The Stability Analysis Of Petro-currency System According To "New Triffin Dilemma"

As the most important part of international trade, the counting currency of petroleum trade is always using US dollar because of the hegemony role of Dollar in international monetary system. But"Triffin Dilemma"that emerges from Bretton Woods has revealed the high risk of using single national currency as international currency, which caused the collapse of Bretton Woods. Some evidences show that, the Petrodollar system has also appeared the contradiction like"Triffin Dilemma"in recent years, and in the meanwhile, the Euro gains more and more favor because of its'good performance. So there are more and more voices and behaviors the Euro taking place of the Dollar as the counting currency of petroleum trade.Starting from the history of petrodollar system, this paper researches the influence of"New Triffin Dilemma"upon the petro-currency system in the new international condition, and reveals the develop trend of this system. It also analyses the practical possibility of this trend through game theory and mathematical model. At last, this paper gives some advices according to our country's reality, such as deepening our policy reformation in foreign exchange reserve and so on.