European experts call on the twenty nations to avoid currency competitive devaluation Sohu news sweets parade


European experts call on the twenty nations to avoid currency competitive devaluation Sohu news Xinhua Brussels February 14 (reporter Shuai Rong) the group of twenty (G20) finance ministers and central bank governors meeting will be held in Shanghai from 26 to 27 this month. European experts said that the current global economic downturn, G20 should continue to play a leading role in monetary and exchange rate policies to take concerted action to avoid monetary devaluation of competition, and promote long-term stable growth of the economy. The EU finance ministers meeting held in Brussels on the day before, the EU finance ministers in a draft stressed that G20 members should take urgent measures to ensure that the global economy will continue steady recovery, and additional two percentage growth in 2018. In this regard, the European Centre for international political economy research director Fredrik Eriksson? Said G20 has the ability to play a significant role in the international cooperation and coordination of fiscal and monetary policy on the economy and generalized, but the effect decreased rapidly after the financial crisis, it is urgently needed to again play an important role. Ericson believes that the current global economic growth is weak, the primary task of G20 is to put pressure on governments, to promote the global central bank to adopt a coordinated policy to avoid loose monetary policy leading to competitive devaluation of currency. The director of the centre for European Policy Studies Daniel think? Gross G20 members, can be divided into three groups: one is the creditors, such as the euro zone, Chinese, Japan, its growth depends on external demand, monetary policy is difficult to play a stimulating effect; the two is debt, such as the United States, Britain, the current account deficit in the long-term economy. To achieve full employment, but the structural causes of declining growth; three is the commodity exporters, the current economic weakness, deficit. Gross said that since the outbreak of the international financial crisis, the negative interest rates caused by the implementation of loose monetary policy are beneficial to the debtor, but not conducive to the creditor side, so the United States and Britain economic recovery momentum is better, the euro area and Japan’s economy is not improving. At present, the global economic growth is "mediocre", but not too bad. In view of the interests and problems of the three groups above, the most likely agreement reached by the G20 conference is to implement more structural reforms to promote economic growth and to use fiscal instruments if necessary. He also said that the central bank, especially the European Central Bank and the Japanese central bank, must stop using counterproductive monetary easing, and that the economy should recover itself, even if it is a long process. Author: Shuai Rong (source: Xinhua News Agency)

欧洲专家呼吁二十国集团避免货币竞争性贬值-搜狐新闻  新华社布鲁塞尔2月14日电(记者帅蓉)二十国集团(G20)财长和央行行长会议将于本月26日至27日在上海举行。欧洲专家表示,当前全球经济低迷,G20应继续发挥领导作用,在货币和汇率政策方面采取协调一致的行动,避免货币竞争性贬值,促进经济长期稳定增长。  日前在布鲁塞尔举行的欧盟财长会议上,欧盟财长在一份草案中强调,G20成员国应采取紧急措施,确保全球经济继续稳健复苏,并在2018年取得额外两个百分点的增长。  对此,欧洲国际政治经济研究中心主任弗雷德里克?埃里克松说,G20有能力在财政、货币以及广义经济政策的国际合作与协调上发挥显著作用,但其作用在金融危机后迅速下降,目前急需它再次扮演重要角色。  埃里克松认为,目前全球经济增长乏力,G20的首要任务是给各国政府施压,促使全球央行采取协调一致的政策,避免宽松货币政策导致货币竞争性贬值。  欧洲政策研究中心主任丹尼尔?格罗斯认为,G20成员可分为三个群体:一是债权方,如欧元区、中国、日本,其增长依赖外需,货币政策较难起到刺激作用;二是债务方,如美国、英国,其经常账户长期赤字,经济达到充分就业,但结构性原因导致增速下降;三是大宗商品出口国,目前经济疲弱、深陷赤字。  格罗斯说,国际金融危机爆发以来,各国实行宽松货币政策导致的负利率有利于债务方,却不利于债权方,因此美英经济复苏势头较好,欧元区和日本经济不见起色。目前全球经济增长非常“平庸”,但并不算太坏。鉴于上述三个群体的利益和问题不同,G20会议最可能达成的协议是,更多实施结构性改革促进经济增长,并在必要时使用财政手段。  他还说,债权方央行,尤其是欧洲央行和日本央行,必须停止使用可能适得其反的宽松货币政策,而应该让经济自行恢复,即使这个过程比较漫长。  作者:帅蓉 (来源:新华社)相关的主题文章: