略论美元本位制下的国际货币体系内在脆弱性  

On the Inherent Frangibility 0f International Monetary System underU.S.Dollar Standard System

作　　者：姚军[1] 孙会国[2] 

机构地区：[1]天津广播电视大学学报编辑部,天津300191 [2]天津广播电视大学经管学院,天津300191

出　　处：《现代财经（天津财经大学学报）》2010年第1期8-13,共6页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

摘　　要：布雷顿森林体系之后,国际货币体系的核心是"美元"本位。但美元本位制本身存在难以调和的矛盾,导致世界经济的发展陷入一种"经济增长→贸易失衡→信用扩张→流动性过剩→资产价格膨胀、通货膨胀→通货紧缩"的循环过程。本文在简单阐述国际货币体系沿革的基础上,从贸易分工、内在调节机制、货币层面、储备货币、政策协调和成本分摊以及贸易失衡的调节机制方面论述了美元本位制的内在脆弱性,指出正是其自身的因素导致世界经济的循环过程。In post Bretton Woods System era, dollar standard system, as the core of international montaty System, can lead to a circle： economic growth--overbalance of trade--- expansion of credit-- excess liquidity--inflation- deflation. Based on the evolution of international montaty System ,the paper discuss the inherent frangibility of dollar standard by the analysis of built--in adjustment mechanism, reserve currency, PolicyCoordination, cost assignment and the regulatory mechanism on trade overbalance, and it point out that itself is the real reasean of the circle.

关 键 词：金本位 美元本位制 脆弱性 

分 类 号：F830[经济管理—金融学]