Financial Engineering Perspective, A New International Monetary System Is Constructed

International Monetary System is an important component of international economy relations, consisting of international system of foreign exchange rates, international reserve system and international regulatory system of revenue and expenditures. In recent years, the frequently happened financial crises happened more and more frequently, which indicated the internal shortcomings of international monetary system in many sides. So the need for the reform of old international monetary system becomes urgent.Financial engineering is a new financial technology of solving financial problems through engineering methods and innovative thoughts which developed very quickly and used widely recently both in microcosmic and macroscopically financial fields. In coping with international financial problems, financial engineering has its own operation principle and method--- to probe, analyze, design new"goods", make it a system and to test it in reality.The main array of the article is to apply financial engineering method, to abide by its operation principles, to analyze its status quo and weakness, thereafter to find the key problems and the direction to arrive.Thus, to apply the means of financial engineering to design new"goods"and make it a system and finally raising out a new international monetary system structure in reality. Then through the real need of east Asia monetary cooperation to testify the scheme and to propose a new solution more direct to and suitable for the reality――"parallel-promoted Three-Gradation Model of Monetary Cooperation".