G20 Ac的ademic Guide.pptVIP

Africa South Africa Oceania Australia 1990’s Asia financial crisis 2008 global financial crisis Working Paper Formula Sponsors: Signatories: Joint Communiqué Formula Introduction Consensus Prospect Academic Guide The Quantitative-easing Currency Policy of the United States and Yuan’s appreciation European Debt Crisis and the role of the EU The role of developed and developing countries in global economy recovery The reform of financial institutions in the post-crisis era The Quantitative-easing Currency Policy of the United States and Yuan’s appreciation Sample questions: What are the basic positions of both sides? How and to what extent will the currency policies of the two nations influence other nations and the global economy? Is dollar-centric international currency system still effective? Will the internationalization of other currencies( for example, Yuan) or a more variety of international currency system be a better choice? US: China should accelerate the appreciation process and give the market itself more strength in determining the real exchange rate of its currency. China: currency policy is an integrated part of our sovereignty issue and the national situation determines the methods we take. The economic development of China is rapid but unstable, therefore government intervention in macroeconomic control is very significant. US: Yuan has appreciated, but the step could be faster. China needs to transform its economic development pattern and affords a greater responsibility in international stage while appreciation is such a stepping-stone. China: we have demonstrated much commitment to a more flexible, elastic currency policy and also, have realized the necessity to transform our economic development pattern. However, it takes time to change and considering the domestic factors, we believe that it is unwise to simply appreciate the currency overnight or within a short period of time. China: the second round of US Quantitative-e