摘要
金融衍生产品从诞生起就具有"双刃剑"的功能。在此次金融危机中,金融衍生产品扮演着一个传播风险和放大风险的角色,金融衍生产品规模的无限膨胀是造成金融危机的真正原因。占衍生产品市场交易总额59%的信用违约掉期(CDS)一半在美国,其资本市场市值达300多万亿美元,是美国GDP的15倍。这告诉我们,保持适度的金融衍生产品规模,对其功能重新进行定位,因势利导、扬长避短、发挥其应有作用,才是符合科学发展观的金融创新思路。
Financial derivative products are like a double-edged sword since they were introduced to the market. During the financial crisis, financial derivative products played a role of risk extension and enhancement and no limitation for their scale led to the financial crisis. The half of CDS was in the USA, which accounted for 59% of the financial derivative products market transaction, worth more than 300 trillion dollars in capital market, as fifteen times as the GDP of the USA. It is concluded that the right way of financial innovation conforming to the scientific outlook on development is to ensure a proper scale of financial derivative products and reposition their fimctions, taking into consideration their advantages and disadvantages, and opportunities ahead.
出处
《江西财经大学学报》
CSSCI
北大核心
2009年第4期24-27,共4页
Journal of Jiangxi University of Finance and Economics
关键词
金融衍生产品
规模
双刃剑
金融创新
financial derivative products
scale
double-edged sword
financial innovation
