Study Of RMB's Internationalization

With the high speed development of China's economy and synthetic power, close concern of China's high rank policy makers and domestic theoretic circle are paid to the RMB's internationalization. And research on RMB's internationalization has become the frontier science.Now, the tendency of economical combination strengthens in the world. In orient area, the demand for area combination is more. But it is hard to establish the organization like European Free Association and North America Free Trade Association. Orient area should search for its own model. Now, many second area organizations are established in orient area, which improves the process of Asian economical combination. China as the biggest country in Asia should take into account the problem of RMB's internationalization, if it wants to play competent effect in the process of Asia economical combination.The economy in china has been growing quickly in recent years. The whole power of economy amplifies. The exchange rate of RMB persistence stabilizes. Particularly, Chinese government showed high responsibility in Asian finance crisis, which enhanced the international prestige of RMB. The people in these countries and areas come to agree and accept RMB as transact money and for international accounting. A lot of RMB circulates abroad. The tendency of RMB's internationalization appears, probing the problem has much reality sense.This thesis starts from the theory of money internationalization, compares the three big process of money internationalization and assays background of RMB's internationalization, Probing the necessity and feasibility of RMB's internationalization. Expound the choice of path of RMB's internationalization. There are three ways: 1 .To promote the reform of foreign currency system and to form a complete set by step; 2.To carry out the Asian strategy of RMB's internationalization and promote the position of RMB as the key currency in Asia. 3. To push on the strategy step by step.