Western "Unemployment disease" Jixun antidote Three Musketeers "occasional" award.

<P> 2010 Nobel Economics Prize on the 11th announced, before the losing candidate to accidents, three of the unemployment problem economists share awards. .</ P> <P> headquartered in Stockholm, Sweden, 11, announced the Royal Swedish Academy of Sciences, the American A · Peter Diamond, Dale Mortensen, and T · with the United Kingdom, Cyprus dual Christopher Pisa Li Clerides to ."analysis of existing market search frictions," the 2010 Nobel Prize in Economics. .They offer a new economic model to help explain how policies affect the unemployment rate. .</ P> <P> winning result, the market unexpectedly, after the popular psychology of behavioral economics and decision-making have voted. .In Western economies, "the unemployment disease" spreading the context of the employment problem for the awards are handed out seems rather "occasion." .</ P> <P> the awards, the Royal Swedish Academy of Sciences, 11, said the Nobel laureate's award-winning grounds, based on their "analysis of existing market search frictions," made of. .</ P> <P> Royal Swedish Academy of Sciences said the winners of the market to get this award. ."The market for trade and most transactions are carried out, of course, there will be some trade friction, difficult to get the buyer wants to buy goods, the seller is difficult to find consumers. In the labor market, many companies find that there will be many job openings, .The number of unemployed workers find suitable jobs. "</ P> <P> Diamond, who developed the theory explains this conflict on the market, their theory is based on microeconomics, the market's reasonable productivity .out; their theory that the employment of workers to be more reasonable, and needs work in the recruitment of staff should provide a reasonable mechanism. .</ P> <P> in the award statement, the Royal Swedish Academy of Sciences, said the theory has become a leading theory of structure, not only for the labor market can be, for solving a variety of policy issues will also help. .For example you can apply to the entire real estate market in economics and family economics. .In addition, this year's winners of the theory have also greatly improved the theory of the relevant market. .</ P> <P> trio will share the 10 million kronor (U.S. $ 1,460,000) prize money. .Nobel Prize in Economics in 1968 from the Bank of Sweden to commemorate the addition of the Nobel, the selection criteria is the same with the other awards, the winners selected by the Royal Swedish Academy of Sciences. .</ P> <P> price and the quality of what the role of workers? .Government intervention can make markets function more effectively? .Nobel Prize winners in the current study to address these issues. .Royal Swedish Academy of Sciences issued a statement on its Web site said: "They help us understand the theory of unemployment, vacancies and salaries by the government's economic policy to be affected." </ P> <P> 11, said the Royal Swedish Academy of Sciences, .If we are to really understand what factors determine the rate of unemployment, we need to look at labor market policies. .Diamond, who answer to a common problem, they analyzed the relationship between price and supply. .</ P> <P> pending the outcome of early awards, all winners of the Prize in Economics will be endless speculation: behavioral economics, decision-making psychology; business cycle theory; three major theories of social economics as the favorites. .But the results show that the jury is still more popular for the unemployment rate of economic theory, which highlights the high unemployment rate in Europe is becoming more and more people focus. .</ P> <P> earlier media speculation that the popular candidate, the market behavior and psychology of decision-making is considered the best candidate for this year's Nobel Economic Prize. .In which the behavior of well-known American economist, University of Chicago, Richard Taylor and Robert J. Shiller of Yale University received the highest support. .The former is considered a pioneer in behavioral finance, market behavior and decision making in the study of deep psychological and accomplished; the latter is a big influential economist, he had first predicted that the U.S. housing market bubble. .</ P>.

"Nobel" sword aimed at employment.

