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The inteational monetary system is the basis to establishing a comprehensive global financial safety mechanism.To understand the inteal connections between the reform of the inteational monetary system and the global safety mechanism has important policy implications.The reform of the inteational monetary system and the construction of the global safety network are inherently related to each other.Risk management and crisis response are the functions of the inteational monetary system and serve to ensure the safety of the global financial system;liquidity management and inteational exchange rate coordination are conducive to the maintenance of the stability of the global financial system.Inteational exchange rate coordination,the control of spillover effect of US monetary policies and the reform of goveance structures of the inteational monetary system contribute to global financial safety.However,the reform of the inteational monetary system and the establishment of the global financial safety mechanism are faced with problems such as Triffin Dilemma,the technical shortcomings of global financial system,the ill coordination of global and regional financial security network and the growing number of political issues involved.In order to build a sound global financial safety system,cooperation should be enhanced in the following five aspects:to promote the reform of the Bretton Woods institutions;to build the global financial safety network;to establish the liquidity management system;to facilitate the construction of the super sovereign currency;and to deepen regional monetary cooperation.