【摘要】：本文首先從離岸金融市場(chǎng)的特征、運(yùn)行機(jī)理和功能這三個(gè)角度，對(duì)離岸金融市場(chǎng)的發(fā)展對(duì)貨幣國(guó)際化的影響進(jìn)行了理論分析。然后分別對(duì)美元、英鎊、歐元、日元國(guó)際化進(jìn)程進(jìn)行了梳理，借鑒主要國(guó)際貨幣離岸金融市場(chǎng)發(fā)展對(duì)貨幣國(guó)際化影響的經(jīng)驗(yàn)教訓(xùn)。最后選取相關(guān)指標(biāo)建立模型，對(duì)離岸金融市場(chǎng)的發(fā)展對(duì)貨幣國(guó)際化的影響進(jìn)行實(shí)證分析。根據(jù)理論、實(shí)例、實(shí)證分析結(jié)果，結(jié)合人民幣國(guó)際化進(jìn)程中遇到的阻礙，對(duì)推進(jìn)人民幣國(guó)際化進(jìn)程提出切實(shí)可行的建議。 通過(guò)美元、歐元、英鎊和日元國(guó)際化可以發(fā)現(xiàn)，每一種貨幣都是在一定的歷史契機(jī)下開啟貨幣國(guó)際化的道路。美元離岸金融市場(chǎng)的發(fā)展確保了美元國(guó)際貨幣地位的長(zhǎng)期穩(wěn)固；日元離岸金融市場(chǎng)發(fā)展之初，促進(jìn)了日元國(guó)際化的進(jìn)程，但后期離岸金融市場(chǎng)的純雙向交易阻礙了日元國(guó)際化進(jìn)程；英國(guó)對(duì)英鎊離岸市場(chǎng)發(fā)展的限制，是英鎊后期衰落的一個(gè)重要因素；馬克國(guó)際貨幣地位的延續(xù)是歐元成為國(guó)際貨幣地位的重要因素，馬克離岸市場(chǎng)的發(fā)展是歐元國(guó)際化的基石，如今歐元國(guó)際貨幣地位離不開離岸金融市場(chǎng)的發(fā)展。 實(shí)證分析結(jié)果顯示離岸金融市場(chǎng)的發(fā)展、經(jīng)濟(jì)實(shí)力的增強(qiáng)、對(duì)外開放的加大均可以顯著正向的推進(jìn)貨幣國(guó)際化進(jìn)程。國(guó)際金融危機(jī)為人民幣國(guó)際化提供了機(jī)遇，，目前我國(guó)已具備貨幣國(guó)際化的一些必要條件，但經(jīng)濟(jì)增長(zhǎng)下行壓力大、金融市場(chǎng)不夠完善、人民幣資本項(xiàng)目管制嚴(yán)格等成為人民幣國(guó)際化的阻礙。借鑒國(guó)際經(jīng)驗(yàn)，我國(guó)應(yīng)抓住契機(jī)，大力發(fā)展人民幣離岸金融市場(chǎng)，深化國(guó)內(nèi)各項(xiàng)改革確保經(jīng)濟(jì)平穩(wěn)增長(zhǎng)，放寬人民幣資本項(xiàng)目管制和完善我國(guó)金融市場(chǎng)來(lái)推進(jìn)人民幣國(guó)際化進(jìn)程，使人民幣成為主要國(guó)際貨幣。
[Abstract]:In this paper, the influence of the development of offshore financial market on the currency internationalization is analyzed theoretically from the three angles of the characteristics, operation mechanism and function of the offshore financial market. Then it combs the internationalization process of dollar, pound, euro and yen, and draws lessons from the influence of the development of offshore financial market on currency internationalization. At last, we choose the relevant indexes to establish the model, and analyze the influence of the offshore financial market development on the currency internationalization. According to the theory, examples, empirical analysis results, combined with the obstacles encountered in the process of RMB internationalization, practical suggestions are put forward to promote the process of RMB internationalization. Through the internationalization of the dollar, euro, sterling and yen, it can be found that each currency is opening the way of currency internationalization at a certain historical opportunity. The development of US dollar offshore financial market ensures the long-term stability of US dollar's international currency status. At the beginning of the development of Japanese yen offshore financial market, it promoted the process of yen internationalization, but in the latter stage, the pure two-way transaction of offshore financial market hindered the process of yen internationalization. British restrictions on the development of the offshore market of sterling are an important factor in the decline of the pound; The continuation of Mark's international monetary status is an important factor for the euro to become the international monetary status. The development of the Mark's offshore market is the cornerstone of the euro's internationalization. Nowadays, the euro's international monetary status is inseparable from the development of the offshore financial market. The empirical results show that the development of offshore financial market, the enhancement of economic strength and the increase of opening to the outside world can significantly promote the process of currency internationalization. The international financial crisis has provided an opportunity for the internationalization of the RMB. At present, China already has some necessary conditions for the internationalization of the currency, but the downward pressure on economic growth is great, and the financial market is not perfect enough. Strict control of RMB capital account has become a hindrance to the internationalization of RMB. Drawing lessons from international experience, China should seize the opportunity to vigorously develop the offshore financial market of RMB, deepen various domestic reforms to ensure steady economic growth. Relax the control of RMB capital account and perfect our financial market to promote the internationalization of RMB and make RMB become the main international currency.
【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】：2014
【分類號(hào)】：F832.6

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 何慧剛;;人民幣國(guó)際化:模式選擇與路徑安排[J];財(cái)經(jīng)科學(xué);2007年02期

2 陳衛(wèi)東;李建軍;;日元國(guó)際化過(guò)程中值得關(guān)注的若干問(wèn)題——兼論一國(guó)貨幣國(guó)際化的基本條件與模式[J];國(guó)際金融研究;2010年06期

3 殷劍峰;;人民幣國(guó)際化:“貿(mào)易結(jié)算+離岸市場(chǎng)”,還是“資本輸出+跨國(guó)企業(yè)”?——以日元國(guó)際化的教訓(xùn)為例[J];國(guó)際經(jīng)濟(jì)評(píng)論;2011年04期

4 趙具安;;貨幣國(guó)際化的收益、成本與人民幣國(guó)際化分析[J];山西經(jīng)濟(jì)管理干部學(xué)院學(xué)報(bào);2006年02期

5 關(guān)偉;袁佳麗;羅瀛;;人民幣國(guó)際化進(jìn)程中的金融市場(chǎng)條件分析[J];廣西大學(xué)學(xué)報(bào)(哲學(xué)社會(huì)科學(xué)版);2011年05期

6 焦克;俞紅玫;;建立離岸金融中心推動(dòng)人民幣國(guó)際化進(jìn)程[J];大連海事大學(xué)學(xué)報(bào)(社會(huì)科學(xué)版);2012年04期

7 魯國(guó)強(qiáng);;我國(guó)發(fā)展離岸金融市場(chǎng)的戰(zhàn)略意義、模式選擇和對(duì)策建議[J];海南金融;2007年12期

8 戴鴻廣;;進(jìn)一步推進(jìn)人民幣國(guó)際化的思考[J];海南金融;2010年10期

9 徐明棋;;從日?qǐng)A國(guó)際化的經(jīng)驗(yàn)教訓(xùn)看人民幣國(guó)際化與區(qū)域化[J];世界經(jīng)濟(jì)研究;2005年12期

10 曹勇;國(guó)際鑄幣銳的分配、計(jì)算與啟示[J];華南金融研究;2002年05期

本文編號(hào)：2397196