The reform and development of the international monetary system is the main content of the current r

Legal analysis: The main background is the establishment of the Bretton Woods system, the replacement of the pound by the US dollar, and a very important point is the collapse of the standard, the bankers, the wanton depreciation and appreciation of the currency, resulting in a series of financial problems.

Legal basis: "Measures of the People's Republic of China for the Administration of the Entry and Exit of the National Currency" Article 6 Anyone who transports, carries, or carries the national currency into or out of the country in the mail in violation of national regulations, Changshen shall be dealt with by the relevant state departments in accordance with the law; Where the circumstances are serious and constitute a crime, the judicial organs are to pursue criminal responsibility in accordance with law.

1. How to continue to promote the effective reform of the international monetary system.

Dear, I am very happy to answer for you, the effective reform of the international monetary system requires multi-party cooperation and joint efforts. Here are some recommendations that may help advance the reform of the international monetary system:1

Increase the transparency and impartiality of the international monetary system to ensure that all member countries are treated fairly. 2.Promote the coordination and regulation of the international monetary system through international institutions such as the International Monetary Organization** and the World Bank.

3.Promote the diversification of the international monetary system and reduce the monopoly of a single currency to reduce the instability of the global economic system. 4.

Promote the participation and contribution of emerging market economies to ensure the representativeness and inclusiveness of the international monetary system. 5.Promote the use of digital currencies to improve the efficiency and convenience of the international monetary system.

6.Strengthen the capacity of the international monetary system to respond to the challenges of global economic and financial risks.

Internationalization of the renminbi.

Its role in advancing the reform of the international monetary system is as follows:

1. The choice of reserve currency. At present, the US dollar is the world's main reserve currency, the euro.

British pound, Japanese yen.

**, Special Drawing Rights as a supplementary force;

2. Exchange rate system and balance of payments.

of regulation. Most countries have a floating exchange rate system or an exchange rate system pegged to the US dollar;

3. Arrangements for international payments and cross-border flow of funds. The capital accounts of most countries are gradually opening up, and cross-border capital flows are frequent.

4. Coordination mechanism related to international monetary and financial affairs. Through communication and dialogue, countries adopt self-help measures such as currency swaps and liquidity arrangements to maintain financial stability;

5. Provide new impetus for Asian monetary integration;

6. It will help achieve global financial stability through currency competition.

The internationalization of the renminbi refers to the process by which the renminbi can cross national borders and circulate abroad, becoming an internationally recognized denomination, settlement and reserve currency. Although the current overseas circulation of the renminbi does not mean that the renminbi has been internationalized, the expansion of the overseas circulation of the renminbi will eventually lead to the internationalization of the renminbi and make it a world currency.

For the development of RMB internationalization, the City of London.

Ye Yalun said that the current development momentum is good. The internationalization of a country's currency requires a high degree of purposeful policy orientation and policy feasibility. In these two aspects, China has done a very good job in promoting the internationalization of the renminbi. RMB cross-border model payment system.

It has already started operation, which is another major step in the development of RMB internationalization.

The international monetary system is an organizational form of international currency circulation. In order to solve the needs of international monetary problems such as international payment means and international reserve assets in international settlements, countries have formed an international monetary system for a complete set of system principles, regulations, methods and institutions that involve all aspects of international currency circulation, including currency exchange and exchange rate formulation, balance of payments adjustment, international settlement system, international reserve system, international monetary relations, international financial markets, etc., spontaneously or through consultation and negotiation in the international scope.

The international monetary system includes the international gold standard, the Bretton Woods system, and the Jamaican system.

1. The international gold standard.

The international gold standard system is an international monetary system that uses ** as the international reserve currency or international standard currency. The world's first international monetary system was the international gold standard, which took shape around the end of 1880 and ended in 1914 with the outbreak of World War I. Under the gold standard, ** has all the functions of money, that is, the measure of value, the means of circulation, the means of storage, the means of payment, and the world currency.

Britain, as the world's first developed capitalist country, adopted the gold standard around 1821. In the 70s of the 19th century, some major countries in Europe and the Americas successively implemented the gold standard system in their countries, and the international gold standard system was roughly formed.

2. The Bretton Woods system.

The Bretton Woods monetary system refers to the international monetary system centered on the U.S. dollar after World War II. In July 1944, representatives of major Western countries established the system at the United Nations International Monetary and Financial Conference, which was called the "Bretton Woods System" because the conference was held in Bretton Woods, New Hampshire, USA.

