Global exchange rate hopeless war armistice.

<P> Global economic cooperation into a fragmented situation, "currency war" may be a new outbreak of fighting. .Prior to the weekend meeting of global finance ministers and central bank governors failed to reach any resolution. .</ P> <P> the world's major economies, exchange rate differences on the issue of an unprecedented large. .China accused the United States to pursue ultra-loose monetary policy, so a lot of money, such as flood flows to emerging economies, undermining the stability of the latter, while the United States insists that the International Monetary Fund (IMF) should strengthen attention to exchange rates and foreign exchange reserves .accumulation. .</ P> <P> lack of substantive agreement and the parties to the edge of reform proposals for the IMF policy of the Group of 20 may be in the (G20) summit in Seoul increase the month before the exchange rate volatility. .</ P> <P> the world's largest bond investment institutions - Pacific Investment Management Company (Pimco), chief executive Mohamed • El - Elian (MohamedEl-Erian) said: "The world was hopeful .response, but now is not in place of the national coordination of economic policies and increase the friction between nations increasingly replaced. "</ P> <P> major IMF communique issued after the meeting said the countries have adopted a" cooperation " .attitudes, but did not provide any evidence that major economies in the presence of differences to find common ground on any issue. .</ P> <P> IMF Managing Director Dominique Strauss • - Kahn (DominiqueStrauss-Kahn) calls upon States to take concrete action, not just copying the kind words. ."Language is invalid. Language can not change anything. Policies must be revised." </ P> <P> almost no indications that China let the yuan appreciate faster, and this is causing growing U.S. frustration. ."IMF must strengthen the national exchange rate policy and foreign exchange reserves accumulated practice of supervision," U.S. Treasury Secretary • Tim Geithner (TimGeithner) said. .</ P> <P> that pressure against China, now are being more aggressive resistance. .China's central bank governor Zhou Xiaochuan said at the IMF meeting, focus on the exchange rate is one-sided. ."The main reserve currency to continue the implementation of very low interest rates and unconventional monetary policy in emerging market countries to formulate and implement monetary policy has led to a serious challenge." </ P> <P> Ace Cornell University professor Walter • General .Prasad (EswarPrasad) said: "The Chinese are welcome to counter outside criticism of its exchange rate policy, the spearhead of attack shift in developed economies loose monetary policy and growing public debt, reflecting China's growing self-confidence and international pressure .strongly resisted. "</ P> <P> finance ministers of other countries on the British" Financial Times "said that they do not compromise on both sides of the attitude of despair. .South African Finance Minister Pravin • Gordon (PravinGordhan) said: "If you listen to Chinese, they have a view on the current situation. If you listen to the United States, and they had an argument. We must make mutual concessions." < ./ P> <P> to re-seize the initiative, IMF proposed a new mechanism, I hope by focusing on an economy affect other economies, to strengthen the organization's oversight of economic policy in different countries. .But experts do not think that this is expected to solve all the deep differences in policy. .</ P>.