摘要
美国次贷危机爆发以来,对于危机引发原因的探讨一直没有停止过,但大都没有深入到危机背后的经济根源。本文首先基于次贷发生和演变的过程,对引发次贷危机的原因做了一个简要回顾,导出了此次全球性金融危机爆发的根源——"美元环流"下的全球经济结构失衡;以系统分析当前全球经济结构失衡的典型特征为切入点,甄别出"美元环流"对全球经济结构失衡的推动作用,进而引致此次全球性的金融危机:美元本位制-"美元环流"-全球经济失衡-全球流动性过剩-金融危机爆发和蔓延。
What is the cause of the financial crisis？ The relevant researches have never stopped since the outbreak of the U.S. sub-prime mortgage crisis, but the most did not go deep into the economic root of the crisis. Based on the occurrence and evolution process of the sub-prime mortgage, the paper makes a brief review on the trigger causes of the global financial crisis, and finally figures out its root causes-the structural imbalance of the global economy under the ＂dollar circumfluence＂ . Furthermore, starting with the systematic analysis on the typical characteristics of the global economic imbalance, the paper screens out that the global economic imbalances, driven by the ＂dollar circumfluence＂ , result in this global financial crisis： dollar-based system-＂dollar circumfluence＂-the global economic imbalances-the global excess liquidity-the outbreak and overspreading of this financial crisis.
出处
《国际金融研究》
CSSCI
北大核心
2010年第10期37-45,共9页
Studies of International Finance
关键词
美元本位制
美元环流
全球经济失衡
金融危机
Dollar-based System
Dollar Circumfluence
Global Economic Imbalances
Financial Crisis
