摘要
金融危机成因固然复杂,但是循着新兴市场金融危机特征、金融危机模型以及大量相关实证分析的路径,可以追溯到金融危机的主要生成条件。在固定汇率制条件下开放金融业,如果出现宏观基本面恶化、金融体系扭曲、公众对政府政策预期不乐观等现象,金融危机就有可能在各种层面孪生、爆发并传染。金融危机爆发的充要条件是值得中国政府开放金融市场进程中予以关注的。
Since 90's of last century, there are many financial crises exploding in the emerging market, which supply serial samples to analyze. The purpose of this paper is to seek the factors that lead to those financial crises, twin crises and contagion crises, so that we can conclude the sine qua non of openingup of Chinese finance.
出处
《广东金融学院学报》
2006年第4期80-84,共5页
Journal of Guangdong University of Finance
关键词
金融危机
固定汇率制
金融开放
Financial crises Fixed exchange rates regime Opening-up of Finance