The RMB Internationalization Based On The International Financial Crisis

The United States subprime mortgage crisis, which began to float on2007, began to evolve into a global financial crisis on September2008. The financial crisis broke out from Wall Street and spread over the world, and caused virtual economy to affect real economy. It not only changed the history of Wall Street, made the United States be caught in a rare recession, but also hurt the economy of other countries. Till now the financial crisis has broken out for7years, during which the market of developed countries such as Europe and America has gradually returned to stable, global economy also walked out from financial crisis, but the adjustment of global economic landscape triggered by the international financial crisis has only just begun.After World War II, especially since the collapse of the Bretton Woods system, international diversification of economic power has become an indisputable fact, the international economic landscape has changed and will still change. From this level, the International Monetary system,as the endogeny of international economic situation, should also be changed accordingly, but the dollar-dominated international monetary system and the international financial structure dominated by the United States financial system did not make the appropriate adjustments. The unipolar monetary system with the dollar as center has the latent defects of self-regard, lacking constraint and balance mechanism, and the asymmetry of right and obligation, which is one of the deep reasons to the financial crisis. Since the1930s, it can be regarded the biggest international economic crisis, which not only caused a huge impact on world economy, and brought a series of experiences and lessons, but also exposed the deficiencies of the current international monetary system, so the reform of the international monetary system has become consensus around the world. How to seize the opportunity of the reconstruction of the international economic landscape, which triggered by the global financial crisis, and actively do something to accelerate the pace of internationalization of the RMB are worth of studying. RMB internationalization is the certain result of connection of Chinese economy and financial system with those of globe, also the result of marketization select.I This paper relies on the background of the global financial crisis to study the internationalization of the RMB, The article firstly introduces the research background, research significance, research status over the world and research thought and method, points out innovation and disadvantage. Secondly, the article pointed out that the international financial crisis has made seriously negative impact on the world’s economy, which caused the thinking about the irrationality of the current international monetary system. therefore reforming the current irrational international monetary system voices rises, which provides a favorable external environment for the internationalization of the RMB. The outbreak of the global financial crisis is not only greatly striking the current international monetary system, but also making China’s international status improved, and the international influence of the RMB further enhanced,which provides a rare historical opportunity for the internationalization of the RMB. Thirdly, the article combines with China’s actual conditions, and summarizes the main obstacle to the internationalization of the RMB. Finally, the article analyzes the patterns of the RMB internationalization, and proposes the path selection of the RMB internationalization as well as specific measures in this paper, the specific structure is as follows:The first part of the article is introduction, which mainly introduces the research background, research significance, research status over the world and research thought and method, points out innovation and disadvantage.The second part points out that the outbreak of the global financial crisis is not only greatly striking the current international monetary system, but also making China’s international status improved, and the international influence of the RMB further enhanced, which provides a rare historical opportunity for the internationalization of the RMB.The third part bases on China’s actual situation to analyze the main obstacles to the internationalization of RMB.The forth part analyses the patterns of the currency internationalization, and proposes the path selection of the RMB internationalization as well as specific measures.