America's "Nuclear Strategy" in Finance Based on the Hegemony of the US Dollar and China's Countermeasure
HUA Min LIU Jia WU Hua-li(Institute of World Economy, Fudan University, Shanghai 200433, China)
After the disintegration of the Bretton Woods System, the US dollar has gradually become the standard currency of the world. The US has been taking advantage of the hegemony of the US dollar for a long time through the implementation of expansionary macroeconomic policies, while the rest of the world have to share the costs. In order to maintain and enhance the power of its currency, the US has successfully struck some of its potential rivals in the past a few decades. And recently, the US is turning its target to China for its fast growing economy. To fight against America's financial strategy, China should return to fixed exchange rate system, adjust tax rates, and be prudent in financial liberalization.
【CateGory Index】： D871.2