Nobel laureate: Renminbi will help stabilize world currency
By Wei Tian in Xiamen, Fujian | China Daily | Updated: 2012-09-10 08:07
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Robert Mundell (left), winner of the 1999 Nobel Prize in economics and "father of the euro", speaks at the China International Fair for Investment and Trade in Xiamen, Fujian province, on Saturday. Zou Zhongpin / China Daily |
The yuan will play a bigger role in stabilizing the global currency system and improving the prospects of the global economy, said Nobel laureate and the "father of the euro" Robert Mundell on Saturday.
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