The Feasibility Study For The RMB Regionalization In The “One Belt And One Road”

Under the strategy background of “One Belt and One Road”,the studying in the RMB internationalization and regionalization is the current hot topic.The article defines the concept of RMB regionalization,the internationalization of the RMB and optimal currency area.More important,it analyzes the situation and the question of the RMB regionalization in the “One Belt and One Road” from three points,three are as the corss-border trade and investment pricing and billing,the regional reserve currency.Then,based the correlation theory of economic shock and the SVAR model,the article analyzes 16 economics in the “One Belt and One Road”.In terms of the correlation of the economic shock,scale and speed of adjustment to economic shocks,it finds China's influence has surpassed the United States and Japan,but less than the Germany in 1990 s in the region.Finally,the article shows the RMB regionalization in the “One Belt and One Road” needs to strengthen cooperation with regional powers,and promote the trade and investment in the economies,the last is the cooperation of the exchange rate,so as to make China have the highest coreelation of the economic shock,the smallest scale and the fastest speed of adjustment to economic shocks,and the RMB regionalization has feasible in the “One Belt and One Road”.based on that,the article gives the policy recommendations.