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The Research On RMB Leading Asian Currencies Integration

Posted on:2012-07-02Degree:MasterType:Thesis
Country:ChinaCandidate:Y Q ZhangFull Text:PDF
GTID:2189330338995112Subject:Finance
Abstract/Summary:PDF Full Text Request
Since 1980s, the integration of regional economy rapid development, it has become an important trend of world economic development, Asian couldn't have been isolated in tide away.The Asian currency cooperation is being carried out,and regional monetary integration could become the inevitable requirement. Along with the further development of Asian monetary integration, the dominant currency issue has become the focus of many scholars argue.Therefore, in this context, China should actively participate in Asian monetary cooperation and make great efforts to improve and enhance the international status of RMB yuan to become dominant currency, and promote the competitiveness of China or the Asian economic and financial development. It seems that this problem has a strong theoretical and realistic significance.Based on the global scope the integration of regional economy and regional monetary cooperation topic extensively in the background and the integration process in the Asian currency RMB becoming dominant currency as the research object, the RMB's disadvantageous position brings damage to China's economic development and RMB leading Asian currencies of the integration of revenue .RMB the necessity of leading Asian currencies integration is discussed. From China cross-border trade RMB and the development of the financial crisis in the ascension and the international credibility yuan RMB and yen become dominant currency ,it is proved the superiority of the feasibility of the integration leading Asian currencies.This paper analyzes the leading Asian currencies, such as the integration of restricting factors of short-term U.S. financial hegemony, China reigns cross-strait reunification, four COINS yet project ,it is not achieved about RMB capital problems of free convertibility. According to these factors of leading European monetary integration for reference the experience of currency - the German mark for China's unification, the unity of cross-strait four COINS ,it is pointed out the direction of the European monetary integration process and cooperate animosity German revelation .We must strengthen the sino-japanese monetary cooperation so as to promote the integration of RMB leading Asian currencies policy recommendations, and we should actively participate in the construction of diversified international monetary system, establish and perfect the international banking system, accelerate RMB settlement and exchange come-and-go, planned integration of cross-strait four COINS, step to realize capital project and to strengthen the completely free exchange between in the monetary cooperation.
Keywords/Search Tags:Asian monetary integration, Dominant currency, RMB, Free convertibility
PDF Full Text Request
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