摘要
近年来,随着内地与香港地区经贸关系的发展、香港银行个人人民币业务的开办以及人民币升值预期的增强,香港地区已经出现了越来越严重的人民币替代港元的人民币化现象。为了更加有利于两地经济的长远发展,从理论与实践的角度来看,在两地构建人民币最优货币区即实现人民币港元一体化应是一种良好的选择。本文突破传统最优货币区理论,从货币替代的角度建立了一个理论模型,就此分析了构建最优货币区的可行性以及共同货币的选择,并结合人民币流通网络的现实基础进一步分析了人民币最优货币区构建的可行性。
In recent years, with the tightened trade relations between Hong Kong and the mainland, the operation of personal Renminhi business in Hong Kong, and the enhancement of Renminbi appreciation expectation, the phenomenon of RMB-ization that Renminbi substitutes for Hong Kong Dollar is increasingly remarkable. In order to better contribute to the long-run economic development between the mainland and Hong Kong, it is a good choice to construct an optimum currency area, namely realize the integration of Renminhi and Hong Kong Dollar from the perspective of theory and practice. This paper breaks through the traditional theory of OCA, and sets up a theoretical model based on currency substitution to analyze the feasibility of constructing an OCA and the choice of common currency. Further discussions are conducted on the feasibility of constructing an OCA of RMB based on the circulation network of RMB.
出处
《国际金融研究》
CSSCI
北大核心
2010年第9期29-37,共9页
Studies of International Finance
关键词
人民币化
货币替代
最优货币区
RMB-ization
Currency Substitution
Optimum Currency Area （OCA）
