Notice of RetractionA study on the course of East Asian financial cooperation and the way to RMB internationalization

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Since the global financial crisis, different levels of liquidity rescue facilities in East Asia have been strengthened and demonstrated a new trend. The developing trend will have profound effect on the monetary and financial cooperation process in East Asia. China must take active part in the process of regional financial cooperation and promote capital account convertibility of RMB, through which China can promote the RMB regionalization and internationalization. The author analyzes the favorable conditions for the internationalization of RMB, and through learning from some other countries´ currency internationalization theories and models summary, the suggestions have been raised to realize RMB internationalization step by step. At the same time, to become an international currency RMB is still only in the early stage.