Cross-border Yuan Settlement For RMB Internationalization Role Analysis

As the U.S. economic crisis triggered by the global economic crisis, many scholars realized that a problem, that is the international monetary market is too single, with the dollar as the center of many of the defects existing in the international monetary system, causing world currency changes. Countries in seeking their own economic development at the same time, to the country’s currency become international currency, to better cope with the changes of the world economy and improve the international monetary market, make the international money market gradually to the diversity of system development. With the continuous development of our economy and expand, gradually throughout the world have a certain influence, from the perspective and the development situation of China’s current national conditions, it is very important to finish the internationalization of the RMB. On the one hand, the internationalization of the RMB will help China’s listed companies and is engaged in the foreign trade enterprises avoid exchange rate risk; On the other hand can also help our government to reduce the cost of borrowing, save a part of government spending. But in the process of RMB internationalization, will inevitably bring some negative effects, such as foreign capital injection for the country’s financial markets will bring strong impact, etc. Although will bring some negative influence, promote RMB internationalization is the main stream of the development of our country, the government should actively promote the internationalization of the RMB, adopt corresponding macroeconomic regulation and control to deal with the fallout.This article mainly from the following several parts to study the cross-border settlement for RMB internationalization role:The first part is introduction. In the introduction part is mainly about this topic research background, significance, domestic and foreign research present situation and the innovation points in the process of writing an article to elaborate, analysis. In order to do foreshadowing for research and preparation. The second part of the international monetary theory overview. In the study of cross-border settlement to promote RMB internationalization process, must first for international monetary research related content, were analyzed in the process of research to better improve the promoting countermeasures. This part mainly from the definition and scope of international currency, currency internationalization performance and the cost of currency internationalization to study. The third part is the RMB settlement effect of RMB internationalization. Before promote RMB internationalization, must be for the interdenominational of the RMB is likely to cause the effect of study, this to promote policies and to prevent other problems appear very important, this paper first analyzes the present situation of cross-border settlement in our country, and then for cross-border yuan trade settlement for the promoting function of the internationalization of the RMB was studied, and the problems for cross-border yuan trade settlement are summarized. The fourth part is to promote the yuan area internationalization’s advice. This part is the core part of the article, mainly based on the above study and put forward relevant countermeasures to more reliable propulsion. This article mainly from the cross-border yuan settlement policy, RMB outflow channels, development of overseas investment channels, cross-border capital flow monitoring system and the RMB exchange rate system reform and the several aspects to discuss.