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G20 gathers in Nanjing to discuss the reform of the international monetary system
The European debt crisis and the Japanese nuclear crisis will also become the focus of the Securities Times reporter Wu Jiaming. The earthquake and nuclear crisis in Japan, the situation in Libya and the European debt crisis have made the global economic outlook full of uncertainty. Today, French President Nicolas Sarkozy will gather with the finance ministers, central bank governors of the 20 countries, representatives of relevant international organizations, and important scholars in the international economic and monetary fields to participate in the G20 International Conference held here. High-level seminar on monetary system reform. It is reported that the International Monetary System Seminar is an informal and academic seminar focusing on the reform of the international monetary system. The entire conference will focus on the status and shortcomings of the international monetary system, capital flow management (including the response to unstable foreign capital inflows), global liquidity management (including the role of the global financial safety net and special drawing rights), and strengthening the supervision of the IMF. Research on various aspects. German Finance Minister Schaeuble said earlier that the G7 may join forces with emerging economies to reform the global monetary system. O'Neill, chief economist at Goldman Sachs, expects the International Monetary Fund's (IMF) Special Drawing Rights (SDR) to be included in the discussion. The global economy, which had a good recovery prospect, has recently suffered multiple bad attacks, but a number of economic data show that the US economy is gradually strengthening. Analysts expect that officials at the meeting may reduce criticism of the Fed's second round of quantitative easing measures, and issues such as the European debt crisis and the Japanese nuclear crisis will be the focus of discussion.