-Central banks rush to monetary easing and currency depreciation as a way to stimulate export. A World Bank study shows, however, that depreciation no longer works as it used to, say the mid 1990s.

-What has currency depreciation failed as a stimulus of export? How has global trade changed since the mid 1990s?

-If depreciation is not an option, what is the option?

-In 1995, the then Secretary of Treasury Robert Rubin came up with the Strong Dollar Policy, saying that a strong dollar is in the interest of the United States. Why has such a large open economy as the United States adopted the Strong Dollar Policy? How has it worked?

-China is the second largest economy and a major trading nation. Should China follow the examples of the United States and resort to a strong RMB policy?