bet365 best casino games The international monetary system centered on the US dollar as a hegemony system has inherent instability，and the international monetary system has not been able to form a real diversified pattern。Through the theory of stability of hegemony、Criticism of the theory of the average potential theory and the theory of international monetary power，Combined with the qualitative and quantitative analysis of international financial theory，Starting from the perspective of the impact of US government debt pressure and US dollar international credit, research，It can be found that there is a peace in the international currency system change、Graduated market evolution path。Under market conditions，The continuous worsening public debt of the U.S. government has become one of the important factors that lead to the decline in international credit decline in the US dollar，and the continuous rise of the US dollar international credit decline and other international currencies will promote the official reduction of US Treasury bonds、Reduce the US dollar reserve，This causes the increase in interest rates in US medium and long -term Treasury bonds、Increased fiscal pressure，Finally, the international monetary system from the hegemony to multiple self -enhancement cycles。Scenic simulation shows the potential impact of U.S. debt reduction under market conditions and the dynamic path of its diversification of the international currency system。

　Keywords:U.S. debt reduction holding the currency international currency system US dollar hegemony

　　AuthorLiu Dongmin，Associate Professor of the School of Applied Economics of the University of China (Beijing 102488); Song Shuang，Assistant researcher at the Institute of World Economic and Political Research Institute of the Chinese Academy of Social Sciences (Beijing 100732)。