4month11日, the w88 casino of International Economics and w88 of the w88 casino held an academic forum titled "Super-Sovereign Currency, How Far Can It Go?"
According to reports, the theme of this forum is based on the recent speech by Zhou Xiaochuan, Governor of the People’s Bank of ChinaG20An in-depth analysis of the idea of a “super-sovereign reserve currency” put forward during the summit. Researcher Gao Haihong, deputy director of the International Finance Research Center of the Chinese Academy of Social Sciences, and chief representative of The Economist Group in ChinaXu SitaoMr., UKAspect CapitalGlobal Strategy Researcher of Fund Management CompanyXia WeiPh.D., Vice President of the w88 casinoLin GuijunThe professor delivered keynote speeches and answered questions from the audience. Dean of the w88 casino of International Economics and w88, w88 casinoZhao ZhongxiuThe professor serves as the moderator of this forum.
In his speech, researcher Gao Haihong mainly answered three questions: what is a super-sovereign currency, what are the advantages and disadvantages of a sovereign currency system, and what choices does China have under the current situation? He pointed out that a super-sovereign currency is a currency that is decoupled from the sovereign country and can maintain long-term currency value stability. International reserve currency; super-sovereign currency. As an initiative, the most important message it currently conveys is that the current U.S. dollar standard guaranteed by the national credit of the United States is unsustainable; and as China, one of the largest holders of U.S. Treasury bonds, we have to choose between a super-sovereign currency, regional currency cooperation and the international use of the renminbi. Finally, researcher Gao Haihong came to his own conclusion: How far a super-sovereign currency can go depends on how big China will grow in a financial system dominated by the United States.
Then,Xu SitaoIn his speech, Mr. analyzed the pros and cons of the US dollar as an international reserve currency. When the topic turned to super-sovereign currencies, he looked for an "anchor" for super-sovereign currencies and analyzed the feasibility of super-sovereign currencies. Finally, he talked about the success or failure of the euro and the reform of the exchange rate system under China's high savings.Xu8612_8645
Xia WeiThe doctor introduced the relationship between modern economic development and world money supply, analyzed the contradiction between two types of growth, namely exponential and linear growth, and pointed out that money supply should match the money demand required for economic growth. At the same time, we should actively create wealth so that wealth growth is no longer restricted by physical currency. He believes that the formation of a world reserve currency is not self-proclaimed. It is essentially a contest between national interests and comprehensive national strength. For now, super-sovereign currencies do not yet have the conditions for development.
Finally, the vice president of the w88 casinoLin GuijunProfessor gave a lecture entitled "Reform of global currency reserve"'s speech explained to the audience in detail the reasons for the accumulation of my country's foreign exchange reserves and the disadvantages of foreign exchange mismatch. He believed that in the face of the financial crisis, the most important thing is to strengthen our country's construction. Our country should focus on solving the mismatch problem, reduce excessive savings, implement financial system reforms, and correct inappropriate exchange rate and monetary policies.
After the speech, the four guests answered questions from the audience and exchanged views on other hot economic issues that everyone was concerned about. After the forum, many students discussed and exchanged questions on issues that they still had doubts about. They said that such forums maintained the closest contact with the economic frontier, provided new perspectives and methods for everyone to analyze problems, and achieved good learning results.
Dean Zhao Zhongxiu of the w88 casino of International Economics and w88 said that the w88 casino will continue to vigorously promote discipline construction, constantly improve the long-term mechanism of academic research and exchange, and achieve the purpose of opening up students' academic thinking and improving research capabilities by organizing more high-quality academic activities.
It is reported that this forum is the third phase of the large-scale academic forum "Global Economy and China". The first two phases have achieved good results and influence, and the fourth forum will be held this year6Hold on month.
（Original link：http://finance.people.com.cn/GB/70838/9122793.html Reporter：Wang Jing)
