国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

chinadaily.com.cn
left corner left corner
China Daily Website

China could help restore monetary system: Mundell

Updated: 2012-11-14 22:08
( 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 ( PolyU)'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 (DEY) 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.

 
...
...
...
岳西县| 澄江县| 达日县| 商南县| 修文县| 泰和县| 丹东市| 榆中县| 建始县| 长宁区| 吴旗县| 临颍县| 磐石市| 西乌| 湛江市| 勃利县| 皮山县| 博爱县| 手游| 安阳市| 乌兰浩特市| 长兴县| 广河县| 江西省| 聂荣县| 灌云县| 洪雅县| 五原县| 平江县| 宕昌县| 浦东新区| 石阡县| 廊坊市| 沂水县| 乡城县| 报价| 安庆市| 迭部县| 额尔古纳市| 灵山县| 舟曲县|