国际货币体系缓慢变革下的人民币国际化77490(国外英语资料).docVIP

国际货币体系缓慢变革下的人民币国际化77490(国外英语资料) Internationalization of RMB under the slow change of international monetary system Author: Xia Bin Changes in the international monetary system are A slow, long process Since the collapse of the Bretton Woods system, with the relative changes in the overall national strength of the United States, the dominant position of the US dollar in the international monetary system has experienced ups and downs in the twentieth Century, 70s and 80s and the late 90s. After entering twenty-first Century, with the further integration of the global economy, emerging market countries position in the international economy gradually, in dollar dominated international monetary system more and more shows its inadaptability. The United States in 2008, the outbreak of the financial crisis, further exposed the fatal flaw of the system: $issue of lack of effective constraints, the international monetary system lack the necessary coordination mechanism, namely, since 2001, the United States long-term error of low interest rate policy, through the expansion of credit, stimulate the rise in asset prices, so as to promote the economic prosperity of the other once; have a lot of cheap labor, resources and other leading export countries, in the enjoyment of the benefits of globalisation, the pursuit of profit and ignore the structure itself, the objective is not consciously boosted U.S. wrong policy long-term implementation, caused the global economic imbalances, the outbreak of the crisis. The United States government policy mistakes can long-term implementation, while other countries can not imitate, its profound system as the dollar dominated the international monetary system, and the world of international reserve currency issuing lack of binding. Therefore, an important part of managing global imbalances under the G20 framework is to draw lessons from the lessons of the crisis and reform the international monetary system. But at the same time, the world need