The Reform Of International Monetary System And Internationalization Of RMB

From the international monetary system reform history can be seen, the international cargo system evolution is associated with all countries in the world economic power, political changes in the position of the combination. Despite the international governments for international monetary form supersedure may play a role, but one of the most important factors are the choices of the market impact, and exchange rate arrangement is all countries based on the balance of international payments, and promote economic and trade development, countries long after the game and the results. By the United States sub-loan crisis of the global financial crisis and after this irresponsible rounds of monetary easing quantitative policy, the European debt crisis exposed to the full emergence stage dollar dominated international monetary system exists serious internal defects and the enormous systematic risk, fully shows that the current international monetary system can objectively reflect the world political and economic status changes, so many countries have made the international monetary system reform. In this kind of international monetary system under the environment of internationalization of RMB, highlights the necessity and urgency for the internationalization of RMB, but also provides a good opportunity. China should firmly seize this opportunity, accelerate the process of internationalization of RMB.This paper is divided into five parts:The first chapter of the international monetary system, the connotation and the present situation of the international monetary system, given the definition of analysis, and an overview of the current international monetary system, and pointed out that the current international monetary system for the following shortcomings, on the international monetary system reform direction of formation.The second chapter gives an overview of the five international monetary system reform direction, and it is pointed out that each monetary system reform direction of the feasibility and not implemented because, according to the conclusion of analysis, only the establishment of a situation of tripartite confrontation " of the international monetary system will become the future direction of development of the international monetary system. And the monetary system reform is the core of the established" Asian yuan", which is a necessary condition for the internationalization of RMB.The third chapter summarizes the reasons of RMB internationalization, in the reform of international monetary system requires RMB internationalization under the background of China's own factors, including promoting economic strength, international political status and huge foreign exchange reserve scale become promote RMB internationalization internal motivation; and international social demand for Renminbi and Asia-Pacific economic integration become the internationalization of RMB external motivation.The fourth chapter discusses the feasibility of RMB internationalization, first analyzes the restrictive factors in the course of the internationalization of RMB and describe the RMB internationalization of the status quo, then study the internationalization of RMB implementation condition and income, make the final conclusions of RMB internationalization is of great necessity and feasibilityThe fifth chapter analyzes the RMB internationalization path selection, through to the RMB internationalization path design and implementation steps of the two aspects, it concludes that the RMB to geographically to peripheral, regionalization and development of "three steps" to the internationalization of the internationalization process, in the function of money to RMB settlement currency, renminbi investment currency and RMB the reserve currency of the three step development strategy.