国际金融危机和对冲基金

发布时间：2018-01-19 05:06

本文关键词： 资产负债表风险防范机制长短期资金利率倒挂超国民收入分配　出处：《生产力研究》2010年12期 　论文类型：期刊论文

【摘要】：文章说明了爆发国际金融危机的微观市场机制。对冲基金持续地利用做空和做多的策略,谋取超额利润的行为,具有社会化的发展趋势,使美国金融市场上出现了短期资金利率高于长期资金利率,债券市场投资收益超国民收入分配的现象,形成了美国金融市场不稳定的基础。与商业银行、投资基金和对冲基金这三类金融机构相应的三种风险防范手段,都不足以排除整个金融市场的系统风险。最终导致了金融市场的崩溃。
[Abstract]:This paper explains the micro market mechanism of the international financial crisis. Hedge funds continue to make use of the strategy of short and long to seek excess profits, which has a socialized development trend. The short-term funds interest rate is higher than the long-term fund interest rate in the American financial market, the bond market investment income exceeds the national income distribution phenomenon, has formed the American financial market instability foundation with the commercial bank. Investment funds and hedge funds, the three corresponding risk prevention measures of financial institutions, are not enough to exclude the systemic risk of the entire financial market, which eventually led to the collapse of the financial market.
【作者单位】：上海对外贸易学院;
【分类号】：F831.5
【正文快照】： 从某种意义上说,2008年爆发的国际金融危机,实际上是对冲基金的生存危机。人们注意到,这一场金融危机在爆发和扩大阶段,每一个重要发展,都与对冲基金有着密不可分的关系。伦敦G20峰会的公报中提出要加强关于对冲基金的监管。对冲基金在国际金融危机中的影响和作用,也受到了学

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