The Selection Of Leading Currency In East Asia Monetary Cooperation And The Internationalization Of The RMB.

Since 1960s, regional monetary cooperation and monetary integration is always a very important research area in international economics theory. But before 1990s, this area's research focus is on the European monetary intergration, foundamentally never conferring to East Asian monetary cooperation. After the breaking out of East Asian monetary crisis, especially in recent years, as a lot of East Asian countries'currency system's changing,regional economic acommodation and policy adjustment's strengthening and outer economic and monetary enviroment's changing ,the theory at home and abroad has done a lot of research about a series of problems. Also, this research has made some significant progress.This paper pointed out that it is Conditional and necessary to gradually promote regional monetary cooperation, As well as how to promote East Asian monetary cooperation, the path taken and the internationalization of the RMB to the problem. Thesis'structure Can be divided into the need and the feasibility for regional monetary cooperation , the currency choice of the East Asian monetary cooperation,the conditions analysis of serving as Asian Leading currency between the yuan and yen ,as well as the internationalization of the RMB and what measures we should take in taking parting in East Asia currency cooperation .Because of the driving of country benefits, the regional monetary cooperation will face currency competition .So in Asia, the competion bettween the renminbi and the yen is inevitable.RMB has an advantage on the development potential, the stability of economic growth and the Status of trade within the region. While the Japanese yen Show the strengths of at the current economic scale, the degree of the international monetary and the building of financial markets .In general, at present there is no absolute advantage between them , but there is an rising room of RMB . RMB's internationalization is the internal requirements of China's economic development , And RMB's internationalization was promoted by East Asian monetary cooperation "collective act" and given the new mission of the era. the country-driven, regional monetary cooperation in the currency will face competition from East Asia between the renminbi and the yen is inevitable.RMB in the development potential of the stability of economic growth and trade within the region have an advantage on, while the Japanese yen at the current economic scale, the degree of the international monetary and financial markets have obvious advantages on the building.In general, at present there is no absolute monetary holds a competitive advantage, but there is an increase of RMB space. RMB internationalization of China's economic self-development are the internal requirements, as well as East Asian monetary cooperation was a "collective act" promoted by, and given the mission of the new era.RMB internationalization is a dynamic process. Under the new situation of continuous development of East Asian monetary cooperation, RMB internationalization faces many opportunities and challenges such as how to promote the internationalization of RMB . It is really a major issue. In the face of an all - new attempt, the internationalization of the yuan can only be a gradual and orderly progress in accordance with international and domestic development.