Author(s): Kou Nan
Pages: 72-75
Year: 2014 Issue:  3
Journal: Journal of Hebei University of Economics ans Trade(Comprehensive Edition)
Keyword:  currency swap network; the international monetary system; economic governance framework; subprime crisis; currency swap agreement; the international reserve currency; global trade dominant right; the federal reserve board;
Abstract: The international currency swap is the important financial instruments which central banks between the two coun-tries carry out the international financial cooperation,and manage liquidity. In response to the current international financial crisis,multiple international currency swap network formed world-wide,at time of enhancing market confidence and providing liquidity support and resolving the financial crisis,the international reserve currency swap network centered on the fed,the central banks of major developed economies participating in is gradually formed. China should accelerate to establish currency swap network dominated by China,actively promote international trade and investment negotiations,improve the quality of e-conomic growth,and improve China's economic status.