Honors College Held the Second 2017 Fulbright Program Short-term Expert Lecture
- Release Date:2017-05-13 15:58:22; A total of Date: 417 visit
On the afternoon of May 9th, Honors College held the second 2017 Fulbright Program Short-term Expert Lecture in 315 auditorium of Xuehai Building. Professor C. James Hueng, who is from University of Western Michigan in the USA, delivered a lecture on the theme of “Central Banking in the United States” to students.
Professor Hueng went straight to the topic at the beginning, emphasizing the ingenuity of American policies and systems, and analyzing the reasons why America can implement special policies. Subsequently, he discussed the independence of the Fed (Federal Reserve System) with students. In China, the central bank belongs to government and is dominated by government, while the Fed is independent from the USA government, which enables the Fed to operate in a corporate style. Therefore, the Fed has high autonomy in law, policy, fund, organization and finance. In the Q&A part, professor encouraged students to do more academic researches and improve themselves.
Through this lecture, students had a further understanding of economics. Professor’s solid theoretical foundation, rigorous logical thinking and humorous teaching style impressed students deeply.