国际货币危机理论的最新衍化与扩展——欧债危机爆发原因的另一种解释

发布时间：2018-02-03 19:43

本文关键词： 国际货币危机资产负债表全球化欧债危机　出处：《郑州大学学报(哲学社会科学版)》2012年06期 　论文类型：期刊论文

【摘要】：考察国际货币危机的历史和欧债危机的现状,可以从危机成因和传导机制两方面扩展第三代国际货币危机理论。欧债危机的爆发呈现出新的特点:当前的货币危机已经从制度层面越来越体现出民主政治风险和集体道德风险,在金融层面则表现为衍生品过度交易,资产负债表的国际溢出效应加剧;同时,国际货币危机的国内与国际间传导方向与传导环节均发生了明显衍变。欧债危机既是1970年代以来金融深化浪潮的必然产物,也源于当前非均衡的国际货币体系和欧元区政策协调机制的缺失。"欧猪五国"国内经济结构不合理与低效是此次危机的根本原因,解决危机有赖于欧元区从制度设计完善和落实的角度提高经济主权统一的速度和程度。
[Abstract]:To examine the history of the international currency crisis and the current situation of the European debt crisis. The third generation international currency crisis theory can be expanded from the causes of crisis and transmission mechanism. The outbreak of European debt crisis presents new characteristics:. The current currency crisis has more and more reflected the democratic political risk and the collective moral hazard from the system level. On the financial level, the derivatives are overtraded and the international spillover effect of the balance sheet is aggravated. At the same time, the transmission direction and transmission link of the international currency crisis have changed obviously. The European debt crisis is the inevitable product of the financial deepening wave since 1970s. It also stems from the current unbalanced international monetary system and the lack of a coordinated mechanism for the policies of the euro zone. The irrational and inefficient domestic economic structure of the "European Pig five" is the fundamental cause of the crisis. Resolving the crisis depends on improving the speed and degree of economic sovereignty unification from the point of system design and implementation.
【作者单位】：中国人民大学经济学院;
【分类号】：F820;F815
【正文快照】： 一、问题的提出与文献综述自1998年俄罗斯金融危机以来,世界经济几乎没有发生过大的金融危机。一种认为“人类已经吸取了足够教训,可以避免大型金融和经济危机”的观点开始流行时,次贷危机却爆发了。紧接着,从2009年10月希腊前总理帕潘德里欧公开承认其前任隐瞒了巨额财政赤

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