bet365 best casino games The international monetary system centered on the 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 balance of potential and the theory of international monetary power，Based on 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 aggravation of public debt in the US 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 will cause the interest rate of US medium and long -term government bonds to rise、Increased fiscal pressure，Finally, a self -enhanced cycle of self -enhancement of the international monetary system from hegemony to diversified。Situation simulation shows the potential impact of U.S. debt reduction under the 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)。