11 Royal Swedish Academy of Sciences <P> announced the 2010 Nobel Prize in Economics granted U.S. economist 彼得戴蒙德 (PeterA.Diamond), Dai Ermo Mortensen (DaleT.Mortensen) and has dual nationality in Cyprus and the UK .Economist Christopher 皮萨里德斯 (ChristopherA.Pissarides), in recognition of their theory of friction in the market to make contributions. .Experts commented that the three labor economists get Nobel Prize in Economics this year, from a side note: the international financial crisis, the world's major economies face a severe employment situation, an urgent need to make a major breakthrough in labor economics. .</ P> <P> Royal Swedish Academy of Sciences in a press conference held at the Royal Swedish Academy of Sciences, Mark Noll, Permanent Secretary, announced the first winners of its main contributions. .He said, why a large number of people unemployed in the same time, there will be a large number of vacant jobs? .Exactly how economic policies affect employment and unemployment? .Won the Nobel Prize in Economics this year, economists have established a market friction theory, to analyze and answer these questions. .In addition, this theory can not only analyze the labor market can also be used to analyze other market information asymmetry. .</ P> <P> the Swedish Academy said that Diamond established the basic theory of market frictions, Morton Sen and 皮萨里德斯 the theory is further developed and applied to analyze the labor market. .Three economists, economic theory can be established to help people understand the whole series of major economic problems, particularly unemployment. .In addition, this theory has also been used to analyze the monetary policy, public economics, regional economics and home economics-related propositions. .</ P> <P> "three economists awarded the Nobel Prize this year, both in the field of labor and employment scholars with outstanding research contributions, which also reflects the Nobel Prize on employment issues. This is mainly because the moment .shadow of the financial crisis has not disappeared, Europe and the United States unemployment rate is still high. "Peking University professor, said Du Li group reviews. .</ P> <P> all the Chinese Academy of Social Economic Research Institute researcher Wei also on the "Economic Information Daily," told reporters: from the current reality in terms of how to make workers find jobs is a very important economic issue. .2008 outbreak of the international financial crisis, the world's major economies have a huge economic impact, national unemployment rate is high, so this time research in labor economics certainly has very important practical significance. .</ P> <P> U.S. Department of Labor (LaborDepartment) 10 月 8 released data show that in September the unemployment rate remained high at 9.6%. .September employment in the private sector increased by only 64,000 people, the whole month of non-farm employment fell 95,000 people, data, significantly higher than expected. .According to the Labor Department released revised data, 7-8 months of non-farm employment was down by 1.5 million. .Analysts said the disappointing non-farm payrolls report on the implementation of the Federal Reserve increased the possibility for further quantitative easing measures. .</ P> <P> At the same time, the EU's unemployment rate remains high, Eurostat October 1 to the latest statistics show that 16-nation euro zone in August unemployment rate was 10.1%, EU-27 countries .unemployment rate was 9.6%, of which the unemployment rate of young people under the age of 25 than other age groups, the unemployment rate twice as high. .Statistics also show that in August, unemployment in the EU-27 is about 2300 million, of which the number of unemployed 16-nation euro zone is about 1587 people. .</ P> <P> Mao Zhenhua, director of the People's University Institute of Economic Research, stressed the same labor economics theory is of great significance in China. .His "Economic Information Daily", told reporters that Europe is only facing rising unemployment problem, China also faces the problem of labor wage increases. .There is a lot of surplus labor in rural areas of countries, there is upward pressure on wages, which is rare in the international. .The rise in labor costs, is bound to have cost producers of many low-end pressure, these companies will hire new workers will drop, the society will face the pressure of unemployment. .In this case, to deepen the theoretical study of labor economics can help alleviate social contradictions. .</ P>.

Three Share Prize for Economics Research how economic policies affect the rate of unemployment.

