美國對外直接投資對美元國際化的影響研究
發(fā)布時間:2018-12-12 21:17
【摘要】:隨著我國經濟平穩(wěn)快速發(fā)展,我國的對外貿易得到了快速的發(fā)展,綜合實力在不斷增強,我國已經成為了世界第二大經濟體,但是人民幣還依然處于國際化的初始階段,人民幣的國際地位有待提高,目前我國政府不斷進行人民幣國際化的制度建設,希望提高人民幣國際化的進程。而目前作為最重要國際貨幣的美元,在二戰(zhàn)之后迅速成為了世界最強大的貨幣之后,依舊保持著國際貨幣的頭把交椅。 從美元國際化的過程中可以發(fā)現(xiàn),是美國的對外直接投資造就了美元的國際化,并且在“后國際化”階段鞏固了美元的地位;仡櫄v史可以發(fā)現(xiàn),兩次世界大戰(zhàn),美國向參戰(zhàn)國輸出了大量的軍火,從債務國變成了債權國,,然后向歐洲各國提供有條件的美元貸款,迫使歐洲開放市場,擴大出口,加大對外直接投資,使得美國在海外的資產不斷增加,同時促進了美國的商業(yè)銀行大舉進軍海外市場,形成歐洲美元市場,美元的影響力獲得空前的發(fā)展。 本文實證分析發(fā)現(xiàn),美國的對外直接投資每增長1%,會使得美元在外匯儲備占比提高0.14%,美元在外匯交易的占比中提高0.14%,美元在國際債券的交易占比中提高0.33%。因此可以看到,美國對外直接投資能夠顯著的影響到美元的國際化。為了提高人民幣的國際化,我國應該加大對外直接投資力度,提高人民幣區(qū)域化的投資力度,并且提高人民幣跨境貿易結算比重,然后穩(wěn)步推進人民幣匯率改革,保持人民幣幣值的穩(wěn)定,加快建立人民幣回流機制,使得人民幣真正成為國際貨幣。
[Abstract]:With the steady and rapid development of China's economy, China's foreign trade has been developing rapidly, and its comprehensive strength has been continuously strengthened. China has become the second largest economy in the world, but the RMB is still in the initial stage of internationalization. The international status of RMB needs to be improved. At present, the government of our country carries on the system construction of RMB internationalization, hoping to improve the process of RMB internationalization. The dollar, now the most important international currency, has quickly become the world's most powerful currency after World War II, and remains top of the international currency. From the process of dollar internationalization, it can be found that US foreign direct investment (OFDI) has brought about the internationalization of US dollar and consolidated its position in the stage of "post-internationalization". Looking back at history, we can see that during the two world wars, the United States exported large quantities of arms to the participating countries, from debtor countries to creditor countries, and then provided conditional US dollar loans to European countries, forcing Europe to open its markets and expand its exports, Increased foreign direct investment has increased U.S. assets overseas, while spurring U.S. commercial banks to expand into overseas markets, forming the European dollar market, and the dollar's influence has grown ever before. The empirical analysis shows that each increase of US foreign direct investment (OFDI) will increase the proportion of US dollars in foreign exchange reserves by 0.14%, and the proportion of US dollars in foreign exchange transactions by 0.14%. The dollar rose 0.33 cents as a share of international bond trading. Therefore, it can be seen that US OFDI can significantly affect the internationalization of the dollar. In order to enhance the internationalization of the RMB, China should increase the intensity of foreign direct investment, increase the investment intensity of RMB regionalization, and increase the proportion of RMB cross-border trade settlement, and then steadily advance the RMB exchange rate reform. Maintain the stability of the value of the RMB, speed up the establishment of RMB return mechanism, so that the RMB truly become an international currency.
【學位授予單位】:湖南大學
【學位級別】:碩士
【學位授予年份】:2012
【分類號】:F832.6;F827.12
本文編號:2375259
[Abstract]:With the steady and rapid development of China's economy, China's foreign trade has been developing rapidly, and its comprehensive strength has been continuously strengthened. China has become the second largest economy in the world, but the RMB is still in the initial stage of internationalization. The international status of RMB needs to be improved. At present, the government of our country carries on the system construction of RMB internationalization, hoping to improve the process of RMB internationalization. The dollar, now the most important international currency, has quickly become the world's most powerful currency after World War II, and remains top of the international currency. From the process of dollar internationalization, it can be found that US foreign direct investment (OFDI) has brought about the internationalization of US dollar and consolidated its position in the stage of "post-internationalization". Looking back at history, we can see that during the two world wars, the United States exported large quantities of arms to the participating countries, from debtor countries to creditor countries, and then provided conditional US dollar loans to European countries, forcing Europe to open its markets and expand its exports, Increased foreign direct investment has increased U.S. assets overseas, while spurring U.S. commercial banks to expand into overseas markets, forming the European dollar market, and the dollar's influence has grown ever before. The empirical analysis shows that each increase of US foreign direct investment (OFDI) will increase the proportion of US dollars in foreign exchange reserves by 0.14%, and the proportion of US dollars in foreign exchange transactions by 0.14%. The dollar rose 0.33 cents as a share of international bond trading. Therefore, it can be seen that US OFDI can significantly affect the internationalization of the dollar. In order to enhance the internationalization of the RMB, China should increase the intensity of foreign direct investment, increase the investment intensity of RMB regionalization, and increase the proportion of RMB cross-border trade settlement, and then steadily advance the RMB exchange rate reform. Maintain the stability of the value of the RMB, speed up the establishment of RMB return mechanism, so that the RMB truly become an international currency.
【學位授予單位】:湖南大學
【學位級別】:碩士
【學位授予年份】:2012
【分類號】:F832.6;F827.12
【參考文獻】
相關期刊論文 前10條
1 何慧剛;;人民幣國際化:模式選擇與路徑安排[J];財經科學;2007年02期
2 徐松;美日跨國公司對外直接投資比較[J];財貿研究;2003年05期
3 王華慶;;國際貨幣、國際貨幣體系和人民幣國際化[J];復旦學報(社會科學版);2010年01期
4 方琢;;貨幣國際化的影響因素探析[J];國際經濟合作;2006年04期
5 馬榮華;;人民幣國際化進程對我國經濟的影響[J];國際金融研究;2009年04期
6 楊勇,武曉韻;日中對外直接投資發(fā)展的比較研究[J];國際貿易問題;2000年05期
7 王岸欣;世界三大貨幣國際化程度之比較[J];國際經貿探索;2000年01期
8 魏昊;戴金平;靳曉婷;;貨幣國際化測度、決定因素與人民幣國際化對策[J];貴州社會科學;2010年09期
9 楊長勇;;人民幣國際化的現(xiàn)狀及相關問題分析[J];宏觀經濟管理;2010年06期
10 陳全功,程蹊;人民幣國際化的條件和前景[J];華中科技大學學報(社會科學版);2003年01期
相關博士學位論文 前1條
1 張青龍;人民幣國際化問題研究[D];復旦大學;2006年
本文編號:2375259
本文鏈接:http://www.sikaile.net/guanlilunwen/huobilw/2375259.html