新形势下国际汇率监督制度的演变方向  

The Evolution of the International Surveillance System of Exchange Rates and the Implication of Subprime Crisis

作　　者：詹才锋[1] 

机构地区：[1]西南政法大学,重庆400031

出　　处：《上海金融》2009年第4期59-64,共6页Shanghai Finance

摘　　要：布雷顿森林体系的瓦解,使IMF对成员国的监督目标从保持汇率的稳定转换到维护汇率体系的稳定,为此IMF执行董事会《1977年决定》对国际汇率制度进行监督。鉴于自1977年以来世界经济和金融体系发生的重大变化,IMF通过了《2007年决定》对IMF的汇率监督制度进行修改。新决定将外部稳定原则作为双边监督的组织原则,反映了由监督汇率体系的稳定进一步深入到反映汇率体系外部稳定的监督新方向。次贷危机所带来的全球经济危机使得汇率监督的重点进一步转移到最能影响外部稳定的发达国家的金融市场及其相关政策方面,并通过国际金融合作来增强IMF汇率监督的效力。The premier goal of IMF surveillance is to maintain the operation of currency exchange under the Bretton Woods System （BWS）. After the collapse of BWS, most countries adopted floating exchange system. Therefore IMF＇s surveillance switches to secure a stable system of exchange rates. With this change, IMF adopted 1977 deci- sion on surveillance of exchange policies to regulate exchange rates and international monetary system. Since then, world economy experienced dramatic changes under which 2007 decision on bilateral surveillance of exchange rates was passed. The new decision put the principle of external stability as guiding principle. This reflects the new direc- tion of surveillance, especially in the period of the global meltdown intrigued by American＇s subprime crisis.

关 键 词：汇率监督 1977/2007决定 外部稳定原则 次贷危机 

分 类 号：F830[经济管理—金融学]