英国退欧与英镑和国际收支平衡间的关系  

Brexit and Pound Sterling

作　　者：丹尼尔·格罗斯 

机构地区：[1]欧洲政策研究中心

出　　处：《中国货币市场》2016年第11期19-23,共5页China Money

摘　　要：英国脱欧公投后，英镑一直承压，并引发国际收支危机重演等警示。文章指出，硬脱欧预期对于英镑汇率的影响主要不在于货币或汇率政策，关键还在于英国巨额经常账户赤字，及英国脱欧对英国长期增长前景和伦敦金融中心地位的影响．还不能确定英镑是否需要进一步走弱以实现英国的可持续外部均衡。Since the Brexit, the pound has been under pressure and there has been a concern on another balance of payments crisis. The article asserts that, the strong impact that expectations of a hard Brexit have on the exchange rate must be connected with other factors than monetary or exchange rate policy. The key factors seem to be the large current account deficit, and the impact Brexit might have on the long term growth prospects of the UK and on the role of the city of London as a financial center. It is not possible to say whether further weakness of the pound is required to achieve a sustainable external balance for the UK.

关 键 词：国际收支平衡 英国 英镑 国际收支危机 经常账户赤字 金融中心地位 汇率政策 外部均衡 

分 类 号：F832.6[经济管理—金融学]