金砖国家推动本币国际化：中国经验与合作策略

内容简介

金砖五国的六家智库（中国社会科学院世界经济与政治研究所、俄罗斯战略研究所、印度观察家基金会、印度国家公共财政与政策研究所、巴西应用经济研究所和南非人类科学研究委员会）从2016年下半年启动了一项联合研究——“推动金砖国家货币的国际结算”，本报告即是该项联合研究的中方研究成果。通过金砖国家合作共同推进金砖国家货币国际化，不仅对于人民币自身的国际化具有重要价值，也是推进国际货币体系朝向多元化方向发展的重要步骤。本文提出了金砖国家共同推进本币国际化的合作策略，包括：推动本币债券市场发展、增强金砖国家本币投融资业务、进一步推动货币互换和本币直接交易、促进大宗商品的本币结算、以区块链技术推进金砖国家跨境金融基础设施建设。

This report is the result of a joint study by six BRICS think tanks (Institute of World Economics and Politics of the Chinese Academy of Social Sciences, Russian Institute of Strategic Studies, Foundation of Indian Observers, National Institute of Public Finance and Policy of India, Brazilian Institute of Applied Economic Research, and South African Council for Human Sciences) in late 2016 to launch a joint study, "Promoting the International Settlement of BRICS Currencies". Jointly promoting the internationalization of the BRICS currencies through BRICS cooperation is not only of great value to the internationalization of the RMB itself, but also an important step in promoting the diversification of the international monetary system. This paper puts forward the cooperation strategies of BRICS countries to jointly promote the internationalization of local currencies, including: promoting the development of local currency bond markets, enhancing BRICS local currency investment and financing business, further promoting currency swaps and direct local currency transactions, promoting local currency settlement of bulk commodities, and promoting the construction of cross-border financial infrastructure in BRICS countries with blockchain technology.

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BIS （2015），“Digital Currency”，Committee on Payments and Market Infrastructures of BIS，http://www.bis.org/cpmi/publ/d137.pdf.

Christine Lagarde （2017），“Fintech—A Brave New World for the Financial Sector？”，IMF Blog，https：//blogs.imf.org/2017/03/21/fintech-a-brave-new-world-for-the-financial-sector/.

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Gao H.and Yu Y.（2012），“Internationalization of the Renminbi”，Bank for International Settlements，BIS paper No.61，pp.105-24，http://www.bis.org/repofficepubl/arpresearch200903.05.pdf.

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Joseph S.Nye （2013），“BRICS without Mortar”，Project Syndicate，April 3，https：//www.project-syndicate.org/commentary/why-brics-will-not-work-by-joseph-s--nye？barrier=accessreg.

Liu D.（2016），“Internationalization of China's Bonds Markets，Development of Offshore RMB Center and Provision of Global Safe Assets”，in ，CIGI Press.

Liu D.（2016），“Offshore issuance of China's Local Go-vernment Bond”，（China Finance），No.17，pp.76-77.

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WEF （2016），“The Future of Financial Infrastructure”，An Industry Project of the Financial Services Community，the World Economic Forum，http://www3.weforum.org/docs/WEF_The_future_of_financial_infrastructure.pdf.

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