Thoughts on the Internationalization of RMB Under Financial Crisis
Internationalization of RMB is the inner need and objective result of China’s economy development in the currency field. Utilizing the revised Krugman’s GG-LL* model which is the curve of cost-benefit on Finland’entrance into EU, it can be proved directly that the benefit of internationalization of RMB is more than the cost. Therefore, to push on the issue is imperative in the circumstances of financial crisis. The particular procedures involve convertibility in Capital Account,establishment of foreign exchange market, and the perfection of the domestic financial market.
internalization of RMB GG-LL model Convertibility
YU Fengqin HU Jun
School of economics Shandong Institute of Business & Technology,Yantai,China,264005 School of foreign studies Shandong Institute of Business & Technology,Yantai,China,264005
国际会议
2010 International Conference on Technology Innovation and Industry Development(2010年技术创新与产业发展国际研讨会)
烟台
英文
863-867
2010-09-17（万方平台首次上网日期，不代表论文的发表时间）