A Study on the Impact of Financial Development on the RMB Settlement of Cross-Border Trade

摘要

With the continuous progress of China's financial reform, financial development has been deepened, providing a good environmental basis for the internationalization of the RMB. According to the theory of currency choice in international settlement, financial development is one of the important factors affecting the choice of international currency. This article will focus on the financial perspective, pointing out the way that financial development aff ects RMB settlement of cross-border trade, and VEC empirical model is used to verify the promoting effect of financial development on RMB settlement of cross-border trade.