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ECONOMIC GLOBALIZATION AND NEW TRIFFIN PARADOX

CHEN Zhi-ang(School of Finance, Zhejiang Business University, Hangzhou 310035, China)  
The nowadays worldwide imbalance of payment is in some sense the Triffin paradox. Based on the terms to stable system, from the perspectives of market competitive structures of key moneys, effectiveness of exchange rate adjustment, international cooperation mechanisms, wealth effects under the financial globalization, and financial weakness of developing countries. In order to solve the imbalance of payment, the first thing is to solve the twin deficit of developed countries, especially USA, change the asymmetrical international monetary system, establish the international cooperation mechanisms, and reduce the welfare loss of developing countries.
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