It is inevtable that dollarilization, one of base paths towards financial regionalization and globalization, appeared in Latin America first. Dollarilization makes home residents obtain the right of choosing currency ...It is inevtable that dollarilization, one of base paths towards financial regionalization and globalization, appeared in Latin America first. Dollarilization makes home residents obtain the right of choosing currency freely and resicts governmental inflation trend as well. However, it severely weakens the home currency, and aggravates such general problems as uncertainty of currency demand, exchange volatility, evenannoying deflation effect. With the challenge from dollarilization, a government has to either admit the existence of dollarilization and control the dollarilization risk via prudent supervision, or restrict the dollarilization, then eliminate the factors resulting in dollarilization.展开更多
对于金融自由化理论及其政策主张,反对者甚众.早期,以新结构主义为主,近期则以斯蒂格里兹主张的金融约束理论影响最大.然而分析两大反对派的观点后发现,"两者(金融自由化与反对派)的区别并不是要不要金融自由化,而是如何自由化.&qu...对于金融自由化理论及其政策主张,反对者甚众.早期,以新结构主义为主,近期则以斯蒂格里兹主张的金融约束理论影响最大.然而分析两大反对派的观点后发现,"两者(金融自由化与反对派)的区别并不是要不要金融自由化,而是如何自由化."(Yoon Je Cho,1990)展开更多
文摘It is inevtable that dollarilization, one of base paths towards financial regionalization and globalization, appeared in Latin America first. Dollarilization makes home residents obtain the right of choosing currency freely and resicts governmental inflation trend as well. However, it severely weakens the home currency, and aggravates such general problems as uncertainty of currency demand, exchange volatility, evenannoying deflation effect. With the challenge from dollarilization, a government has to either admit the existence of dollarilization and control the dollarilization risk via prudent supervision, or restrict the dollarilization, then eliminate the factors resulting in dollarilization.
