中文摘要：

利用非平衡面板数据对货币国际化中国际贸易与债券市场发展的作用进行了实证分析，结果显示两种因素都对货币国际化的推进具有重要影响。同时我们还可以得出，一国的国际贸易相对水平越高或一国的债券交易额越大，该国货币越容易被接受，人们会增加对其的使用，进而增加对该货币的需求量；反之，一国的国际贸易相对水平越低或债券交易规模越小，其货币亦难以成为被人们所广泛接受的货币，货币国际化难以顺利推进。

英文摘要：

Based on an unbalanced data set, this article empirically analyzes the roles of international trade and bond market development on currency internationalization. The results show that both variables are important posi- tive factors affecting currency internationalization. In the case of all other factors remain unchanged, the country with larger international trading of the international scene. bond market, the smaller On the volume or bond trading volume will be more likely to push its currency to the front the contrary, the lower development levels of one country＇ s international trade and possibility of the country ＇ s currency being international.