Chinas Cross-border Trade Settlement in Yuan: Theoretical Analysis and Policy Suggestion

摘要：

This paper analyzes Chinas cross-border trade yuan settlement theoretically. In the view of firms profit maximization, it adopts a partial-equilibrium model to analyze firms decision about producer currency pricing (pricing in the exporters currency) or local currency pricing (pricing in the importers currency). When more of export commodities are differentiated with less price elasticity of substitution it is more profitable to make producer currency pricing. So, policy making should be concerned with optimization of trade structure in the long run. Chinese exporters can have more bargaining power with importers about the choice of invoicing currency when they export more differentiated products and Chinas cross-border trade yuan settlement can be largely expanded in the long run through this way.

关键词： Cross-border Trade Yuan Settlement Producer Currency Pricing Local Currency Pricing Optimization of Trade Structure

作者: SHI Longxiang WU Liangkun

作者单位: School of International Economy and Trade, Shanghai Institute of Foreign Trade, P.R.China, 201620 School of International Economy and Trade, Shanghai Institute of Foreign Trade, P.R. China, 201620

会议类型: 国际会议

会议名称: 2011 International Symposium on Technical Innovation of Industrial Transformation and Structural Adjustment(2010 技术创新、产业转型与结构调整国际研讨会)

会议地点: 烟台

会议语种:英文

页码: 288-291

在线出版日期: 2011-08-06（万方平台首次上网日期，不代表论文的发表时间）