基于资产负债表视角的美国金融危机再反思

Rethinking the US Financial Crisis Based on Balance Sheet

本文对2008年美国金融危机进行回顾和总结,从资产负债表的角度审视金融危机背后居民部门、企业部门、金融部门资产负债表内在变化轨迹,揭示经济现象背后货币和财政等在内的金融政策运行逻辑,总结美国金融危机的一般性金融规律和特点,探讨如何充分发挥和协调货币、财政等金融政策影响为企业发展提供良好金融环境,最后结合美国政府应对金融危机的措施给出建议结论,为宏观经济判断和决策提供借鉴。

This paper reviews the 2008 financial crisis in the United States.From the perspective of balance sheet,It examines the internal changes of balance sheets of the residential,business and financial sectors and focuses on revealing the financial logic behind the economic phenomena.It summarizes the general financial rules and characteristics and discusses how to give full play to and coordinate the influence of monetary,fiscal policies to provide a good financial environment for enterprises.It gives suggestions taken by the United States Government to deal with the financial crisis and provides reference for macroeconomic judgment and decision making.