摘要金融的国际化和自由化是目前世界金融体系重要的发展趋势,我国作为经济发展迅速的新兴经济体也必然要顺应时代的发展潮流。目前,央行推广人民币国际化的一大举措是授权人民币海外清算行发展人民币离岸业务。我们可以从货币国际化程度较高的发达国家的经验中得到一些启示,但由于每个国家都有特殊性,我们不能照搬国外的经验。故本文在概述发达国家的经验对我国的启示后,选取了2011年以来的数据对人民币在国际金融市场上份额的影响因素进行实证分析,分析发现跨境贸易人民币结算量和离岸人民币存款量对人民币在国际金融市场上的份额有显著的积极影响,而人民币计价的国际投资余额对人民币在国际金融市场上份额的影响不显著。这表明人民币离岸业务的发展路径应先以结算业务和存款业务为重,有了一定基础后再发展投资业务。据此,本文最后分析了发展中的风险,并给出了建议。27216
关键词 人民币海外清算行 人民币离岸业务 离岸人民币指数 跨境贸易人民币结算 毕业论文外文摘要
Title Path Analysis of Oversea RMB Clearing Bank and Offshore Business
Abstract
Financial internationalization and liberalization are important trends in the world's financial system. As one of the emerging economies with rapid economic development, China is bound to follow the development of the times. Currently, the central bank is working hard to promote the internationalization of RMB by authorizing oversea RMB clearing bank and developing offshore RMB businesses. We can draw inspirations from the experience of the developed countries with a higher degree of internationalization of currency. However because each country has its particularity, we cannot copy foreign experience directly. Therefore, after summarizing the experience of the developed countries, I select data from 2011 to now to conduct empirical analysis of the factors affecting the RMB share in the international financial market and find that cross-border RMB settlement and offshore RMB deposits have significant positive effect on the RMB share in the international financial market, while cross-border RMB securities, money market instruments, bonds and notes do not have significant effect on the scale of offshore RMB. It means the first step to develop offshore RMB businesses is to develop cross-border RMB settlement and offshore RMB deposits, which are the foundation before developing investment operations. According to these, this paper analyzes the risks during the process of development and gives some advice.
Keywords oversea RMB clearing bank RMB offshore business offshore RMB index cross-border RMB settlement
目 次
1 绪论 1
1.1 研究背景和研究意义 1
1.2 文献综述 1
1.3 研究方法与结构安排 3
1.4 研究特色与不足 5
2 相关概念 6