Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Exchange rate,foreign financial relations

RMB Internationalization of the Domestic Financial Market Supporting Policies

Author DengFangZuo
Tutor SuPingGui
School Dongbei University of Finance
Course Finance
Keywords RMB Internationalization financial market open Capital market
CLC F832.6
Type Master's thesis
Year 2010
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In recent years,with the continuous development of China’s economy,RMB starts to circulate outside,"RMB internationalization" has become hot spot.In China the influence to the world economy grows at the same time,the role in the international monetary system doesn’t improve accordingly,suffering wide foreign exchange impact,increasing the risk of foreign exchange reserves,It does harm to the healthy development of our economy.Money internationalization follow a financial market.the internationalization of RMB is put on the agenda. China will master the world powers, first be financial power, although our country foreign trade still pay in dollars,with huge foreign-exchange reserves,so the risk of depreciation of RMB internationalization is imminent,The international monetary means the international political and economic status of China,with participation in international affairs,the rules of the power is a national political power of strength,but also a kind of international economic resource potential.In the global financial system,the evolution of the international currency is not only beneficial to become the international monetary system,also means that China’s development of multi-polarization in world economic stage.Starting from the first international monetary theory from different angles, and expounds the connotation and the international monetary conditions.By extension theory to practice,and the dollar,the euro and yen,due to the internationalization of Japanese for east Asian countries,with China’s historical values have deep origin,yen internationalization is a government regulation of road,and steer China central macro-control policies on the development of ideas, internationalization is a comprehensive problem involved in political,economic, and cultural aspects,the influence of many factors,the internationalization of monetary policy of the macroscopic level of financial market opening, supporting about monetary internationalization process.This innovation in financial markets open form from the perspectives of RMB internationalization,expounded current domestic financial market opening degree and existing problems of the financial market foreign offshore,from two angles of the open market development put forward a RMB financial market opening process. Of course,since the author’s experience and material we can lose no time in advance RMB internationalization orderly.RMB internationalization is an inevitable trend.Monetary internationalization is a double-edged sword,issued in the kingdom not only to enjoy benefits,but also may result to the enormous damage.It requests us to study law,international monetary conditions of China’s reality,selecting the appropriate route carefully, advanceRMB internationalization,make good chance to RMB internationalization in this country.

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