中美金融恐怖平衡生成基

发布时间：2019-02-23 20:37

【摘要】：中美经济增长方式的差异性是导致中美金融恐怖平衡的根源,直接反映的是全球商品与美元流动的方向性失衡。在现行国际货币体系(BWII)下,美元固有的高风险性及美国对债务型经济的高度依赖,导致其融资成本不断上升,债券融资需求持续扩大。中国促进经济转型与投资多元化的努力,导致对美元资产需求相对减少,加之美国经济增长模式调整及制造业重振,意味着美国输出美元交换中国商品的互补性格局正在逐步向竞争性格局转化,这使得继续维系中美金融恐怖平衡格局面临困境。该格局的有效化解还有赖于双方现有发展模式的成功调整,同时中国也需要促进外汇储备资产管理多元化,推动国际货币体系改革与人民币国际化进程。
[Abstract]:The difference of economic growth mode between China and the United States is the root of the balance of financial terror between China and the United States, which directly reflects the directional imbalance between global commodity and dollar flows. Under the current international monetary system (BWII), the inherent high risk of the dollar and the high dependence of the United States on the debt-based economy have led to the rising financing costs and the continued expansion of the demand for bond financing. China's efforts to promote economic transformation and investment diversification have led to a relatively low demand for US dollar assets, coupled with the adjustment of the US economic growth model and the revival of manufacturing. This means that the complementary pattern of U.S. dollar exports in exchange for Chinese goods is gradually changing to a competitive pattern, which makes it difficult to maintain the balance of financial terror between China and the United States. The effective solution of this pattern also depends on the successful adjustment of the existing development models of both sides. At the same time, China also needs to promote the diversification of the management of foreign exchange reserve assets and promote the reform of the international monetary system and the internationalization of the RMB.
【作者单位】：长沙理工大学国际贸易研究所;长沙理工大学经济与管理学院;
【基金】：国家社会科学基金项目“金砖国家外汇储备合意规模测度:多重动机、大国模型与合作调整”(13BGJ039) 湖南省社会科学基金重大项目“湖南省在开放型经济发展中补齐短板、创造优势的思路与对策研究”(13ZDA03);湖南省社会科学基金项目“人口年龄结构对中美贸易失衡的影响及调整研究”(12YBA232);“美国再工业化对我国制造业发展的负面影响研究”(11YBA007) 湖南省国际经济与工程管理研究中心项目“制造业重振背景下美国能源独立战略的缘起及影响研究”(13IEPM04)
【分类号】：F124;F171.2

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