摘要
本文将货币兑换成本作为衡量可自由兑换程度的尺度,并将货币区域化划分为国内流通和国际流通两个层次,在两种货币和多种货币的情形下考察货币区域化与可自由兑换之间的相关性。结果发现,国际流通层次的货币区域化与可自由兑换程度正相关,而国内流通层次的货币区域化与可自由兑换程度负相关。
Currency exchange cost is introduced as a measure of currency convertibility, and currency regionalization is divided into two levels： national circulation and international circulation. In both contexts of two currencies and of several ones, the correlation between currency regionalization and currency convertibility is investigated. The results show that currency regionalization of international circulation level and the degree of currency convertibility is positive correlated, and currency regionalization of national circulation level and free exchange degree is negative correlated.
出处
《金融理论与实践》
北大核心
2008年第10期3-7,共5页
Financial Theory and Practice
关键词
货币区域化
可兑换
流通层次
交易媒介
Currency Regionalization
Exchanging
Circulation Level
Exchange Medium
作者简介
邱兆祥（1941-），男，湖北利川人，博士生导师，同时兼任西南财经大学、暨南大学等高校博士生导师。主要研究方向：金融理论与实践；张爱武（1975-），男，湖北仙桃人，博士研究生，研究方向：金融工程。
