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文章摘要
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):
Reform of International Monetary System andConstruction of Global Monetary SecurityMechanism: Connections and Problems
  
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中文关键词: 
英文关键词: international monetary system, global fi nancial safety, internal connection
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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  
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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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