周小川：全球宏观经济调控属于“三无”状态

Group 1 - The current global macroeconomic regulation is in a "three no" state: no responsible institution, no tools, and no consensus [1] - The phenomenon of convergence in global economic cycles and macro conditions is increasing due to globalization [1] - Developing countries are urging major powers and reserve currency issuers to consider global impacts and coordinate responses during crises [1] Group 2 - The G20 played a significant role in global rescue during the 2008 crisis, with finance ministers and central bank governors having certain regulatory capabilities [2] - There is currently no formal institution responsible for coordinating global macroeconomic or monetary policies [2] - The IMF may have potential for coordination in international balance of payments and exchange rates, but it lacks the role of a global central bank or monetary policy coordination [2]