2009Shanghai Caijing Daxue xuebaoRequires access

The Development Space and Opportunity of RMB Internationalization

Xiong Ai-zong

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Abstract

With the economic development in China,RMB internationalization is of great concern.The paper deeply analyses the conditions of RMB internationalization from the economic angle.Then it concludes that there is a critical condition for RMB internationalization,and the present financial crisis in USA and the depreciation of the dollar provide chances for RMB internationalization.We should realize that present RMB internationalization is expressed by RMB regionalization at some certain degree and pay close attention to the potential risks introduced by RMB internationalization.

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What this paper is about

With the economic development in China,RMB internationalization is of great concern.The paper deeply analyses the conditions of RMB internationalization from the economic angle.Then it concludes that there is a critical condition for RMB internationalization,and the present financial crisis in USA and the depreciation of the dollar provide chances for RMB internationalization.We should realize that present RMB internationalization is expressed by RMB regionalization at some certain degree and pay close attention to the potential risks introduced by RMB internationalization.

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Available abstract

With the economic development in China,RMB internationalization is of great concern.The paper deeply analyses the conditions of RMB internationalization from the economic angle.Then it concludes that there is a critical condition for RMB internationalization,and the present financial crisis in USA and the depreciation of the dollar provide chances for RMB internationalization.We should realize that present RMB internationalization is expressed by RMB regionalization at some certain degree and pay close attention to the potential risks introduced by RMB internationalization.

Key concepts: Renminbi, Internationalization, Liberian dollar, Depreciation (economics), China, Us dollar, Business, Financial crisis

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