Reform of international monetary system and internationalization of RMB
Pan Li-quan
Abstract
Pan Li-quan
Abstract
The collapse of the Bretton Woods system intensified financial market turbulence The Asian financial crisis reveals the limitation of current international monetary systemEuro operation urges to establish a new international monetary system The paper analyzes the basic factor restraining the internationalization of RMB based on the trend of international monetary tripolar development It also advances that the key point for promoting internationalization of RMB is to realize the internationalization of RMB in regions
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The collapse of the Bretton Woods system intensified financial market turbulence The Asian financial crisis reveals the limitation of current international monetary systemEuro operation urges to establish a new international monetary system The paper analyzes the basic factor restraining the internationalization of RMB based on the trend of international monetary tripolar development It also advances that the key point for promoting internationalization of RMB is to realize the internationalization of RMB in regions
Key concepts: Renminbi, Internationalization, Monetary system, Economics, International economics, Financial crisis, Financial market, Business