Current problems of Europe

The impact of the crisis on economic interaction of European Union and China

Куликов В.С.

Kulikov V.S. – head of chair, International Institute for Social and Humanitarian Problems, Ph.D (economics)

Abstract

In the paper the author considers basicproblems in the EU – China economic cooperation under the context of the world financial crisis. Each participant of this cooperation has its own position in search of a way from the present crisis situation which upsets the world economy. The author reveals particularities of the currency policy of China and the role of the yuan in the regional economic cooperation.

Keywords

Global economic crisis, liquidity in banking sector, euro area, Asia-Europe Summit, non-symmetric response, Standard solutions, monetary policy, currency areas, regional reserve currency, world reserve currency, anti-crisis measures, EU-ASEAN, World Trade

Download text