Study on Relationship of the RMB Internationalization, Cross-border Trade Settlement and Capital Account Liberalization

DOI

10.2991/emtc-14.2014.90How to use a DOI?

Keywords

RMB internationalization, cross-border trade settlement, capital account liberalization

Abstract

With the fast development of economic globalization, RMB internationalization is becoming a major issue .Since 2009 The State Council announced the policy of RMB settlement of cross-border trade, RMB internationalization has achieved a substantive stage of development. When we analyze the cross-border RMB settlement and RMB internationalization, we should also research on the issue of liberalization the capital account. This paper describes the situation of the RMB international, cross-boarder trade settlement and capital account liberalization, combined with relevant theoretical research, which seeks to draw the interaction mechanism among the three. Finally, this paper provides suggestions and measures about how to expand the cross-border trade RMB settlement, open capital account sequentially and promote RMB internationalization.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Wang Jia
AU  - Huo Wei-Dong
PY  - 2014/04
DA  - 2014/04
TI  - Study on Relationship of the RMB Internationalization, Cross-border Trade Settlement and Capital Account Liberalization
BT  - Proceedings of the 2014 International Conference on Economic Management and Trade Cooperation
PB  - Atlantis Press
SP  - 534
EP  - 539
SN  - 1951-6851
UR  - https://doi.org/10.2991/emtc-14.2014.90
DO  - 10.2991/emtc-14.2014.90
ID  - Jia2014/04
ER  -