The Inspiration To The Internationalization Of RMB Based On Yen And U.S Dollar Internationalization Process

During the recent years, China’s comprehensive national strength gradually increased, economic development is growing steadily, and the RMB in the status of the international financial system has become even more important. Two financial crises in recent years, the Chinese government have shown a high sense of responsibility, have been recognized internationally, calls for the internationalization of RMB is rising.RMB internationalization attempts are many, the most widely used is the RMB in neighboring countries and regions cross-border trade settlement application, more and more use of economic and trade RMB denominated. People on the use of the Yuan more frequent cross-border, the demand for internationalization of the RMB more strongly, to discuss the problem of RMB internationalization is very important.However, the internationalization of RMB is a complex problem that requires careful and comprehensive thought for the job in this process, we may encounter a variety of issues, which needs to draw on the experience of other international currencies and the lessons learned. This paper against the Japanese yen, the dollar’s internationalization process analysis, based on the people of this proposed international policy recommendations.The first part is the introduction, discusses in detail the issue of RMB internationalization of the research background and practical significance, and briefly describes the structure and writing the paper the basic idea, and put the paper concise, and the inadequacies of the innovation. The second part first discusses the literature review, the basic concept to starting point, have raised money international monetary conditions of international basic concept, based on the analysis of money for this international impact and raises money internationally Measure the degree of the construction model for the empirical analysis below, paving the way to do model.The third part, mainly on the Japanese yen, the dollar’s international history, from its international background and motivation, this paper introduces the yen, the dollar’s international initiatives and international problems in the process:the domestic political and economic situation Changes, changes in the international political and economic situation, and ultimately leads to the use of currency above measurement model international series of economic indicators on both the empirical analysis, summed up the importance of international factors.The fourth part, through the Japanese yen, the dollar international analysis, summed up the lessons the following three aspects:first, the decisive role of economic strength, economic strength only in the strong currency based on the development of international, to health Development; Second, participation in economic globalization to promote the role and actively participate in international economic and trade activities, and expand the international influence of the currency and the flow range; Third, the impact of the government can not be ignored.The fifth part details the international background of the RMB, respectively, from the RMB international background of the world economy, the RMB internationalization of regional economic background, financial crisis, the RMB internationalization of the domestic economic background of the four aspects of the system Background were analyzed.The sixth part, to understand the background of internationalization of the RMB and the advanced experience of other countries, we should consider its own national conditions, to design a suitable path of internationalization and the corresponding measures, including:increased economic strength, for internationalization of the RMB to lay a solid The material basis; continue to build and improve the financial markets, internationalization of the RMB to provide strong support; final steadily freely convertible under the capital, clearing the way for the internationalization of the RMB.