Journal of East China Normal University (Philosoph ›› 2012, Vol. 44 ›› Issue (6): 109-115.

• 经济金融 • Previous Articles     Next Articles

The Change of the Global Financial Structure Strength in the Post--crisis Era

YUE Hua   

  • Online:2012-11-15 Published:2012-11-20
  • Contact: YUE Hua
  • About author: YUE Hua

Abstract: The financial crisis erupted in 2008 has not only dragged the world’s economy into a recession but also caused the global financial structure strength under the Dollar--Wall Street regime to begin to change. There are some factors which influence the change of the global financial structure strength, such as the prevailing of hegemonism, the social allocation of capital, the role of credit rating and public opinion supervision in globalization, etc. The contest of the global financial structure strength often happened between the US and Europe. However, the crisis in 2008 offered an opportunity for the emerging market countries to become powerful. Henceforth, the situation that US dollar dominated the world has been changed. Although Euro “challenges” US dollar, it is tested by European debt crisis. Only the emerging market countries with strong economic growth have won more discourse power in the negotiation of building new international financial order. China should accelerate RMB’s internationalization and gain dominance in the international financial competition.

Key words: crisis, global financial structure strength, change