货币体系、货币政策与经济危机  

Monetary System,Monetary Policy and Financial Crisis

作　　者：胡春田[1] 高蓓[1] 

机构地区：[1]西安交通大学金禾经济研究中心

出　　处：《国际金融研究》2009年第9期15-23,共9页Studies of International Finance

摘　　要：2007年爆发的金融危机给世界经济造成严重影响,目前对危机根源的已有研究多从"监管缺位"、"政策失误"、"低估风险"等方面进行。本文在前人研究基础上另辟蹊径,从"货币"角度层层剖析危机成因,并提出现行货币体系的不完善是最终引发此次危机的罪魁祸首。因此,货币体系改革势在必行,货币体系改革不仅对发展中国家,对发达国家同样有着非同寻常的意义。文章最后分析了已有改革方案,并对我国在未来改革中可行的作为提出一些建议。The financial crisis erupted in 2007 has inflicted heavy loss on the world economy, while the existing researches on the root causes of this crisis primarily focus on the lack of regulation, false policy and the undervalued risks. Building on such researches, this paper analyses the root causes of this crisis from the perspective of ＂currency＂ and proposes that the deficient International Monetary System is the culprit of the crisis. Therefore, the reform of the International Monetary System is obligatory, which is unusually significant for both developing countries and developed countries. At the end, the paper reviews the existing reform plans and gives suggestions for the role of China in the future reform.

关 键 词：次级抵押贷款危机 货币政策传导 泰勒规则 国际货币体系改革 

分 类 号：F831[经济管理—金融学]