The International Cooperation of Macroeconomic Policy and Reform in International Currency System

The development of economic globalization needs the international cooperation of macroeconomic policy in the regional or global scope.And this kind of cooperation is developing from the level of enterprises to the level of government.The economic or financial supervision,the enhancement of the openness of related system,policy laws and regulations,and the establishment of risk mechanism is the focus of this kind of cooperation.Once there is the economic or financial crisis existing,its focus should be how to cooperate with each other to cope with the crisis.At the same time,reform in the international currency system should take reforming the traditional structure of decision-making,promoting the internationalized supervision,determining the fundamental standard money for international reserve and establishing emergency response team as the main contents and improve the power to say for developing countries to reflect the new arrangement of world economic development.