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But I would bet that the euro continues to exist and that its importance as a global currency will likely increase.

There will be an electronic currency, and it will be universal, and we must accept that fact.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

There are so many problems in the E.U. that several countries are warming up to the idea that after the single currency, a deeper integration could also be created.

Ultimately, in the long run we need to immunise our system from being overly responsive to fluctuations in the exchange rate; that is, people should, by and large, be reasonably hedged, or they should borrow more in domestic currency rather than foreign currency.

China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.

The U.S. currency has been the most attractive currency to be in for very, very long periods of time.

China needs a currency that reflects underlying economic fundamentals.

The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.