'Father of euro' suggests common Asian currency

CHINA - Asia needs a common currency with China, Japan and the Republic of Korea at the centre, said Nobel Prize winner Robert Mundell, in China on Tuesday reports New China News Agency.

During a speech at Beijing's University of International Business and Economics, the Columbia University professor, widely credited as the "father of the euro", also hailed China's stable monetary policy, saying that a fluctuating exchange rate, with its strong impact on overseas investment, was harmful to eco