Internationalization of RMB and Chinas Foreign Economic Policies: Risk Control and Realization Path
The US subprime mortgage crisis in 2007 catalyzed the initiation of the RMB internationalization process.Today, with the rapid development of RMB internationalization, Chinas foreign economic policies are undergoing structural changes.This paper analyses the particularity of RMB internationalization at current stage;and discusses the potential policy constraints brought out by internationalization of RMB on Chinas foreign economic policies----the RMB exchange rate system, monetary policy and her capital account openness.Then it concludes with policy recommendations.In order to benefit the macro financial risks controls, China should reform her foreign economic policies and develop her domestic financial market.
RMB internationalization policy constraints macro financial risks control foreign economic policies
LI Li
School of Business, Beijing Language and Culture University, Beijing, China, 100083
国际会议
日本
英文
186-192
2017-07-01(万方平台首次上网日期,不代表论文的发表时间)