对称冲击下的国际货币政策协调博弈分析

The Gambling Theory Analysis of Balanced International Monetary Policy Coordination

上个世纪 90年代以来随着金融自由化加深、区域经济及全球经济一体化进程加快 ,国际金融和国际资本流动的规模与频率都达到了前所未有的程度。这给相关国家带来发展机遇的同时 ,也加剧了危机爆发的潜在风险。因而 ,金融自由化、全球化使各国经济紧密联系在一起 ,一个国家的货币政策可能通过溢出效应、反馈效应对其他国家产生影响。这就对国际间的货币合作与协调提出了更高的要求 ,即通过国际间货币协调来促进世界经济持续、稳定与健康发展。

The scale and rate of the international finance and capital operation has reached an unprecedented level along with the deepening of the financial liberalization in China and the expediting of regional economy and economic globalization since 1990s. A huge amount of capital operation has brought to related countries both with unprecedented opportunities of development and potential risks of financial crises. Therefore, the financial liberalization and economic globalization have made the economy of all countries have a close connection. The monetary policy on the effect of overflowing and reaction in one country may lay the influence on other countries in different ways. It requires more cooperation and coordination of international monetary systems to keep the sustainable, stable and healthy development of the world economy by means of the coordination.