美国应对金融危机的措施研究:问题与启示  

Study of US Responding Measures to the Financial Crisis: Problems and Implications

作　　者：崔绍忠[1] 

机构地区：[1]外交学院国际经济学院,北京100037

出　　处：《西华大学学报（哲学社会科学版）》2011年第6期105-110,共6页Journal of Xihua University(Philosophy & Social Sciences)

基　　金：国家社科基金课题(11AJL004)的阶段性研究成果

摘　　要：为应对大萧条以来最严重的金融危机,在危机发展的不同阶段,美国政府连续不断地出台了一系列救市措施,从金融救援到实体解困,从应急式的"危机处理"到长期性的"结构调整"。这些措施对遏制经济深度下滑,提振美国经济,促进美国经济可持续发展起到了积极作用。但美国应对金融危机的措施有严重缺陷:刺激经济一揽子计划没有从根本上解决有效需求不足问题;房屋抵押品赎回权丧失问题没有得到根治,美国经济"失血"问题依然持续;金融业重组没有解决金融系统的激励机制扭曲问题,金融系统无法发挥其"造血"功能。美国应对金融危机的措施所面临的这些问题对于金融业重组方案原则的设定有着非常重要的启发。To deal with the most severe financial crisis of 2007/2008 since the great depression, the US carried out a set of meas- ures during the different stages of financial crisis, including financial rescue, quantitative easing, fiscal stimulus, etc.. All the meas- ures are very helpful to prevent the American economy from sliding into deeper recession. However, the measures are defective in na- ture： the economic stimulus package does not solve the fundamental problem of insufficiency of aggregate demand; the foreclosure prob- lem has not been controlled; the financial restructure plan does not rectify the problem of incentives and moral hazard. All these defects have major implications for setting up the principles of financial industry restructuring.

关 键 词：金融救援 量化宽松 经济刺激 房屋抵押品赎回权 激励机制 金融监管 

分 类 号：F830.99[经济管理—金融学]