货币制度回归金本位的可行性分析.docxVIP

货币制度回归金本位的可行性分析 摘要：随着时间的推移，国际市场上由于金融危机而引起的轩然大波也渐渐的得到了平息。然而，就在各国都在为经济新一轮的涅?而摩拳擦掌之时，国际间货币市场却看似余波未平。近年来，美元与他国主要货币之间的汇率持续走低，有些甚至跌至了近四十年来的谷底；而同时，美元汇率的不稳定性也使得美国的主要交易对手普遍对之产生了信任危机。例如，在2008年末，当国际油价在100美元大关处徘徊不定之时，以阿联酋、卡塔尔为代表的一些国家都曾考虑用其他主要货币来替代美元作为国际间油价的计价单位。就在这个时点上，一些知名的经济学家公开呼吁国际社会摒弃美元，回归金本位制。那么，在当今的经济大环境下，回归金本位制是不是一个好的选择？它又有着怎样的可行性？本文通过着重分析回归金本位制的优劣之处，试图对这一个问题进行探讨。 下载 关键词：金本位制 国际市场 金融危机 Serving as a main coinage for over one century, the gold standard does has its mer successfully avoided the uncertainty caused by the fluctuating rate, which would definitely help to stabilize the world trot a single country could enjoyed its privilege in this sysforeign exchange marld price at a fixed level, the money supply of a country would never be able to go up more quickly than its actual demand and a country thus could elude the risk of inflatold standard is merely an impractical windbaggc point of view, there are always necessity and objectivity lying in the roads toward the revolution of a certain kind of thd the once prevailing gold standard was that the existence of the gold standard seriously suppressed the development of the world econy and to the low efficiency of the exploitation of gold, the amount of money supply could only share a comparatively slow rise in the gold standard sysworld was around 386 tons in year 1900 and the annual output of worldwide gold has kept comparatively stable since the middle period of 1990s, at 2500 tons per y4 times faster than that at the end of the 19th centatched to the fast developing world economy if we sticked to the gold standt US dollar should and must return to the gold standard at the top of their bent, it is no doubt against the historical trajectory, with the destiny doomed even a century lutely stable coinage as people generally reg, the eruption of currency crisis still remains around the corhere is a severe misconduct in a countrys macroeconomic policies, for example a comparatively high level of government deficit, the exchange speculators will tend to expect the hardship for the government to maintain the price ratio between its currency and gdollar in order to keep value and even make pro in year 1960 for exam US dollar, which was caused by the increasingly intensified fiscal crisis in America, the gold price in London market rocketed straightly from initially 35 dollars per ounce to 40.6 dollas Canada all suffered from a national panic purchase which was lateer described as one incredibly and unprecedenteely in October 20th reached to a record 20,000,000 dolle against the fact of persistently depreciation is on the cards to induce a new term of fluctuatill render tougher and tougher questions, bring about vicious circles if not handled properly, and finally cause a systemic recession all around the woequirement via dominating gross money supply under the gold stande in its economy, the central bank could not help to stimulate the national demand or to spur the economical performance and the decline in economy will eventually lead to an overall stagnancy with the time-laof gold, all the countries around the world will endeavor to improve their production level to achieve a larger quota of the global gional output increases, the price for unite product and work force is getting lower and lok the internal balance of an open economy, leading to a low efficiency of the global economical operatoids the natural asymmetry that the reserve currency possesses, this kind of system also has the unique weak pond the world as rare mineral resources, the practice of the gold standard will endow the worlds major gold producers, such as Russia and South Africa, as well as the biggest gold reservers, for instance America and Germany, higher economic influences than the rest of the countrrivilege to choose whether they should slow down or even stop their exploitation of gold as the gold price drops to a certain lehem the chance to control the amount of the world curreain the economic cutokuan under gold standard on the basis of the gold holdi their economic outputs and the contribution to the outside wories for being engaged in their economic activities will be deeply hurt, thus giving birth to a new generation of worldwide economic hegem four main points just mentioned hereinbefore, there still lays a variety of barriers crying for being cleared if US dollar is determined to return to the gold stand large number of national debts in order to make up for its huge government defillow if US dollar is no longer a world reserve currency? Besides, what the exactly actions should each government takes to reestablish the once lost faith among the people? All these reality-based problems and immense uncertainty make the return of the US dollar to the gold standard simply a wildest drntly in dealing with the Greek crisis of external debts, while Chinese dollar, as one of the most promising new world reserve currencies, hasnt yet been ready to get convertible, US dollar still occupies an overwhelming status in todays international money martary system we shared today, while trying to built up the authority and influence for the next potential world reserve currency, rather than dream of returning back to the doomed gold standonomics Theory And PolicyPaul R.Krugman & Ma