Way To The East Asian Monetary Cooperation As The Internationalization Of The Rmb

The issue RMB internationalization of the issue has been paid attention to for a long time. Especially, because of international financial crisis in recent years,the internationalization of RMB is considered as a solution to the defect of current international monetary system. In order to accomplish this,make RMB the key currency of monetary cooperation in East Asia is a necessary procedure. It is also widely recognized by academic.So,how to paticipate in monetary cooperation in East Asia and make RMB the key currency are the problem.Althought the question of monetary cooperation in East Asia has long been proposed. However, the East Asian countries has not actively seek to promote it in practice mainly for the complexity of monetary cooperation in East Asia.Despite all the difficulty,it seems a necessary step, besides, regional currency cooperation has very stimulating effect on the economic development of the whole region.As a result,it is worth the effort.This article describes the experience and theory of regional monetary cooperation. Discuss which monetary cooperation model adapts East Asian. Will also calculate the real effective exchange rate of RMB to estimate the competitiveness of RMB. Finally, compare to Japan and South Korea which could also be the core of monetary cooperation in East Asia. Discuss how China to promote East Asian monetary cooperation and make RMB may the key currency concerned with the real effective exchange rate of RMB...