3 <P> USA and Cyprus shared the Nobel Prize in economics scholars </ P> <P> 2010 Nobel Prize in Economics 11, announced that two U.S. economists and the United Kingdom and Cyprus, another dual nationality with the economics .home to share the award. .</ P> <P> Royal Swedish Academy of Sciences said in a statement, the three economists with "economic policies affect the unemployment rate," further analysis of the theory, won awards. .Three of the theory can explain many economic phenomena, including "Why, when there are many job vacancies, there are still many people are unemployed." .</ P> <P> three winners will share 10 million Swedish kronor (about $ 1,460,000) in prize money. .</ P> <P> AP and one of two American economists, the UK and Cyprus with 11 economists dual market search friction theory to the 2010 Nobel Prize in economics. .</ P> <P> Central European Time at 13:00 on the 11th (Beijing time 19:00), in the halls of a Swedish Academy of Sciences, Nobel Prize announced. .A · Americans Peter Diamond, Dell T · Mortensen and have the United Kingdom, Cyprus dual Christopher Pisa Li Clerides to "the existence of search frictions in the market" award. .</ P> <P> trio will share the 10 million kronor (U.S. $ 1,460,000) prize money. .</ P> <P> research began in the 70s of last century </ P> <P> 13:10 local time (GMT 19:10), the jury-site connection Pisa Li Clerides. .Swedish television reporter first asked about the award-winning experience Pisa Li Clerides, who as "surprised, pleased to meet the" answer. .</ P> <P> the name of the Swedish television reporter then asked Pisa Li Clerides, why would you be interested in this area? .Pisa Li Clerides said, "when the European unemployment rate," he hopes to do something for the community "to contribute." .</ P> <P> Review Committee in a press release to the media, said many of the market, the buyer and the seller does not immediately get in touch with each other. .In the labor market, employers and labor time and resources often need to find each other to meet their needs. .This lead to unemployment and job vacancies exist in the situation. .</ P> <P> the search frictions on market research began in the 70s. .Diamond search market on the basis of the first, Mortensen and Pisa Li Clerides will then be an extension of this theory, applied to the labor market, the creation of DMP mode. .</ P> <P> Pisa Li Clerides replied Swedish radio reporter's question, describes his own theory: "As economic conditions change, a person loses his job, it is necessary to find another job. We intend to find .the impact from unemployment to re-induction factors in this process. "</ P> <P> a news conference after the Judging Panel for media interview, said that one of the three study concluded that higher unemployment .Unemployment benefits will be pulled up, prolong time to market search. .</ P> <P> financial crisis of awards again? .</ P> <P> comprehensive AP Review Committee said that the search friction theory applies not only to the labor market, but also applicable to many types of housing and other markets, will help study of public economy, regional economy, family and economic issues .. .A Judging Panel said that the theory can explain the seasonal changes in supply and demand in the housing market. .</ P> <P> a reporter's question, three economists whether the labor market and the award-winning housing market is the current areas of concern about the global economy. .</ P> <P> Review Committee that the economics prize usually awarded "to contribute to social development, efforts to put the theory of time", "The theory of the early 70s in the last century began," .. .</ P> <P> last year, the jury encountered similar questions. .Two U.S. economist Elinor Ostrom, and Oliver Williamson was related to economic governance of the award. .Ostrom also became the first ever female award winners. .</ P> <P> some journalists question whether the award taking into account the assessment of the financial crisis factors. .Review Committee that although the current financial crisis is to assess the members to determine the winners in the process of measuring one of the factors, but the "small proportion of ... ... We do not want a number of years and found the theory untenable." .</ P> <P> background information </ P> <P> Peter A · Diamond </ P> <P> 彼得戴蒙德 born in 1940. .In 1963, he is only 23 years old to obtain a Ph.D. in economics at MIT, has been hailed as economics, Paul Samuelson, dean of economics "prodigy." .Since 1966, Diamond has taught at MIT. .Which, from 2002 to 2003, he was elected President of the American Economic Association. .Diamond main macroeconomics, his main contribution is to propose the economics of the so-called "overlapping generations model." .He also made the basis for many economic contribution to the field. .</ P> <P> Dell T · Mortensen </ P> <P> 戴尔莫滕森 born in 1939. .Mortensen in the United States bachelor's degree in economics from Willamette University, then at the Carnegie - Mellon University, Ph.D. in economics. .In 1965, he has served as professor of economics at Northwestern University. .Mortensen in the labor market research and related theories groundbreaking academic achievements in the field. .In addition, he in the job market labor adjustment and resettlement areas of research are considerable achievements. .</ P> <P> Christopher Pisa Li Clerides </ P> <P> Clerides Christopher Pisa Li was born in Cyprus in 1948. .Ph.D. 1973. .Settled in England in 1974, is now the London School of Economics Professor of Economics, is also the British Academy. .Pisa Li Clerides has dual British and Cyprus. .Pisa Li Clerides's main research interests are in macroeconomics in the labor market, structural change and economic growth. .His masterpiece is the "equilibrium unemployment theory" has been seen as the standard textbook economics of unemployment. .</ P>.

This year's Nobel Keywords: government intervention in the unemployment rate of vacancies.

