人民币国际化程度估计:新货币国际度指标
he Estimate of the Extent of RMB's Internationalization: New International Extent of Currency Indicator
近年来,随着双边货币互换协议的签订,香港人民币债券市场的形成,人民币国际化的进程开始加速。货币国际度指标是根据一国货币境外流通范围、数量和该货币占国际官方货币储备比重指数构建的综合指标,用来衡量一国货币国际化程度。在该指标的基础上,本文通过增加衡量本币在国际投资中使用比重的指数,构建出一种新的货币国际度指标。2007年至2009年,人民币的新国际度指标的估计值分别为0.284、0.342和0.354,远低于美元、欧元、日元的国际度指数,但从时间角度来看,人民币的国际化程度却呈逐年递增的趋势。
Recently, with the subscription of bilateral currency-swap agreement and the formation of RMB bond market in Hong Kong, the development of RMB's Internationalization starts speed up. The international extent of currency indicator is an aggregative indicator, which is constructed to measure the international extent of a country's currency, weighting by the sphere of circulation, the number of circulation and the ratio of international monetary reserve. Based on the indicator, this paper constructs a new international extent of currency indicator by adding an index weighing the ratio in international investment. From 2007 to 2009, the value of the new international extent of RMB indicator is 0.284, 0.342 and 0.354 by estimate, respectively. Though the value is far from that of dollar, Euro and Yen, the extent of RMB's internationalization is increasing from year to year.
王莉、袁晓娜
财政、金融
人民币国际化境外需求货币国际度
RMB's internationalizationaboard needsinternational extent of a currency
王莉,袁晓娜.人民币国际化程度估计:新货币国际度指标[EB/OL].(2010-11-24)[2025-08-18].http://www.paper.edu.cn/releasepaper/content/201011-562.点此复制
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