Research On The Path Of RMB Internationalization

In2008the international financial crisis, the United States take to quantify thelooser monetary policy and constantly by national debt, increase liquidity and causestoo much of the dollar devaluation in long-term trend, our country is the biggest dollarreserve holdings, the dollar’s decline in China of foreign exchange reserves to bring therisk of shrink, exposed to the center of the dollar in the international monetary systemdefects.The1997Asian financial crisis, the government promised the RMB is not devalued,to the stability of the world economy has made the contribution to make the RMB getthe recognition of the surrounding countries and regions. In the2008years of theinternational financial crisis, China show strong ability of crisis, the economy remainstable growth, and further improve our country’s international credit, increased theresidents with RMB will. With the continuous improvement of the comprehensivestrength in our country, the RMB international credit has been strengthened, theresidents of RMB to increasing demand, at the same time the Chinese government plansto launch a series of policies and measures to promote RMB internationalization, andpromote the process of RMB internationalization. China as an economic power and inthe international trade and the international investment and other if continue to rely onsuch as$international monetary, is not conducive to the further development of theeconomy in our country. Therefore, RMB internationalization is the inevitable choice ofour country, to China’s long-term economic sustainable development, to improve theinternational monetary system in China in the right. This paper analyzes the existinginternational monetary dollars, the Japanese yen and the euro currency of the course ofinternationalization, respectively, in the three countries of the internationalization ofcurrency concluded, summarizes the dollar, the euro and yen to our country RMBinternationalization enlightenment. And combined with RMB internationalization of thepresent the advantage, restricting factors and could face the risk of RMB internationalization path and countermeasures study, RMB internationalization is along-term process, that is, through the weeks change, regional and international stagethree RMB become international currency, but at the same time to avoid becomingspeculators tools. People in this international three stages to make the RMB in weeksthe process of change to become the main bilateral trade payment and settlementcurrency, and become a significant investment in neighboring countries and the reservecurrency; The RMB to regional in area should be in after key currency status; In thefinal stages of RMB internationalization to become an international monetary system ofimportant a part. This paper RMB internationalization path lessons from the maininternational monetary its country of experience, and combining with the actualsituation in our country, put forward to strengthen the construction of the china-aseanfree trade area go, promoting the RMB off-shore financial center and promote theestablishment of the mainland and Hong Kong, Macao and Taiwan monetary integrationpath, in addition, puts forward the concrete measures of RMB internationalization, andaccording to the risk factors and puts forward some corresponding measures.