摘要
欧元启动后,国际货币格局发生变化,美元的国际货币地位受到挑战。对私人部门来说,这一挑战涉及国际交易计价货币、国际支付手段、国际储藏手段的选择。对公共部门而言,这一挑战会影响干预货币、储备货币和钉住货币的选择。由于欧元区货币市场和资本市场尚未完全一体化、相关的法律法规有待进一步整合,以及受行为惯性和历史传统的影响,欧元与美元的竞争是一个渐进的过程,短期内不会从根本上动摇美元的绝对霸权地位。从长期看,随着影响欧元竞争力的问题的解决,欧元将变得相对稳定和强劲,进而分享美元的货币霸权。
Since the introduction of Euro, the international monetary structure has changed and the international dominant role of the dollar has been challenged. For the private sector, this challenge affects their choices of currency for valuation of international trade, payment and reserve. For the public sector, this challenge affects the choices of intervention currency, reserve currency and pegging currency. However, because the monetary markets and the capital markets in the Euro area have not yet been completely integrated, because relevant laws and rules still need further integrating, and because of inertia of practice and historic traditions, the competition between Euro and the dollar is still a progressive process and will not radically shake the dollar's present hegemony in a short time. But in the long run, with the resolution of the problems affecting Euro's competitive power, Euro will become relatively stable and strong, and will further share the dollar's hegemony.
出处
《厦门大学学报（哲学社会科学版）》
CSSCI
北大核心
2003年第5期86-93,共8页
Journal of Xiamen University(A Bimonthly for Studies in Arts & Social Sciences)
关键词
国际货币
欧元
美元
international currency competition, Euro, the dollar
