鉴于新兴市场经济体的经济分量上升,它们和发达国家的汇率管理政策都可能在国际上产生巨大影响。为防止出现“以邻为壑”的汇率政策,有必要构建良好的国际政策合作框架。在当前全球经济形势下,新兴市场经济体面临着两大挑战:一是如何适应潜在增长率下降的事实,二是如何应对美国利率正常化对自身经济的潜在冲击。国际货币基金组织(IMF)在2013年10月发表的《世界经济展望》(World Economic Outlook)报告中,为新兴市 Given the rising economic weight of emerging market economies, both their exchange rate regime and developed country policies may have a huge international impact. In order to prevent the emergence of “neighborly” exchange rate policy, it is necessary to establish a good international cooperation framework for policy. Under the current global economic situation, emerging market economies face two major challenges: First, how to adapt to the fact that the potential growth rate is declining, and secondly, how to deal with the potential impact on the economy of the normalization of US interest rates. In its October 2013 report, World Economic Outlook, the International Monetary Fund (IMF)