美元的结构权力与全球经济调整  

The Structural Power of U. SDollar and Global Economic Adjustment

作　　者：王铁军[1] 

机构地区：[1]华东师范大学国际关系与地区发展研究院

出　　处：《财经科学》2014年第12期22-29,共8页Finance & Economics

摘　　要：本文认为美国在全球货币体系中的结构性权力使其可以在大规模的资本流入、资产通胀和消费增长的情况下,诱使东亚新兴市场国家建立出口导向型经济,以此巩固其金融主导的经济增长制度。全球信贷危机明确暴露了美国货币霸权的界限,迫使全球政治经济进行深刻的调整。本文通过分析全球经济调整的政治经济内涵,认为美国货币霸权的危机在国内体现为金融主导型增长制度的危机,在全球范围内则体现为需求不足。通过分析危机对美国资本主义模式、欧元区和中国的影响,认为全球需求不足将会在短期至中期内持续存在。This paper argues that the structural power of dollar in global monetary system enables the United Statesunder the circumstance of large - scale capital inflowsasset inflation and consumption growthto lure east Asian emerging market countries establishing export - oriented economyso that it can consolidate its finance - led economic growth regimeTbe global credit crisis clearly exposed the limits of American monetary hegemonyforcing profound global political and economic adjustmentThis paper will analyze the political and economic connotations of global economic adjustmentand argue that the currency crisis of US Dollar hegemony rellected the crisis of fi- nance - led growth model domestically and the scarce of global demand internationallyThrough the analysis of the crisis on the American model of capitalismthe Euro area and the impact of Chinawe believe that lack of global demand will persist in the short to medium term.

关 键 词：货币权力 金融主导的经济增长 出口带动的增长 

分 类 号：F827.12[经济管理—财政学] F113