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从传统的计价货币选择理论入手,对有关国际贸易计价货币选择的文献进行综述。研究发现,货币的交易成本、产品的需求弹性、预期利润、讨价还价能力和市场占有率是国际贸易中企业计价货币选择的微观影响因素;而通货膨胀高低、货币供给波动大小和汇率波动程度是宏观影响因素。在微观企业计价货币选择的决策中融入宏观经济变量的动态一般均衡模型研究,以及微观企业时间序列数据的挖掘是未来计价货币选择理论的研究方向。
Starting from the traditional theory of the choice of denominated currency, the literature on the choice of denominated currency for international trade is reviewed. The research finds that the transaction cost of money, product elasticity of demand, expected profit, bargaining power and market share are the micro-factors that affect the choice of corporate currency in international trade. However, the level of inflation, the magnitude of money supply volatility and the exchange rate volatility are macroeconomic Influencing factors. The research on the dynamic general equilibrium model that integrates the macroeconomic variables into the decision-making of the micro-enterprises ’valuation currency selection and the mining of the micro-enterprises’ time series data are the research directions of the future pricing theory of currency selection.