本文選題：貨幣國際化 + 離岸金融市場(chǎng)　； 參考：《湖南大學(xué)》2012年碩士論文

【摘要】：經(jīng)過了08年金融危機(jī)洗禮后，我國出于降低外匯結(jié)算風(fēng)險(xiǎn)、減少外匯結(jié)算成本的考慮，開始加緊人民幣國際化戰(zhàn)略部署。但是，國內(nèi)金融環(huán)境薄弱、資本項(xiàng)目尚未完全開放、缺乏人民幣境外流通市場(chǎng)等等因素造成人民幣境外流通不暢，很大程度上阻礙了人民幣國際化的進(jìn)程。借鑒離岸金融市場(chǎng)在美元、日元等國際貨幣的國際化道路上發(fā)揮重要促進(jìn)作用的歷史經(jīng)驗(yàn)，我國必須盡早引入離岸金融市場(chǎng)，提高人民幣境外的使用規(guī)模。本文將離岸金融市場(chǎng)對(duì)貨幣國際化的影響進(jìn)行深入研究，分別選取美元、日元能夠反映貨幣國際化各影響因素、貨幣國際化程度的指標(biāo)數(shù)據(jù)，建立回歸模型，根據(jù)實(shí)證檢驗(yàn)結(jié)果，驗(yàn)證離岸金融市場(chǎng)對(duì)貨幣國際化的影響。 本文的實(shí)證結(jié)果顯示：在各因素與貨幣國際化程度的相關(guān)性分析中，本國經(jīng)濟(jì)實(shí)力、幣值的穩(wěn)定、國內(nèi)金融市場(chǎng)發(fā)展、離岸金融市場(chǎng)發(fā)展4個(gè)因素與貨幣國際化相關(guān)關(guān)系顯著；同時(shí)，在建立影響因素與貨幣國際化之間的多元回歸模型和各因素的比較靜態(tài)分析后，表明離岸金融市場(chǎng)的發(fā)展能夠促進(jìn)貨幣國際化。 根據(jù)本文的離岸金融市場(chǎng)對(duì)貨幣國際化影響的機(jī)理分析和實(shí)證分析結(jié)果，針對(duì)離岸金融市場(chǎng)在貨幣國際化過程中的重要作用，為人民幣國際化進(jìn)程提供具體化、有針對(duì)性的相關(guān)建議，發(fā)揮離岸金融市場(chǎng)在提高貨幣在國際市場(chǎng)上的交易量、提高貨幣國際地位的先天優(yōu)勢(shì)，在人民幣跨境貿(mào)易結(jié)算試點(diǎn)推廣的同時(shí)，，加快離岸金融市場(chǎng)的建設(shè)，更好的促進(jìn)人民幣跨境貿(mào)易結(jié)算，推動(dòng)人民幣進(jìn)一步走向國際化。
[Abstract]:After the baptism of financial crisis in 2008, in order to reduce the risk of foreign exchange settlement and reduce the cost of foreign exchange settlement, China began to step up the internationalization of RMB strategic deployment. However, the domestic financial environment is weak, the capital account has not been fully opened, the lack of RMB circulation market and other factors cause the flow of RMB abroad is not smooth, which to a large extent hinders the process of RMB internationalization. Drawing lessons from the historical experience that offshore financial markets play an important role in promoting the internationalization of international currencies such as US dollar and Japanese yen, China must introduce offshore financial markets as soon as possible to increase the scale of RMB use abroad. In this paper, the influence of offshore financial market on currency internationalization is studied in depth, and a regression model is established by selecting US dollar and Japanese yen to reflect the influencing factors of currency internationalization and the index data of currency internationalization degree. According to the empirical test results, verify the impact of offshore financial market on currency internationalization. The empirical results show that: in the analysis of the correlation between each factor and the degree of currency internationalization, there are four factors related to the internationalization of currency: the domestic economic strength, the stability of currency, the development of domestic financial market and the development of offshore financial market; At the same time, after establishing the multivariate regression model between influencing factors and currency internationalization and comparing the static analysis of each factor, it shows that the development of offshore financial market can promote currency internationalization. According to the mechanism analysis and empirical analysis of the influence of offshore financial market on currency internationalization, this paper aims at the important role of offshore financial market in the process of currency internationalization, which provides a concrete way for the internationalization of RMB. Pertinent suggestions should be made to give full play to the inherent advantages of the offshore financial market in increasing the volume of currency trading in the international market and enhancing the international status of the currency, and at the same time as the RMB cross-border trade settlement is being pilot promoted, Accelerate the construction of offshore financial market, better promote RMB cross-border trade settlement, promote the further internationalization of RMB.
【學(xué)位授予單位】：湖南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.5;F832.6

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