Defects And Reform Of The Current International Monetary System

Adjusting and reforming the International Monetary System and improving theinstitutional framework and operational mechanism of the system is to ensure that thefocus of development of the global financial and economic stability. Actively thedevelopment of China’s healthy economic development, China must activelyparticipate in international monetary reform, in order to strive for a higher position inthe international political and economic order in the next, in order to let the sounddevelopment of the global economy, we must regulate the International MonetarySystem monetary. This article is divided into the following sections:The first chapter analyzes the significance and background of the topics, reviewthe related research of scholars problems and reform the International MonetarySystem, and pointed out that the innovation of the article and inadequacies.The second chapter reviews the historical evolution of the InternationalMonetary System and the status of the International Monetary System, and a basiccomponent of the International Monetary System, analyzes the nature of the existingInternational Monetary System, characteristics. And then on the basis of analysis ofthe relationship between global imbalances and the international financial crisis andthe International Monetary System, and start from the International MonetarySystem-level system.The third chapter analysis the problems and defects in various aspects of theexisting International Monetary System, in order to remove these shortcomings andlack of clear objectives of the reform of the International Monetary System. Thissection, starting from the parts that make up the International Monetary System,research and demonstration of the problems of the International Monetary System todetermine the severity of the defects of the International Monetary System, and thuslaid the foundation for the strict recording of the International Monetary System aswell as specific reform program.The forth chapter comment on the reform of the international reserve currency,the international financial regulatory reform, the international exchange rate system reform program to reform the International Monetary System and the progress of thereform of the International Monetary System, From several aspects, scholars in theInternational Monetary System.The reforms carried out a comprehensive investigation.Start with the international reserve currency system reform program to start the pointof view to build a diversified reserve currency system and the two direction of reformto create a super-sovereign currency system were discussed in detail and comment.Secondly, summed up the domestic scholars to judge the direction in which the futureevolution of the international exchange rate system. For the development ofinternational exchange rate system, the chinese scholars to predict the future directionof development through the historical process of international exchange rate systemand the existing state of differentiated exchange rate regime will remain themainstream of the international exchange rate arrangements in the future for a longperiod of time. Third, reform of international financial institutions, mainly on thereform program, and an overview of domestic scholars for the relevant point of viewof the subprime mortgage crisis began the operation of the functions of the FinancialStability Board, Analysis of the relevant international financial regulatory systemreform point of view.Finally, the paper summarizes the suggestions, from China’s own factors and theproblems faced by, and from China and the external relations, the overall internationaleconomic environment point of view, the two perspectives of the Chinese and globalthe local angle of departure from China’s own analysis on the global point ofdeparture from the overall international economic environment, comprehensive studyof the need for China’s active participation in the reform of the International MonetarySystem.