摘要
作为一种重要的货币现象,货币形态经历多次演进,货币形态演进理论也成为货币经济学的微观基础。在交易成本解释逻辑的基础上,引入币值稳定性和充足流动性概念,扩展为一个基于信用的货币形态演进分析框架,分析了商品货币—金属货币—信用货币顺序演进中的两次跨越,其基本逻辑是币值稳定性和充足流动性受市场范围、交易规模、贸易结构、币材供给等因素影响而对媒介交易成本最小化演进路径形成不同的制约,着重讨论了非足值铸币和可兑换纸币在金属货币向信用货币演进路径中的关键性作用。研究融合了新古典主义的理性优化方法和新制度主义的交易成本思想,形成了以信用为内核的基本分析框架,可以进一步延伸至数字人民币和人民币国际化领域。
As an important monetary phenomenon,the monetary form has undergone many times of evolution,and the theory of monetary form evolution has also become the micro foundation of monetary economics.Based on the logic of transaction cost interpretation,this paper introduces the concepts of currency stability and sufficient liquidity,expands it into a credit-based analytical framework for the evolution of money form,and analyzes the two leaps in the evolution of commodity money,metal money and credit money.The basic logic is currency stability and sufficient liquidity by market scope and the trade scale,trade structure,material supply and other factors and transaction cost minimization of media evolution path form different constraints,and emphatically discusses the full value of COINS and notes in the metal currency convertibility to the critical role of credit currency evolution path.The research method is characterized by the fusion of the rational optimization method of neoclassicism and the transaction cost thought of new institutionalism,forming a basic analytical framework with credit as the core,and can be further extended to the field of digital RMB and RMB internationalization.
作者
王勇浩
WANG Yong-hao(School of Finance,Renmin University of China,Beijing 100872,China;School of Agricultural Economics and Management,Shanxi Agricultural University,Jinzhong 030801,China)
出处
《经济问题》
CSSCI
北大核心
2021年第11期60-68,共9页
On Economic Problems
作者简介
王勇浩,中国人民大学财政金融学院博士研究生,山西农业大学农业经济管理学院教师,研究方向:金融史与长期经济增长的国际比较。
