The reform should also allow for a mechanism for countries to exchange their current dollar (and euro, yen, and pound) assets for SDRs, thus avoiding the disruptions that could be generated by the transition to the new system. As Fred Bergsten has reminded us, the mechanism is already available in the form of the “substitution account” that was negotiated in the IMF in 1980.
国际储备体系改革也应该考虑建立一个可以使各国将其当前的美元（以及欧元、日元和英镑）资产兑换成特别提款权的机制，从而避免在过渡到新体系过程中可能出现的混乱。正如弗雷德·伯格斯坦提醒我们的那样，这一机制已经以1980年国际货币基金组织谈判过的“替换账户”的形式存在了。