摘要
从国际经验看,一国货币的国际化往往同时伴随着该国对外直接投资的迅速发展。以日元国际化为分析对象,探讨日本企业跨国经营活动如何影响本国货币的国际化,结果表明:企业跨国经营活动与日元国际化呈显著的正相关关系。在泡沫经济崩溃以前,日本企业掀起对外直接投资的高潮,促进了日元的国际化进程。泡沫经济崩溃后,日本跨国公司经营活动的下滑,则导致了日元国际化进程的放缓甚至是停滞不前。这从企业跨国经营的视角为日元国际化的失败提供了一种全新的解释,对推进人民币的国际化进程也有借鉴意义。
The internationalization of one country＇ s currency is always accompanied by rapid development of its foreign direct investment. When analyzing the process of the internationalization of Japanese Yen, it should be noted that Japanese enterprises＇ transnational business activities have directly influenced Yen＇ s internationalization. Before the bursting of the bubble economy in Japan, the upsurge of transnational business of Japanese enterprises greatly promoted the Yen＇s internationalization. After that, the quick decline of Japanese transnational business activities led to a slow - down or even a standstill of the Yen＇ s internationalization process. That phenomenon offers a new explanation for the failure of Yen＇ s internationalization in the perspective of transnational business of enterprises, and can be seen as a special reference for the ongoing internationalization of Renminbi.
出处
《日本学刊》
CSSCI
北大核心
2014年第1期119-137,共19页
Japanese Studies
基金
教育部人文社科基地重大项目“金融危机后的跨国公司全球资源竞争”(编号:2009JJD630003)
