External authors

Yongding Yu

Yu Yongding is an Academician of Chinese Academy of Social Sciences (CASS), President of China Society of World Economy (2003- ), Editor-in-Chief, China and World Economy, He is member of Advisory Committee of National Planning of National Development and Reform Committee of PRC,member of Advisory Committee of Foreign Policy of the Ministry of Foreign Affairs of the PRC. He was Director-General of Institute of World Economics and Politics (IWEP) with the CASS (1998-2009) and member of the Monetary Policy Committee of People’s Bank of China (2004-2006).

Yu Yongding received his MA in economics from Graduate School of Chinese Academy of Social Sciences and D.Phil. in economics from the University of Oxford. He has authored, co-authored and edited more than 10 books, and published numerous papers and articles on macroeconomics, international finance and other subjects.

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External Publication

Don’t let the euro-area crisis go east

The European Union is committed to strengthening its partnership with China, as demonstrated by the fourteenth EU-China summit, to take place in Beijing on 14 February 2012. The EU will be represented by Herman Van Rompuy, President of the European Council, and by José Manuel Barroso, President of the European Commission. The People's Republic of China will be represented by Prime Minister Wen Jiabao. EU Trade Commissioner Karel De Gucht will also attend. On Thursday 2 February Chinese premier Wen Jiabao signalled intention to move towards helping the euro area extricate from its trouble and declared that China was “investigating and evaluating concrete ways in which it can, via the IMF, get more deeply involved in the European debt problem”. Why is China, and more generally Asia, taking this stance? A new paper by Jean Pisani-Ferry together with European and Asian colleagues from the Asia-Europe Economic Forum (AEEF) discusses the implications of the euro crisis for Asia, reasons for Asia-Europe cooperation in solving it, and obstacles on the way to this cooperation.

By: Agnès Bénassy-Quéré, He Fan, Masahiro Kawai, Tae Joon Kim, Yung Chul Park, Jean Pisani-Ferry, David Vines and Yongding Yu Topic: Global Economics & Governance Date: February 3, 2012
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External Publication

Rethinking central banking

This report lays out a framework for rethink­ing central banking in light of lessons learned in the lead-up to and aftermath of the global financial crisis. By the early 2000s, a growing number of central banks, in advanced countries and emerging mar­kets alike, had converged on a policy framework, flexible inflation targeting, which seemed capable […]

By: Jean Pisani-Ferry, Barry Eichengreen, Mohamed El-Erian, Arminio Fraga, Eswar Prasad, Takatoshi Ito, Raghuram Rajan, Maria Ramos, Carmen M. Reinhart, Hélène Rey, Dani Rodrik, Kenneth Rogoff, Hyun Song Shin, Andrés Velasco, Beatrice Weder di Mauro and Yongding Yu Topic: European Macroeconomics & Governance Date: September 13, 2011
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Policy Contribution

Reform of the international monetary system: Some concrete steps

Reform of the international monetary system is under discussion after three decades of apathy. Tectonic shifts in the balance of international power have made reform more urgent. However, in the short term, there is little chance of a grand redesign of the international monetary system. Nevertheless, concrete steps should be taken. First, consensus is needed […]

By: Jean Pisani-Ferry, Yongding Yu and Agnès Bénassy-Quéré Topic: Global Economics & Governance Date: March 28, 2011