Talking heads

There is a strong need for a "world currency" that is managed by a "global central bank" that is subject to the governance of member countries. Ideally, a global central bank and a world currency, supported by a world government, will be the ultimate goal of a new international monetary system. Any national currency used as a world currency for cross-border trade is bound to be subject to the ups and downs of that nation's economic and financial conditions.

Chen Zhiwu

Professor of Finance, School of Management, Yale University