China's Cross-border Trade Settlement in Yuan: Theoretical Analysis and Policy Suggestion
被引:0
|
作者:
Shi Longxiang
论文数: 0引用数: 0
h-index: 0
机构:
Shanghai Inst Foreign Trade, Sch Int Econ & Trade, Shanghai 201620, Peoples R ChinaShanghai Inst Foreign Trade, Sch Int Econ & Trade, Shanghai 201620, Peoples R China
Shi Longxiang
[1
]
Wu Liangkun
论文数: 0引用数: 0
h-index: 0
机构:
Shanghai Inst Foreign Trade, Sch Int Econ & Trade, Shanghai 201620, Peoples R ChinaShanghai Inst Foreign Trade, Sch Int Econ & Trade, Shanghai 201620, Peoples R China
Wu Liangkun
[1
]
机构:
[1] Shanghai Inst Foreign Trade, Sch Int Econ & Trade, Shanghai 201620, Peoples R China
来源:
PROCEEDINGS OF THE 2011 INTERNATIONAL SYMPOSIUM - TECHNICAL INNOVATION OF INDUSTRIAL TRANSFORMATION AND STRUCTURAL ADJUSTMENT
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2011年
关键词:
Cross-border Trade Yuan Settlement;
Producer Currency Pricing;
Local Currency Pricing;
Optimization of Trade Structure;
D O I:
暂无
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
This paper analyzes China's cross-border trade yuan settlement theoretically. In the view of firm's profit maximization, it adopts a partial-equilibrium model to analyze firm's decision about producer currency pricing (pricing in the exporter's currency) or local currency pricing (pricing in the importer's 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 China's cross-border trade yuan settlement can be largely expanded in the long run through this way.