The Economic Effect Analysis Of Exchange Rate Pass-through With The Consideration Of RMB Internationalization

With the advancement of exchange rate system reform,more than in the past ten years,RMB internationalization has made many historic achievement.At the same time,the 30 years of reform and open policy is also China's fast-grown-time.In this period of time China's economy and the global economy contact increasingly close,international economic and trade activities more and more frequent.The advancement of the RMB internationalization makes the whole China's international trade environment and the international financial market conditions are constantly changing,under different degree of RMB internationalization,exchange rate pass-through degree has a very obvious differences.The empirical results show that,as a whole,as the RMB internationalization degree increasing,weakening China's exchange rate pass-through effects,the theoretical analysis has the same judgment.To become a real international currency,the RMB internationalization follow-up is still a long way to go,in order to maintain the stable development of Chinese economy,Chinese government should continue to firmly push the RMB internationalization,emphasize its strategic significance for China's development,economic and political significance.make the Further development of China's financial market as an important part of RMB internationalization.In promoting the construction of situation,China's regulators need to strictly to control the risk factors,to ensure the orderly development of financial markets and the RMB internationalization.