摘要
货币替代的交易成本可划分为由国家和政府组织承担的宏观交易成本和由私人部门承担的微观交易成本,宏观和微观交易成本都对货币替代进程产生作用。理性经济人选择微观交易成本更低的货币,是货币替代发生的微观基础;而人民币作为后发货币,即便微观交易成本高于成熟国际货币,通过承担宏观交易成本,谋求国际合作协调,共享货币国际化收益,仍可有效实现货币替代。建议利用创新技术提升人民币交易职能,推行与被货币替代国双赢的经济合作政策,提高宏观风险识别能力和风险管理能力。
The transaction costs of currency substitution can be divided into macro transaction costs borne by the state and government organizations and micro transaction costs borne by the private sector. Both macro and micro transaction costs have an effect on the process of currency substitution. A rational economy person chooses a currency with a lower micro transaction cost, which is the micro foundation for currency substitution;and the RMB as a late currency, even if the micro transaction cost is higher than the mature international currency, it seeks international cooperation and coordination by bearing the macro transaction cost and sharing the currency internationalization gains can still effectively achieve currency substitution. It is recommended to use innovative technologies to enhance the RMB trading function, implement a win-win economic cooperation policy with the currency-replaced country, and improve macro risk identification and risk management capabilities.
出处
《宏观经济研究》
CSSCI
北大核心
2020年第2期53-62,共10页
Macroeconomics
关键词
货币替代
交易成本
人民币国际化
Currency substitution
Transaction cost
RMB internationalization