This year's Nobel Prize for Economics <P> some upset. .The Royal Swedish Academy of Sciences will award to the three research experts in the labor market economy: Massachusetts Institute of Technology (MIT) professor 彼得戴蒙德 (Peter Diamond), Northwestern University 戴尔莫滕森 (Dale T. Mortensen) and .Cyprus has a dual British and the London School of Economics (LSE), Professor Christopher Pisa Li Clerides (Christopher A. Pissarides). .</ P> <P> Royal Swedish Academy of Sciences pointed out that the unemployed to find suitable to their posts, while the employer will have to find the right employees, buyers and sellers of mutual need between the time required between each other and experience .will have a conflict. .In the traditional theory, the market does not exist for this kind of conflict with each other, the traditional market theory suggests that price adjustments can change the balance between supply and demand, but the labor market is not the case. .</ P> <P> 2000 the U.S. unemployment rate is 4%, while the job vacancy rate reached 4% in the next decade, this rapid increase in the unemployment rate, while the vacancy rate is decreasing. .The three economists to explain these problems, first of all is the price and what the role of the quality of workers, and second, whether the Government's intervention policy to make markets more efficient operation. .</ P> <P> Pisa Li Clerides in the award-winning interview with the media that is difficult to make effective theoretical economists to deal with unemployment, so they develop a new theoretical model to solve this problem, that DMP model .The model explains how the unemployment rate is formed, how the formation of vacancies. ."This year is the theory is mainly there for those who search the market conflict theory provides a new DMP model to analyze the labor market." The Royal Swedish Academy of Sciences Nobel committee said in the announcement. .</ P> <P> Pisa Li Clerides said the first study, European unemployment has risen, "If the community does not take measures, unemployment will rise further." Pisa Li Clerides that, once many .unemployment, it is difficult to find a job, will change the economic environment, they will again change their job search skills, so these processes will affect the entire community. .Should be done now to ensure that high unemployment can not be sustained for too long, should study how best to improve the skills of the work of the working class. .</ P> <P> Morten sen for their theoretical explanation is that in looking for work in an effective policy goals can help the unemployed, "How can we ensure that the unemployed to find a better job, .They themselves through a variety of measures to achieve this purpose, so that we can effectively deal with the unemployment rate. "</ P>.

Xu Bin: Nobel Laureate theory of practical reference to China.

<P> </ P> <P align=center> </ P> <P align=center> Xu Bin </ P> <P> Beijing on October 11 evening news announced this week the Royal Swedish Academy of Sciences, in 2010 .American economist awarded the Nobel Prize in Economics PeterDiamond, DaleT.Mortensen and was born in Cyprus, three of the British economist ChristopherPissarides in recognition of their economic policies in explaining aspects of how it affects the contribution rate of unemployment. .</ P> <P> Royal Swedish Academy of Sciences said: "The winners are the model help us understand the regulatory and economic policies of the Government in what way affect the rate of unemployment, job vacancies and wage movements." </ P> <P> .China Europe International Business School this Economics and Professor of Finance, Economics and Decision Sciences Department, said Xu Bin, Tencent Finance, the award-winning scholars, not the three economic circles beyond expectations. .PeterDiamond macroeconomics main contribution made by research on the labor market, his main point is: the labor market is not a frictionless market, each between employers and career there is a cost to find each other, and their research .- job search cost model that will improve the market even if there is unemployment. .DaleT.Mortensen and ChristopherPissarides two had co-written article, with the former theory, the main results in the labor market, employers and workers of the friction. .</ P> <P> Professor Xu Bin opinion, the three winners is not accidental, in theory, they have their own outstanding contributions to the research achievements of their fully qualified. .And why this year's award, which he considers the current global economic conditions, high unemployment, the recovery in the large background. .The public wants to know how economists think unemployment. .If during this period will be prizes awarded to scholars who study and perfect the market theory is obviously out of date. .</ P> <P> He also believes that the three winners for the contribution of economic theory should have an accurate understanding of the results of their theory does not explain the current unemployment rate of up to 10% in Europe and America can be said to explain just .3% of them because of unemployment caused by asymmetric information. .</ P> <P> another sense it is revealed with the system in the frictional unemployment: the labor market is improving, and this arrangement with the relationship between labor market institutions. .Which developing countries like China also has practical reference: Chinese labor mobility, the concept can be applied, if China can standardize intermediary labor force, they can reduce the cost of the labor market, reduce frictional unemployment. .</ P> <P> introduced, according to Xu Bin, PeterDiamond in the last century there were 80 papers related to this come out (after two classic articles come out in 1994, but it is also important to study stage 80), in .At that time, he was an independent study on the labor market will find the microeconomic foundation of macroeconomics, at the time he found that some workers are in a sunset industry, the replacement work, and employers can not seamlessly, but rather .search costs. .80 years, the development of information economics is an important process, in this background, the theoretical maturity. .But Xubin Jiang stressed, for its results, should be accurate understanding, can not say the first, after all, these results reveal only frictional unemployment. .</ P>.

Japan, encirclement of RMB seven western countries embarrassed mumbling aphasia.

