The Study on the Reform of International Monetary System and RMB Internationalization

Since the global financial crisis,the voice on reforming international monetary system gets higher and higher.All kinds of the reform project to it were brought forward.As we can conclude,the succession of international monetary is selected by market from the historical evolvement of international monetary system which is a succession from Gold standard system to Gold Exchange standard system,Dollar-based system.The reform of exchange rate system is decided by dominant countries' Long-term Game.Although there are many target modes to reform international monetary system,it is most possible to appear the coexistence pattern of a variety of currencies including Dollar,Euro,Japanese Yen,RMB,gold,SDR.No doubt,RMB internationalization will be the key driving force in the process of international monetary system reform.The path of RMB internationalization should be the stratagem which is from peripherilization to regionalization and globalization.The success on RMB internationalization depends on whether we can resolve the problem of system and structure in domestic economic,whether we can create the condition to enforce the economic and foreign trade grown by system reform and structure adjustment.