The Transition Of RMB Exchange Rate Regime Based On Financial Security

Under the background of economic & financial globalization, financial crises exploded with the new characters of high frequency and infectivity. In the 90s of the 20th century, the crises broking in emerging market countries made their exchange rate regime to be adjusted and even transited. So, the theory of transition for exchange rate regime has become the research focus of many economists. The paper based on the perspective of the financial security, studies deeply the interaction between RMB exchange rate regime and financial security, and after ensuring the financial security, seeks the path of transition, so gives some policy suggestions.Based on the perspective of financial security, and through the overall grasp of the state of financial security and debate on the reform of RMB exchange rate regime, the paper studies deeply the relationship between financial security and RMB exchange rate regime, and puts forward the specific path of transition.First, the paper analyses the factors both in and abroad, which affect financial security in our countries. According to these factors, the paper builds up the index system to measure China's financial security. At the same time, the paper sorts out the scholars views about whether RMB should appreciate or not and how to appreciate, analyses in detail the relationship between the reform of RMB exchange rate regime and the reform of management system of foreign exchange reserves, sums up the practical constraints for more flexibilities in RMB exchange rate. Second, the paper analyzes deeply the influence of current exchange rate regime on financial security. And finally, the paper gives the measures to strengthen the financial security from the perspective of exchange rate, and through the study of time and method of transition, gives the specific path of transition for RMB exchange rate regime.