Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B & R) Initiative - American Journal of Industrial and Business Management

AJIBM > Vol.8 No.3, March 2018

American Journal of Industrial and Business Management

Volume 8, Issue 3 (March 2018)

ISSN Print: 2164-5167 ISSN Online: 2164-5175

Google-based Impact Factor: 2.08 Citations

Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B & R) Initiative ()

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Download as PDF (Size: 1154KB) PP. 667-685

DOI: 10.4236/ajibm.2018.83045 2,982 Downloads 6,678 Views Citations

Author(s)

Siqi Xia

Affiliation(s)

School of Economics, Jinan University, Guangzhou, China.

ABSTRACT

The continuous improvement of international status, financial marketization and openness, and the deepening of regional cooperation have greatly promoted RMB internationalization. This paper analyzes the current situation and impact of RMB internationalization, and then basing on the new factors including the economic mechanism, investment and trade factors, the exchange rate system and the historical inertia of the currency, it explores a new path selection from regionalization to internationalization. Finally, some suggestions suitable for China’s national conditions under the Belt and Road initiative are put forward, such as speeding up the construction of domestic financial markets and international financial centers, strengthening trade with neighboring countries, making effective use of the AIIB platform and establishing a worldwide banking system.

KEYWORDS

“The Belt and Road” Initiative, RMB Regionalization, RMB Internationalization

Share and Cite:

Xia, S. (2018) Path Selection of Renminbi (RMB) Internationalization under “The Belt and Road” (B & R) Initiative. American Journal of Industrial and Business Management, 8, 667-685. doi: 10.4236/ajibm.2018.83045.

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