香港联系汇率制度下的资产泡沫:新一轮挑战的评估、对策与启示  

Asset Bubble under the Hong Kong's Linked Exchange Rate System:Assessment,Countermeasures and Implications of a New Round of Challenge

作　　者：潘成夫[1] 

机构地区：[1]广东商学院,广东广州510320

出　　处：《南方金融》2010年第1期37-39,62,共4页South China Finance

摘　　要：在金融危机中,大量资金流入香港。联系汇率制度为香港维护金融稳定、促进经济增长等方面发挥了重要作用。随着资金的持续流入,资产泡沫的潜在威胁也越来越大,香港经济面临着新一轮挑战。为此,本文在对香港应对危机的措施和效果进行简要回顾的基础上,对资金大量流入香港引发资产泡沫的可能性及其影响进行了评估,提出严防银行为追求短期利润承担过大借贷风险、增加土地供应、加大对投资者警示力度、采取行政措施限制从中国内地流入的可疑热钱等对策,进而分析其对中国内地防范资产泡沫的启示意义。During the financial crisis, large amount of capital flows into to HK which brings high pressure to dollar linked system. The dollar linked system has played a significant role in safeguarding HK＇ s financial stability and facilitating its economy. Therefore, this paper briefly reviews the measures taken during the crisis and its effectiveness, then assesses the possibility of asset bubbles due to large scale capital inflows and its severity, and puts forward measures including avoiding burdening too much credit risk through seeking short-run profits, increasing land supply, intensifying warning on investors and taking administrative measures to limit capital inflow from China's Mainland. This paper finally explores its implications to prevent asset bubbles in China's Mainland.

关 键 词：金融危机 联系汇率 资产泡沫 量化宽松 

分 类 号：F832.6[经济管理—金融学]