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- W2366925689 abstract "The eruption of global financial crisis in 2008 propelled the emerging economies represented by China to try to internationalize their home currencies.What relationship it would be between the strategy of free trade area and the RMB regionalization This paper chooses the China-ASEAN Free Trade Area(CAFTA) as research subject to analyze to what degree the CAFTA’S trade scale and trade structure would support the RMB’ s regionalization,based on the fact of RMB’s circulation beyond the borders and the tendency of its development.Three main conclusions have been reached:(i) the international trade scale of China positively supports the RMB’s regionalization,but it’s a mixed blessing for the international trade structure;(ii) the trade payment and clearing facility function of RMB in international transaction constitute the foundation of its realization to be regionally used,or RMB’ s regionalization would lack the absolutely necessary real economy basis;(iii) China’ s trade deficit to ASEAN do promote the RMB’ s regionalization to some degree.Finally,we emphasize the importance to make polices to make better use of the FTA strategy to speed up the process to regionalize the RMB." @default.
- W2366925689 created "2016-06-24" @default.
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- W2366925689 date "2013-01-01" @default.
- W2366925689 modified "2023-09-24" @default.
- W2366925689 title "The Strategic Speedingp-up of RMB Regionalization in Free Trade Area:An Empirical Study based on CAFTA" @default.
- W2366925689 hasPublicationYear "2013" @default.
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