| Z H E N G L i a n s h e n g a n d Z H A N G M i n g.[J].国际安全研究(英文版),2016,2(2): |
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| Reform of International Monetary System andConstruction of Global Monetary SecurityMechanism: Connections and Problems |
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| DOI： |
| 中文关键词: |
| 英文关键词: international monetary system, global fi nancial safety, internal connection |
| 基金项目: |
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| 中文摘要: |
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| 英文摘要: |
| The international monetary system is the basis to establishing a
comprehensive global financial safety mechanism. To understand the internal
connections between the reform of the international monetary system and the global
safety mechanism has important policy implications. The reform of the international
monetary system and the construction of the global safety network are inherently
related to each other. Risk management and crisis response are the functions of
the international monetary system and serve to ensure the safety of the global
fi nancial system; liquidity management and international exchange rate coordination
are conducive to the maintenance of the stability of the global financial system.
International exchange rate coordination, the control of spillover effect of US monetary
policies and the reform of governance structures of the international monetary system
contribute to global fi nancial safety. However, the reform of the international monetary
system and the establishment of the global fi nancial safety mechanism are faced with
problems such as Triffin Dilemma, the technical shortcomings of global financial
system, the ill coordination of global and regional fi nancial security network and the
growing number of political issues involved. In order to build a sound global fi nancial
safety system, cooperation should be enhanced in the following fi ve aspects: to promote
the reform of the Bretton Woods institutions; to build the global financial safety
network; to establish the liquidity management system; to facilitate the construction of
the super sovereign currency; and to deepen regional monetary cooperation. |
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