<P> 30 years in the last century, triggered the world economic depression, the Great Depression of the "currency war", and is now the ghost flashes, great comeback trend. .</ P> <P> Japan, Korea, Brazil and other countries have taken unilateral monetary action recently to hold down their currencies. .Western countries put pressure on European and American efforts in emerging economies, the requirements of its currency to appreciate. .Seven just-concluded Western developed countries (G7) finance ministers and central bankers put the finger at China. .</ P> <P align=center> </ P> <P> this time, as the G7 members of Japan, is facing a difficult history of a rare appreciation of the yen, and its central bank and government have been shot several times, large-scale intervention .yen exchange rate. .This makes the G7 "solidarity" requires emerging economies should not intervene in the currency appreciation of the requirements appears to lack of confidence. .</ P> <P> "G7 is the formation of China's encirclement" </ P> <P> closing in Washington on the evening of 8 local time, the G7 finance ministers and central bank governors, the main task is to expand the coordination to avoid .worries that the world economic slowdown in the context of the global currency of the "competitive devaluation" bigger and the appreciation of the RMB issue has become the biggest focus of the meeting. .</ P> <P> representatives attending the G-7 final agreement, said it would "prevent countries through cooperation to maintain exports to stimulate the economy and the competitive devaluations of the situation", requiring manipulation of exchange rates in emerging economies should not, must be allowed to own .currencies continue to appreciate. .</ P> <P> Although the statement did not name names in China, but Japanese media have said after the meeting: "G7 is the formation of the encirclement of China." .</ P> <P> actions beggar thy neighbor verbal Jiahuoyuren </ P> <P> 2008 fall of the "subprime crisis", the universality of the global economy has been hit. .</ P> <P> two years, international coordination, the national economy has entered a recovery period. .But suffering from high unemployment plagued Europe, America, Japan and other developed countries to take the extremely loose fiscal and monetary policy, hopes to force the new national currency to appreciate to its own advantage of currency devaluation to increase employment and exports, thereby promoting the local economy .recovery. .</ P> <P> a result of the move, resulting in a large number of international hot money into the high growth emerging economies, emerging economies and thus lead to increased pressure of currency appreciation, while inflation and lead to the formation of the bubble economy. .The developed countries still continue to be blamed the trade imbalance with China, led by emerging economies, due to exchange rate manipulation. .</ P> <P> G24 G7 group did not buy the accounts </ P> <P> 10, Japanese media reported that the decision in the developed world monetary order, "Plaza Accord" 25 years later, the set of the year .practices of globalization today can no longer be effective. .New world economic order to participate in the emerging economies how to build, is to make a big issue G7 headache. .</ P> <P> by the emerging economies and developing countries formed the Group of Twenty-Four (G24) countries on Thursday called for global cooperation in the areas of macroeconomic policy in order to ease tensions in the exchange rate. .</ P> <P> G24 attack in a public notice in the pursuit of advanced economies, low interest rate policy, resulting in other currencies pushed up. .</ P> <P> G24 General Presidency South African Finance Minister John Galsworthy said that the current policy of the developed countries led to large capital inflows in many emerging economies, making the currencies of these countries face the pressure of appreciation. .</ P> <P> firm stance clear on many occasions China's position </ P> <P> for the group of developed countries about China's fast-forward the requirements of revaluation, the Chinese side stand clear and firm, not moved by it. .</ P> <P> 6, Premier Wen Jiabao held in Brussels on the sixth China-EU Business Summit, said: "Many exporters profit margin is only 2% to 3%, the highest and only 5%. If by some .requirements, 20% appreciation of the RMB exchange rate to 40%, China's export enterprises will be going bankrupt, workers will be unemployed, migrant workers will return home, the community is difficult to stability. If China's economic and social problems, will bring disaster to the world " .. .</ P> <P> Premier Wen Jiabao pointed out that from 1994, the RMB exchange rate formation mechanism reform to now, the real effective exchange rate of RMB has appreciated 55% during the same period some of the world's major currencies are devalued. .July 2005 to further deepen the reform of RMB exchange rate formation mechanism, to the present, 22% appreciation against the dollar, which the United States during the Chinese trade surplus increased substantially. .This shows that China's trade surplus is the trade structure, not exchange rates. .</ P> <P> Premier Wen Jiabao also reiterated the objectives of the reform of RMB exchange rate stable, that is, to form the basis of market supply and demand with reference to a basket of currencies, managed floating exchange rate system and gradually increase flexibility of RMB exchange rate to maintain .RMB exchange rate basically stable at an adaptive and equilibrium level. .</ P> <P> 8 May, at the International Monetary Fund and World Bank annual meeting of the People's Bank of China Governor Zhou Xiaochuan told a news conference in the Chinese and foreign, will share the International Monetary Fund and the RMB exchange rate reform and other issues linked to, not .mainstream sound. .He stressed that China's currency reform will be gradual and orderly manner, and will not take so-called "shock therapy." .</ P> <P> several times in Japan not qualified to intervene in the exchange rate booing </ P> <P> rapid appreciation in the RMB issue, compared to the loud voice in Europe and America, the Japanese seemed more low-key. .The reason is that Japan does not take into account the overall situation of Sino-Japanese relations, but is in itself the occasion of the river clay Buddha. .</ P> <P> the Washington meeting of finance ministers and central bankers of Japan seemed to be somewhat embarrassed. .Recently because Japan is the only G7 intervened in an attempt to suppress the national currency exchange rates. .</ P> <P> to curb the rising yen, September 15, Japan after an interval of 6 and a half years after the intervention in the currency of the action taken, sold two trillion yen. .5 October, the Bank of Japan suddenly regain the "zero interest rate." .There are views that Japan's objective of these moves "to help China control the behavior of the exchange rate justified." .</ P> <P> after the conclusion of the G7 finance ministers meeting, Ye Tian Jiayan Japanese Finance Minister, said he at the meeting on the Japanese currency intervention to conduct a "clear statement", and stressed that the Japanese government's intervention "will not be long and .large-scale implementation, but also not for the yen exchange rate to maintain a certain level, "trying to show that intervention in foreign exchange markets in Japan and China are different words and deeds. .Europe and the United States did not support and understanding for this show, but did not offer criticism. .</ P> <P> Japanese analysts believe that Europe's move to Japan to take the "default" attitude of the reasons it is worried that a split within the G7, affecting the "united" to form the encirclement of China. .</ P> <P> intervention in the yen is still ascribed to unavoidable </ P> <P> However, the appreciation of the yen because the Japanese government's intervention did not stop. .8, New York foreign exchange market was once 81.72 yen 1 U.S. dollar to its highest level for 15 years, step by step approach $ 1 a record high of 79.75 yen against the value. .</ P> <P> in order to avoid further sharp appreciation of the yen and the formation of pressure on its economy and heavy losses, the majority view in Japan that the government and central bank still needs to continue to implement the interventions. .However, if re-intervention in foreign exchange, is bound to lead to a rebound in Europe and America. .</ P> <P> attempt to save the yen, Japan is now facing the G7 or the maintenance of the unity of a dilemma. .As for the RMB appreciation, Japan is now the mood in Europe also unable to come with yelling out. .</ P>.

