美元霸权困境与国际货币体系重构

Group 1 - The article discusses the challenges faced by the dollar system due to the spillover effects of the Federal Reserve's monetary policy, the weaponization of the dollar, and significant changes in the global economic landscape [1][2][8] - The Milan Report proposes the "Mar-a-Lago Accord" as a strategy for the U.S. to reshape the global economic order through dollar depreciation, debt restructuring, and trade confrontation [2][4] - The dollar's status as the dominant reserve currency is linked to U.S. financial control, which is maintained through military alliances and economic strategies [3][6] Group 2 - The dollar's financial control manifests in three key areas: international pricing power, financial sanctions, and crisis transfer [4][5] - The U.S. has leveraged its financial control to impose sanctions, as seen in the Ukraine crisis, which has raised concerns about the safety of dollar assets and accelerated the process of "de-dollarization" [10][11] - The "Triffin Dilemma" poses a structural challenge to the dollar system, where the need for liquidity through U.S. deficits undermines the dollar's credibility [7][12] Group 3 - The article highlights the impact of the dollar's hegemony on global financial stability, emphasizing that the current U.S. policies may exacerbate internal contradictions within the dollar system [8][9] - The spillover effects of the Federal Reserve's monetary policy have led to global financial cycles, with significant repercussions for emerging markets [9] - The weaponization of the dollar has contributed to the fragmentation of the global financial system, prompting countries to seek alternative payment mechanisms [10][11] Group 4 - The article suggests that the U.S. strategy of "debt monetization" could undermine global financial stability, as proposed in the Milan Report [12][13] - The potential implementation of long-term zero-coupon bonds could lead to a loss of confidence in U.S. Treasury securities, impacting global markets [12][13] - The need for a diversified international monetary system is emphasized, with recommendations for enhancing the use of the renminbi in global trade [13][14] Group 5 - The article advocates for the construction of a new international monetary order based on the concept of a "community of shared future for mankind," promoting cooperation among countries [16] - It highlights the importance of regional financial cooperation and the establishment of a multilateral currency settlement system to reduce reliance on third-party currencies [16] - The development of a digital currency payment system is seen as a crucial step towards reforming the international payment system and enhancing the renminbi's role [15][16]