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一、绪言计价货币(Invoice Currency)是国际货币(International Currency)在私人部门作为价值基准的重要职能。在国际贸易中,作为计价货币进行结算的比率也是判断某种货币国际化程度的重要指标。由于网络外部效应(NetworkExternalities)的存在(Ewe-Ghee.Lim,2006),提高一国货币在国际贸易中作为计价货币的比率也是该种货币国际货币化进程中的重要任务。对计价货币决定要因的研究,除Grassman(1973)所提出的格拉斯曼法则(Glassman’sLaw)外,近年来随着新开放经济宏观经济学(New Open-economy Macroeconomics)的快速
I. INTRODUCTION Invoice Currency is an important function of International Currency as a value basis in the private sector. In international trade, the rate of settlement as denominated currency is also an important indicator of the degree of internationalization of a currency. Due to the existence of NetworkExternalities (Ewe-Ghee.Lim, 2006), increasing the ratio of a country’s currency as a denominated currency in international trade is also an important task in the international monetization process of that currency. In addition to the Glassman’s Law proposed by Grassman (1973), the study of the key determinants of denominated currency has shown that in recent years, with the rapid development of New Open-economy Macroeconomics,