跟踪研究平台"(E205010015005007);广东哲学社科共建项目"从跨期消费的角度探讨人民币汇率的决定机制和政策选择"(GD14XYJ26)

摘　　要：人民币国际化战略是通过细分战略使人民币成为贸易结算货币、国际投资货币、国际储备货币、离岸信贷货币、外汇交易货币、离岸债券货币的顶层设计。研究显示,人民币国际化战略已经取得显著成就,但是由于构成人民币国际化战略支撑体系的人民币国际化细分战略对不同区域和不同形态人民币国际化进程作用深度和广度存在差异,加之中国主流银行当前的国际化战略不能适应人民币国际化水平持续提升的现实,人民币国际化发展出现了显著的非均衡。我们建议应该强化人民币离岸金融中心建设战略和引导商业银行国际化战略转型,使人民币国际化由非均衡走向均衡。我们相信,随着人民币国际化战略的不断深入,人民币国际化进程还会持续加速,未来人民币将成为最重要的主流货币之一。Through differentiation strategy, RMB internationalization strategy means a top design to make RMB become trade settlement currency, international investment currency, international reserve currency, offshore credit money, trading cur- rency for foreign exchanges and offshore debt currency. The researches show that RMB internationalization strategy has achieved obvious success. However, the development of RMB internationalization has got obvious non-equilibrium because there＇ s differ- ence in the depth and width of RMB internationalization in different regions and forms, and the present internationalization strate- gy of the mainstream banks in China has not adapted to the consistent improvement of the level of RMB internationalization. We suggest that it is necessary to stress the strategy of the construction of RMB offshore financial center, guide commercial banks in- to strategic transition of internationalization, and change the non-equilibrium of RMB internationalization into equilibrium. We believe that with the deepening of RMB internationalization strategy, its process will be consistently speeded up, and that RMB will become one of the most important mainstream currency in the future.

关 键 词：人民币国际化战略 跨境贸易人民币结算 跨境人民币直接投资 政府双边本币互换协议 人民币离岸金融中心 

分 类 号：F831[经济管理—金融学]