摘要
在美元本位制、经济全球化和金融化背景下,美国基于本国需要进行经济调控所导致的利率、汇率变化必然影响到美元需求国的估值效应,当它具有加剧国际收支不平衡的作用、并达到相当严重的程度时,就会导致这些国家发生货币危机。目前美国的外部失衡已相当严重,一旦它认为这种失衡对其经济增长、就业或估值效应造成了不利冲击时,就可能启用季风型危机传播手段。我国目前正面临着这种威胁,必须采取有效措施加以防范。
With the background of dollar standard, economic and financial globalization, it is inevitable that the changes of U. S. interest rate and exchange rate resulted from its domestic policies will necessarily impact the valuation effects of dollar demanding countries. When the effects seriously aggravate the disequilibrium in the Balance of Payments of those countries, currency crisis will break out. With serious external disequilibrium at present time, U.S. is likely to employ the means of transmitting monsoonal currency crisis abroad once it is believed that the disequilibrium bring negative impacts to its economic growth, employment or valuation effects. It is necessary to take effective measures to prevent such menace we are frustrated now.
出处
《金融研究》
CSSCI
北大核心
2007年第03A期50-61,共12页
Journal of Financial Research
基金
广东金融学院重大科研课题06XJ01-03的阶段性研究成果
关键词
美元本位
估值效应
季风型货币危机
dollar standard, valuation effect, monsoonal currency crisis
