新兴市场与发达市场金融危机的不同特点与反危机政策比较——以东亚金融危机和2008年美国金融危机为例  

The Different Characteristics of Emerging Markets & Developed Markets in Financial Crisis and the Comparison of Anti-Crisis Policy

作　　者：马宇[1] 

机构地区：[1]山东工商学院经济学院

出　　处：《武汉大学学报（哲学社会科学版）》2010年第2期231-236,共6页Wuhan University Journal：Philosophy & Social Science

基　　金：国家社会科学基金项目(09BJL037);山东省自然科学基金项目(Y2008H34);教育部人文社会科学研究规划项目(09YJA790123)

摘　　要：新兴市场国家与发达国家的金融危机具有不同特点,因此,在反危机政策方面也存在区别。通过对2008年美国金融危机和1997年东亚金融危机比较发现:在危机爆发阶段,美国采取了超常宽松的货币政策和财政政策,而东亚国家采取了紧缩的货币政策和财政政策;美国政府出台政策较少考虑外部均衡和汇率问题,而东亚国家则将稳定汇率作为重要目标,通过紧缩货币政策和财政政策平衡国际收支和稳定汇率;美国政府直接对实体经济进行救助,而东亚国家较少救助实体经济。Financial crisis of emerging market countries and developed countries show different characteristics,therefore,in the anti-crisis policy differences also exist.By the 2008 U.S.financial crisis and the 1997 East Asian financial crisis in comparison and found that： The onset of crises,the U.S.has taken extraordinary loose monetary policy and fiscal policy,while the East Asian countries have adopted a tight monetary policy and fiscal policy;The U.S.government＇s policy of little consideration of external balance and exchange rate,while the East Asian countries will stabilize the exchange rate as an important goal,by tightening monetary policy and fiscal policy,balance of international payments and stability of exchange rates;the U.S.government to directly aid the real economy,while the East Asian countries are less rescue the real economy.

关 键 词：新兴市场 发达市场 金融危机 反危机 

分 类 号：F831.59[经济管理—金融学]