Joint development effort BRIC countries refused to compromise on IMF quota adjustment programs.

<P> Interfax quoted Russian Deputy Finance Minister DmitryPankin today as saying that the BRIC countries (Brazil, Russia, India and China) will not be the International Monetary Fund (IMF) quota adjustments to make new compromises on the issue .If the IMF does not adhere to the original quota adjustment programs, the BRIC countries will join hands to resist. .</ P> <P> DmitryPankin at a press conference on Friday, said BRIC finance ministers at the meeting held on Thursday has been consensus on this issue. .He said: "In the BRIC countries will not compromise on matters of principle." Under the original program, the International Monetary Fund will 5% of the quota from the original too many countries move on behalf of underrepresented countries, but this program .encountered much resistance, some developing countries believe that the transfer rate of 5% of the quota is not enough, and some developed countries refuse to reduce the quota. .</ P> <P> DmitryPankin told reporters: "We have made great concessions, and now the BRIC countries have agreed to accept the transfer rate of 5% of the quota." He said: "The adjustment of developing countries in the International Monetary Fund .Organization, said the quota share rose to 44.5% of total, but still can not with these countries and the World Bank 47% quota share of matches. "He added that, even so, some developed countries are still reluctant to reduce their own in the IMF .share of the quota. .</ P> <P> DmitryPankin said: "While we very much hope that the IMF quotas at the annual meeting can be adjusted to reach an agreement, but the current situation is very little hope." He said: "Although the United States .quota adjustment may be willing to compromise, but the EU seems in no hurry to reach an agreement on this issue. "</ P>.