阿根廷债务危机的形成及启示——阿根廷金融危机探源之二  

CAUSES OF ARGENTINA'S DEBT CRISIS AND ITS LESSONS

作　　者：沈安[1] 

机构地区：[1]新华通讯社参考新闻编辑部,高级编辑。北京100803

出　　处：《拉丁美洲研究》2003年第3期15-18,共4页Journal of Latin American Studies

摘　　要：阿根廷金融危机实质上是一场以支付危机为主要特征的债务危机。它是因阿根廷政府丧失偿债能力、不得不宣布倒债而引发的。阿根廷债务危机启示人们,在全球化的条件下,一国政府只有坚决控制财政赤字,保持健康的财政,不断提高出口创汇能力,保持合理的资金流入,制定并实施恰当的债务政策,控制内外公共债务的规模,减少对外债的依赖,维护公共财政的平衡,保持政府信用,才能有效地避免债务危机的发生。The Argentine crisis that broke out at the end of 2001 was caused by the government's default; therefore, it was a debt crisis in nature. The debt was used to 1) accumulate foreign reserves for the purpose of maintaining the currency board; 2) finance the budget deficit; 3) service the debt itself; and 4) make up for the loss of capital flight. Argentina's heavy debt burden was created by the implementation of a strategy of growth-cum -debt, many years of fiscal deficits, high interest rates, weak export capacities, lack of tax reforms and the overvalued exchange rate system. One of the most important lessons we can draw from the Argentine crisis is that it is highly necessary to redefine the critical point of debt risks and maintain confidence of the investors in the economy. Also, it is important to reconsider the role of the IMF in saving the emerging markets from crisis. (Shen An)

关 键 词：阿根廷 债务危机 金融危机 政府财政 政府信用 债务政策 公共债务 IMF 

分 类 号：F817.836[经济管理—财政学]