综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Make me your Homepage
left corner left corner
China Daily Website

China could help 'restore int'l monetary system'

Updated: 2012-11-15 10:30
(Xinhua)

HONG KONG - Robert Mundell, known as the "Father of euro", said in Hong Kong on Wednesday that China could help restore international monetary system, and the stabilization of the dollar-euro exchange rate would help China avoid large problems.

Sharing his views on "Risk Factors in the World Economy and the Exchange Rate System" at the Hong Kong Polytechnic University's 75th Anniversary Conference, Mundell said there are several problems of the present international monetary system, such as no universal unit of account, no international anchor for currency stabilization, wild swings of major exchange rates and wild swings of raw material prices.

He said these problems are all related to structural changes in the international monetary system: the mainstream of the world economy originally represented by the dollar has split into two parts as a result of the rise in importance of the euro.

He called for fixing the dollar-euro exchange rate, saying that as for China, the stabilization of the dollar-euro exchange rate would help China avoid the large problems that arise from instability with other currency areas, particularly the euro area.

Mundell, who won the Nobel Prize in 1999 for research which helped lay the foundation for Europe's single currency, said China could be made a part of the stabilization if it moved toward a convertible currency and cooperated in the adjustment mechanism.

He added that if the yuan were made convertible, a new and larger monetary area could be created side by side with the dollar and euro. This would require a collective monetary policy based on monetary stability of the Dollar-Euro-Yuan Area.

The Columbia University professor said within a few years if not today, the DEY area would encompass half the world's output. "The DEY could become the central pivot for a restored international monetary system."

Themed "Stabilizing the World Economy", the conference is one of the major celebratory events of PolyU's 75th Anniversary, addressing some of the pressing issues which have implications for the stabilization of the world economy, including the recovery of major economies and emerging markets, the impacts of the European debt crisis, the problems and solutions of having an Asian currency, and the role of the world currency system.

In recognition of Mundell's significant contribution, he was conferred the Honorary Degree of Doctor of Business Administration by PolyU in 2009.

 
 
...
安龙县| 大兴区| 吉林市| 沂水县| 湘乡市| 永寿县| 政和县| 招远市| 响水县| 讷河市| 开远市| 瓦房店市| 广饶县| 巴林左旗| 清河县| 开封市| 湖州市| 淮阳县| 平南县| 宁德市| 南宫市| 江油市| 承德市| 马公市| 永胜县| 朝阳县| 嘉峪关市| 陇南市| 稷山县| 丹巴县| 通道| 江都市| 鄢陵县| 四川省| 西宁市| 绥江县| 东方市| 奉化市| 安乡县| 丘北县| 布拖县|