影响跨境贸易人民币结算发展的宏观经济因素实证分析

我国跨境贸易人民币结算起步较晚，发展过程中存在着许多问题。国内对跨境贸易人民币结算这一问题的研究主要集中在发展存在的问题及风险，对结算参与微观主体意义，以及对外贸经济的推动作用几个方面，基本停留在微观研究层面，而对宏观层面影响因素的研究不足。从宏观层面上研究影响跨境贸易人民币结算的经济因素，分析对外贸易、外汇储备、汇率、货币供给等宏观经济变量对跨境贸易人民币结算发展的影响，将有利于厘清人民币国际化发展的内生动力，对未来人民币国际化的发展起到重要的政策指导作用。

The Empirical Analysis of the Impacts of Macroeconomic Factors on the development of RMB Settlement in Cross - Border Trade

The RMB settlement in cross - border trade in China started late,there are many problems in the process of development. The domestic study on this subject mainly focus on the problems and risks in the process of development,and the significance for the clearing participant,as well as the active effect on the development of for-eign trade economy. The findings were remained at the level of microscopic study,the macroscopical research is still inadequate. To research on the influence of economic factors of RMB settlement in cross - border trade from a macro level,and analyze the impact of macroeconomic variables such as foreign trade,foreign exchange reserves,exchange rate,money supply,will help to clarify the intrinsic motive of the development of RMB internationalization. It is also plays an important role in providing policy guidances for the future development of the internationalization of RMB.