As a supplement to the Bretton Woods Conference in 1944, the GATT, together with the agreements adopted at the Bretton Woods Conference, is collectively known as the "Bretton Woods system", that is, the multilateral economic system with foreign exchange liberalization, capital liberalization and liberalization as the main contents, which constitutes the core content of the capitalist bloc.

The establishment of the Bretton Woods system promoted the recovery and development of the post-war capitalist world economy. Due to the frequent outbreaks of the dollar crisis and the U.S. economic crisis, as well as the inextricable contradiction of the system itself, the system was declared closed by Nixon on August 15, 1971.

3. Jamaican system.

The International Monetary Fund (IMF) established a special committee in July 1972 to study the reform of the international monetary system. In June 1974, the Committee put forward a "Outline for the Reform of the International Monetary System", which put forward some original or macro proposals on issues such as the exchange rate, reserve assets, and balance of payments adjustment, which laid the foundation for future monetary reform.

Until January 1976, the International Monetary Organization (IMF) Board of Governors "International Monetary System Provisional Commission Calendar" held a meeting in Kingston, the capital of Jamaica, to discuss the terms of the International Monetary Agreement, and after fierce debate, signed the "Jamaica Agreement", and in April of the same year, the Council of the International Monetary Organization adopted the Second Amendment to the IMF Agreement, thus forming a new international monetary system.

1) The international monetary system refers to the sum total of the international monetary order formed by customs, historical evolution and a series of international consultations. It includes the principles, agreements, measures taken and the establishment of international financial organizations on international monetary and financial issues.

2) The development of a modern international monetary system has generally gone through three stages: the international gold standard, the Bretton Woods system, and the Jamaican monetary system.

The international gold standard began with the introduction of the system in major countries around 1870 and ended with the outbreak of the First World War.

The Bretton Woods system began with the Bretton Woods Agreement in 1944 and ended in l973.

The Jamaican monetary system refers to the new pattern of international monetary relations gradually formed after the collapse of the Bretton Woods system, which is marked by the "Jamaica Agreement" reached by the members of the International Monetary Organization in Kingston, the capital of Jamaica in l976, which officially entered into force on April 1, l978.

Answer]: The current international monetary system is the Jamaican system, which was established after the collapse of the Bretton Pei Bench Forest. Contents:

the introduction of a diversified international currency; the adoption of a floating exchange rate system based on free floating; The composition of reserve assets is left to the discretion of each country; The adjustment mechanism of the national balance of the inter-monetary organization** remains unchanged.

View the answer analysis [Correct answer such as the hungry servant] (1) Legalize the existing floating exchange rate system and other floating exchange rate systems.

2) ** Demonetization.

3) Diversification of international reserve assets, and it is recommended to use SDRs as the main reserve assets.

4) Diversification of forms of balance of payments adjustment.

Answer Analysis] This question examines the main content of the Jamaican system. See textbook p330. Limb parsley.

At present, the direction of reform of the international monetary system is the diversification of reserve currencies.

In the international monetary system, during the period of the international gold standard, the pound sterling was the main international reserve of all countries; After the introduction of a fixed exchange rate system centered on the US dollar, the British pound was replaced by the US dollar. However, there is still a new Triffin problem in the current international reserve currency institutional arrangement, that is, there is a conflict between the function of the US dollar as a key international currency and the function of national currency. After the US dollar replaced the British pound to become the main international reserve currency of various countries, affected by the political and economic fluctuations of the United States, a single international reserve currency is not conducive to the stability of the entire international financial system, and the existing international monetary system is generally regarded as a transitional and unsound system that needs to be thoroughly reformed.

The diversification of reserve currencies is an inevitable trend in its development in order to meet the needs of the international community. Due to the shortcomings of asymmetry and unfairness, both holders and issuers of dollar assets are dissatisfied with the current international monetary system. Under the current floating exchange rate system, in addition to the US dollar, the mark, and the yen, the international reserves of various countries also include the British pound, the French franc, the Swiss franc, the Dutch guilder, etc., and a pattern of diversification of reserve currencies has emerged.

The structure of diversified international reserve currencies provides a variety of repayment currencies for the international economy, and gets rid of the excessive dependence on the US dollar under the Bretton Woods system; Diversified exchange rate arrangements meet the needs of diverse countries with different levels of development, and provide flexibility and independence for countries to maintain economic development; The flexible and diverse adjustment mechanism makes the adjustment of the balance of payments more effective and timely.

The advantages of a diversified international monetary system also include providing more choices for market players, which is conducive to risk diversification; Competition and checks and balances can be formed between different reserve currencies, and market discipline can be formed for reserve currency issuers. It can increase the supply of international reserve assets. Therefore, it is inevitable that the replacement of a single reserve currency with a diversified reserve currency is a historical development.