Rmb Internationalization Research

With the development of the economic globalization and integration of regional economics, the creation of the regional currency has become a kind of inevitable trend. The internationalization of country monetary can bring a great deal of interests, such as the coin tax income, the reduction of exchange rate risk and the raising international influence power. Though the monetary internationalization will strengthen the possibility that the country is struck by economy and financial turmoil, but generally speaking, the advantages outweigh the disadvantages. So each country is accelerating the process of financial liberalization to make the national currency occupy a tiny space in the international monetary system. In addition, the currency substituting develop rapidly and its typical example is dollarisation. It is evident that the currency substitutes impact economy greatly. It destroys the independence of monetary policy and financial policy and causes the unstability of exchange rate. RMB faces two choices: either pursuing the monetary internationalization strategy to make RMB become one kind of convertible foreign exchange or becoming the target that hard currency substitutes. Obviously, it is a kind of inevitable choice to pursue the monetary internationalization. How to make RMB become internationalized currency has become the focal point, which the country and the masses of theory workers pay attention to, It is the basis that I select it as the research goal.It is hard but significant to promote RMB to move towards internationalization The degree of difficulty is greater and it needs consider relevant every aspect and take many kinds of research approaches, The methods that this thesis is taken includes: the combination of standardized analysis and real example analysis, the theory analysis and practical experience and static analysis and dynamic analysis, Through vertical and two horizontal respects, it is making objective appraisal from the development process of history and pinpointing the problems and predicting the trend. Proceed from global visual angle, it use analytic approach of international comparative to use for reference and draw the existing experience and lessons. It is important to offer a kind of feasible implementing scheme for RMB internationalization.This text is mainly about the necessity and the possibility to promote the internationalization of RMB; then reviewing the course of the convertible foreign exchange to move towards the internationalization, such as U.S. dollar, Japanese yen and European dollar and summarizing the experience and enlightenment of the internationalization; Finally putting forward the progressive countermeasure of the internationalization of RMB.