国际货币竞争

论欧元与美元的国际货币竞争

International Currency Competition : Euro vs. the Dollar

只有担当起这个区域性的“关键货币”，才能在国际货币竞争的格局中赢得利益。

Only RMB plays as a " key currency " in this sub-area can it benefits from the competing with other international currencies .

本章围绕着货币的计价和结算职能、交易便利性、货币公信力等特性，阐述了国际货币竞争地位的决定因素。

The paper revolves the determinants of the currency around currency valuation and settlement functions , ease of trading , currency credibility and other features .

但欧元能够在多大程度上重整国际货币竞争结构，对均衡的国际货币体系的形成将发挥多大程度的影响，仍是一个值得探讨的课题。

It is worth studying that to what degree the Euro can adjust the international monetary competitive structure and to what degree it can influence the international monetary system balance .

欧元的诞生是欧盟各国中央银行货币政策协调的结晶，同时也是对国际货币竞争体系的一次重大调整。

The birth of Euro is a result of policy coordination of central banks of all EU member countries , but also achieve a big adjustment for international monetary competitive system .

其次，以美元取代英镑为代表的单一国际货币间的竞争。

Second , as the representative of the competition between single international currency the U.S. dollar replaced sterling .

到目前为止，国际货币体系没有采取竞争性贬值而度过了危机，我非常希望这种状况可以继续下去。

Until now the international monetary system got through the crisis without competitive devaluations and I hope very much it stays that way .

后危机时代各国综合国力此消彼长，国际经济力量呈现的多元化发展趋势催生国际货币多元化竞争格局，国际货币体系必将面临新的调整。

In the post-crisis era , comprehensive national strength of various countries changed a lot . The trend of diversified international development economic forces must prompt diversified international monetary competition that the international monetary system will face new adjustments .

展望未来的国际货币格局，美国只有加速经济结构的转型，才能在国际货币竞争格局中保持相对优势，但无论如何，单一货币主导的货币格局将一去不复返。

But any way , single currency will never dominate the international monetary structure .