Research on Currency Choice for Trade Settlement Under the Background of RMB Internationalization——Behavioral Analysis of 608 Foreign-Related Microeconomic Entities
The"14th Five-Year Plan"proposes to"prudently promote the internationalization of the RMB,adhere to market-driven principles and enterprises'independent choices,and create a new mutually beneficial cooperation relationship based on the free use of the RMB."This study focuses on enterprises'independent choices,analyzes the decision-making behavior of microeconomic entities in pricing and settling currencies,and their influencing factors.Based on behavioral and factor analysis,the main objective of this study is to align microeconomic decision-making behavior with the goal of RMB internationalization by creating favorable environmental factors that drive microeconomic entities to choose RMB settlement.
RMB InternationalizationCurrency Choice for Settlement BehaviorVAR Model