發(fā)達(dá)國家金融系統(tǒng)的去杠桿化趨勢(shì)及其影響
發(fā)布時(shí)間:2018-08-08 19:43
【摘要】:由美國次貸危機(jī)引發(fā)的金融危機(jī)的根源被普遍認(rèn)為是過度證券化所致,因而引發(fā)了世界特別是發(fā)達(dá)國家對(duì)去杠桿化的思考。去杠桿化是走出這場(chǎng)國際金融危機(jī)的必由之路,其對(duì)社會(huì)經(jīng)濟(jì)的影響極大,甚至可能導(dǎo)致流動(dòng)性枯竭、金融危機(jī)的加深和擴(kuò)大。本文闡述了危機(jī)發(fā)生前主要發(fā)達(dá)國家的金融系統(tǒng)杠桿化過程及其程度并討論了金融系統(tǒng)杠桿化的得與失,通過對(duì)近3年來發(fā)達(dá)國家金融系統(tǒng)去杠桿化的討論對(duì)金融系統(tǒng)去杠桿化的影響進(jìn)行評(píng)價(jià)。
[Abstract]:The origin of the financial crisis caused by the subprime mortgage crisis in the United States is generally considered to be caused by excessive securitization, which leads to the thinking of deleveraging in the world, especially in developed countries. Deleveraging is the only way out of the international financial crisis, which has a great impact on the social economy, and may even lead to the depletion of liquidity and the deepening and expansion of the financial crisis. This paper describes the process and extent of financial system leverage in major developed countries before the crisis, and discusses the gains and losses of financial system leverage. The impact of deleveraging on financial systems in developed countries is evaluated through a discussion of deleveraging in developed countries in the past three years.
【作者單位】: 上海社會(huì)科學(xué)院世界經(jīng)濟(jì)研究所;
【分類號(hào)】:F831.5
[Abstract]:The origin of the financial crisis caused by the subprime mortgage crisis in the United States is generally considered to be caused by excessive securitization, which leads to the thinking of deleveraging in the world, especially in developed countries. Deleveraging is the only way out of the international financial crisis, which has a great impact on the social economy, and may even lead to the depletion of liquidity and the deepening and expansion of the financial crisis. This paper describes the process and extent of financial system leverage in major developed countries before the crisis, and discusses the gains and losses of financial system leverage. The impact of deleveraging on financial systems in developed countries is evaluated through a discussion of deleveraging in developed countries in the past three years.
【作者單位】: 上海社會(huì)科學(xué)院世界經(jīng)濟(jì)研究所;
【分類號(hào)】:F831.5
【參考文獻(xiàn)】
相關(guān)期刊論文 前9條
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