Improve the international monetary system, improve the reserve currency issuing regulatory regime and maintain relative stability of exchange rates of major reserve currencies.
应完善国际货币体系,健全储备货币发行调控机制,保持主要储备货币汇率相对稳定。
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Besides, it also gives optimal testable strategy and predicts that it is very possible for monetary dominant Ricardian regime to be direction of second institutional reform in China.
On the traditional meaning, exchange rate regime is a series of arrangements and regulations on how to determine the level and the pattern of the exchange rate by the monetary authorities.