International Comparative Perspective The Internationalisation Of The Renminbi To The Balance Of Payments Equilibrium Analysis Of The Effect

In recent years, with the constant development of our economy, comprehensive national power rises ceaselessly, the RMB is being used more frequently and widely, as a medium of exchange, means of payment and means of storage. Plus, the international monetary system is not stable, the values of the major international currencies also fluctuated frequently, especially after the global financial crisis in2008, the international monetary system is facing a new round of adjustment, RMB become a "candidate" of the future of international currency. Therefore, RMB internationalization problem is being paid close attention to by domestic and foreign politics and academic circles.But in view of the internationalization of the currency is a process of cost and benefit coexist, and China’s financial system is not perfect, it is sure that the internationalization of RMB will produce major effection on our country’s macro macroscopical economy. While the international balance of payments can represent a state of external equilibrium condition, and our country’s balance of payments continued to show the unique structure of "double surplus" during the past ten years, study the effect on the balance of international payments which is paid by the internationalization of RMB is very valuable.In view of the reality RMB has yet to realize its internationalization and is still in the process of internationalization, this paper chooses to use qualitative and quantitative methods to study the effect on the balance of international payments which is paid by the currency internationalization in the perspective of international comparison. The theory analysis of this paper begins with the ways of the monetary internationalization influence the balance of payment, and then deduction of a model; Then, analyse the "double surplus" situation of China’s international balance of payments, and measure the internationalization degree of RMB and other major currencies. Finally, come to the conclusion that the internationalization of RMB has a positive effect on the balance of international payments, and in order to highlight the positive effect as soon as possible, put forward policy proposals from the angle of the internationalization of RMB.