【作者】 杜辉；

【导师】 刘力臻；

【作者基本信息】 东北师范大学 ， 世界经济， 2005， 硕士

【摘要】 随着我国综合国力的不断增强,人民币已悄然走出国门,“人民币国际化”也成为人们关注的焦点。为使人民币国际化顺利进行,本文选取了世界上几种主要的国际货币作为样本,通过分析这些货币国际化过程的特点及共性,寻求货币国际化过程中存在的规律和易出现的问题,从而为人民币国际化提供可借鉴的经验。 文章除引言和结论外,共分四部分进行论述:第一部分,以逻辑概念为切入点,界定货币国际化的含义,划分货币国际化的层次,衡量货币国际化的程度,从三个方面揭示货币国际化的内涵。 第二章,以世界货币史中的主要国际货币英镑、美元、德国马克、日元和欧元为样本,回顾其国际化历程,分析并得到它们各自的国际化特征。 第三章,通过分析以上样本货币在国际化进程中所具有的各种特征,寻找这些货币在国际化过程中的共性,并探索性地总结了货币国际化演变的规律,即强大的经济实力是货币国际化的基础;发达完善的金融市场是货币国际化运行的载体,为货币国际化提供制度支撑;在信用纸币制度和自由开放的国际经济环境中,货币竞争遵循“良币驱逐劣币”的“逆格雷欣法则”;“币值高估”在货币国际化进程中对货币的发展有着巨大的不利影响,是国际货币由盛到衰的转折点。 第四章,根据分析所得到的货币国际化一般规律,结合我国的国情和人民币国际化的现状及特征,为人民币国际化提出了可借鉴的宏观管理经验和应着力避免的问题,即提高我国的经济实力;健全完善我国的金融市场;避免货币国际化中的“币值高估”,确保人民币币值稳定。逐步推进人民币在资本项目下的自由兑换进程;积极参与国际协调和国际区域货币合作,从而避免“特里芬难题”的命运。 本篇论文的创新之处主要体现在:(一) 角度多维化:为探索货币国际化的规律,笔者选取了具有不同国际化路径、达到较高国际化水平的五种货币作为分析样本,其中既有美元、英镑、德国马克、日元等国别货币,又有区域合作货币欧元,从而使分析的样本源多样化;同时在探求货币国际化一般规律时,不仅寻求相关的正面经验,还注重寻找在货币国际化中易出现的问题,从而在正反两方面为人民币国际化提供可借鉴的经验;(二) 结论创新:在探求货币国际化一般规律过程中,笔者提出了与著名的“格雷欣法则”相反的逆命题,并对其内涵进行详细的界定和论证。“逆格雷欣法则”的提出将使人们重新审视在信用纸币制度下的货币竞争问题。更多还原

【Abstract】 With the gradual improvement of our overall national strength, RMB has gone abroad, and its internationalization has also been the focus. In order to make the process of the internationalization of RMB carried out smoothly, the paper selects some major international currencies in the world as samples to seek the law of nature and the problems that easily appear in the process of currency internationalization through analyzing their characteristics and commonalities, thus offer some experiences for the reference to RMB internationalization.There are four parts excluding the introduction and conclusion. In the first part, the writer begins with logical concepts, defines the connotation of the internationalization of currency, divides the levels of the internationalization of currency and measures the degree of the internationalization of currency, thus throw light on the meaning of the internationalization of currency in three aspects.In the second part, the writer, taking such major currencies in the history of world economy as Pound, Dollar, Deutsche Mark, Yen and Euro as samples, reviews their process of internationalization, analyzes and obtains their respective characteristics.In the third part, Through analyzing the characteristics in the process of internationalization of the sample currencies, the writer seeks the commonalities and finds the general law of currency internationalization: strong economic power is the basis of the internationalization of currency; developed and perfect financial market is the carrier of the internationalization of currency and it supplies the internationalization with policies; currency competition abides by the law of "Anti-Gresham’s Law", good money drives out bad, in the credit system of paper currency and the freely open international economic environment; overvaluation is an enormous disadvantage to the development of currency in the process of internationalization, and it is the adverse turning point of the international currency.In the fourth part, according to the general law in last part, the writer combines our national condition with current situation and characteristics of RMB internationalization, offers useful macro-management experiences and points out the problems that should be avoided for RMB internationalization: improving our economic power, sounding our financial market, avoiding the overvaluation in the internationalization to ensure the stability of the value of RMB, promoting the process of exchanging RMB freely in the capital item, taking part in international coordination and interregional currency cooperation positively in order to avoid "Triffin Dilemma".The innovations of the paper mainly embodies in the following two aspects: (1)multidimensional angle: in order to seek the general law of the internationalization of currency, the writer chooses five currencies which follow different route and reach higher level in their internationalization as samples, including both country currencies as Dollar, Pound, Deutsche Mark, Yen and regional currency as Euro which makes the sample origins diversified. When exploring the general law of currency internationalization, the writer seeks both the positive experiences and the problems in the process of internationalization, thus offers useful experiences from pros to cons; (2) innovation of the conclusion: in the process of seeking the law of currency internationalization, the writer put forward an inverse proposition to the famous "Gresham’s Law", then defines and demonstrates in detail. The proposition of "Anti-Gresham’s Law" makes people reexamine the competition of the currency in the credit system of paper currency.更多还原