关键词: 人民币 , 国际化 , 区域接受程度 , 货币替代

Abstract: To reform the international monetary system and promote the process of dedollarize gradually have become the consensuses of the international community after the financial crisis Let RMB realize its surrounding and region usage is an important stage in the process of internationalization of the RMB, and it is also of significance to establish the monitoring index system of RMB regional acceptance degree Based upon the analysis of the RMB usage in ASEAN and Hong Kong, this article proposes the building framework of the RMB regional acceptance degree index, and analyzes impact factors by the econometric tools The empirical results show that: (1) Fueled by both policypromotion and market demand, the RMB acceptance degree in ASEAN will get a continuous promotion in the future, however, it remains very uncertain because of the economic and political factors in the short term; (2) Affected by policypromotion, smaller deposits and depreciation expectation, RMB trade acceptance degree get a faster promotion than Financial acceptance degree in Hong Kong, and it will be good for improving the RMB acceptance degree to improve the proportion of RMB deposits; (3) The economic situation of Hong Kong has a higher influence on the RMB acceptance degree than the mainland, which Reflects that the currency internationalization is a marketspontaneousselecting process; (4) The currency substitution has an effect on the performance of bilateral monetary policy, as a result, Hong Kongs inflation, interest rates and the level of inflation in mainland will be influenced by the reverse impact of Hong Kongs RMB acceptance degree

Key words: RMB , internationalization , regional acceptance degree , currency substitution