国际货币权力论下的数字人民币和人民币国际化——基于可行性和现实性的考察

江西财经大学学报 ›› 2023, Vol. 0 ›› Issue (2): 126-137.

国际货币权力论下的数字人民币和人民币国际化——基于可行性和现实性的考察

沈伟, 赵尔雅

上海交通大学凯原法学院,上海 200030

收稿日期:2022-08-03 修回日期:2022-12-23 出版日期:2023-03-25 发布日期:2023-04-04
通讯作者: 沈伟,上海交通大学教授,博士生导师,主要从事国际经济法、金融法研究,联系方式shenwei@sjtu.edu.cn。
作者简介:赵尔雅,上海交通大学研究助理,主要从事国际经济法研究。
基金资助:
国家社会科学基金重大项目“美国全球单边经济制裁中涉华制裁案例分析与对策”（21&ZD208）

The E-CNY and Renminbi Internationalization under the International Monetary Power Theory: An Exploration Based on the Feasibility and Reality

SHEN Wei, ZHAO Er-ya

Shanghai Jiaotong University, Shanghai 200030, China

Received:2022-08-03 Revised:2022-12-23 Online:2023-03-25 Published:2023-04-04

摘要/Abstract

摘要： 数字人民币是中国人民银行发行的数字形式的法定货币,其去中心化和中心化兼具以及货币职能健全的特点意味着它可能对人民币国际化发挥推动作用。在国际货币权力论下,人民币国际化既是一种国际货币权力的表现,也是一种获取与行使该权力的手段。就理论可行性而言,央行数字货币不仅有助于主权货币国降低持续性与过渡性调整成本,而且还可助力构建参与者身份。就现实可能性而言,美元霸权仍是数字人民币发行背景下人民币国际化面临的最大障碍,但是西方频繁发起金融制裁为数字人民币重构参与者身份提供了契机。数字人民币还可以为综合霸权货币的创设提供基础,从而缓解目前美元价值波动带来的外溢效应,推动国际货币金融体系多极化。

关键词: 国际货币权力, 数字人民币, 人民币国际化

Abstract: The e-CNY is a legal tender in its digital form issued by the People's Bank of China. Both the decentralized and centralized features of the e-CNY as well as its sound monetary functions indicate its possibility to play a role in further promoting internationalization of RMB. Under the theory of international monetary power, the internationalization of RMB is not only a manifestation of international monetary power but also a means to obtain and exercise such a power. In terms of the theoretical feasibility, the digital currencies of the central banks may help the countries with sovereign currency to reduce their continuing and transitional adjustment costs, and help them to shape their participant identities as well. In terms of the realistic possibility, the US Dollar hegemony is still the largest obstacle faced by Renminbi internationalization in the context of the issuance of digital RMB. However, the financial sanctions constantly initiated by the Western countries also provide opportunities for the e-CNY to reconstruct the participant identities. Besides, the e-CNY can also provide a basis for the creation of a synthetic hegemonic currency, thereby alleviating the spillover effect caused by the current fluctuations in the value of the US dollar and promoting the multi-polarization of the international monetary and financial system.

Key words: international monetary power, e-CNY, Renminbi internationalization

中图分类号:

D996.2

沈伟, 赵尔雅. 国际货币权力论下的数字人民币和人民币国际化——基于可行性和现实性的考察[J]. 江西财经大学学报, 2023, 0(2): 126-137.

SHEN Wei, ZHAO Er-ya. The E-CNY and Renminbi Internationalization under the International Monetary Power Theory: An Exploration Based on the Feasibility and Reality[J]. Journal of Jiangxi University of Finance and Economics, 2023, 0(2): 126-137.

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