中文|English

博鳌亚洲论坛博鳌亚洲论坛——凝聚亚洲共识 促进亚洲合作 传播亚洲声音

  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

Members
Partners

Position: Home >> Press Center >> News

Vice Chairman of Boao Forum for Asia Zhou Xiaochuan Attended Bruegel Annual Meetings 2020 and Shed Light on “Monetary Policy after the Pandemic”
Origin:Boao Forum for Asia      Time:2020-09-02 16:42:39    Views:374

Vice Chairman of Boao Forum for Asia Zhou Xiaochuan Attended Bruegel Annual Meetings 2020 and Shed Light on “Monetary Policy after the Pandemic”


On September 1, 2020, Dr. Zhou Xiaochuan, Vice Chairman of Boao Forum for Asia, attended an on-line special session on “Monetary Policy after the Pandemic” in the Bruegel Annual Meetings 2020, together with Madam Janet Yellen, former Chairwoman of United States Federal Reserve, Mr. Jean-Claude Trichet, Chairperson of Bruegel Board and former President of the European Central Bank, and Mr. Erkki Liikanen, former Governor of Bank of Finland. The renowned central bankers shed light on the possible trend of monetary policy in the post Pandemic era, including policy framework and tool combination, and drew the public attention on the issues like exit of unconventional policies and maintaining financial stability. Mr. Guntram Wolff, Director of Bruegel, delivered his welcome remarks.

Dr. Zhou Xiaochuan first thanked Bruegel, as one of the leading European think tanks, for working with the Boao Forum for Asia to promote Asia-Europe dialogue. He commended central banks across the world for sparing no effort under the Pandemic, in taking unprecedented large-scale and several rounds of aggregated and structural monetary policies, to alleviate the impact of the pandemic, especially in prevention of extensive bankruptcies, layoffs and cash flow stoppage. He pointed out that, relevant exit policies and de-leveraging measures need to be studied, and potential sharp adjustment of asset prices need to be braced for. He stated that, after the Pandemic, many central banks in emerging markets and transition economies, still need to consider multiple monetary policy objectives, such as economic growth, price stability, employment promotion, balance of payments, maintaining financial stability and promoting financial market development. The weights of the objectives ought to be adjusted against evolving external conditions. He called on central banks to strengthen coordination and collaboration and further enhance the cooperation mechanism, to find solutions to major international financial issues, such as liquidity shortage of international reserve currencies, massive cross-border capital flows, and unsustainable external debts of some developing countries.

(查看中文)