信贷紧缩:全球性的深度解剖

Credit Contraction: In-depth Analysis on Globalization

美国次贷危机不仅引起了世界著名金融机构的巨额亏损,而且还导致了发达国家金融市场中流动性短缺;同时,受通货膨胀的影响,全球绝大部分中央银行开始了周期性的加息政策安排。信贷紧缩已经构成了对全球经济增长的最重大威胁。为此,加强贴现窗口、拍卖贷款权和引进外部资金已经成为国际范围内主要国家金融管理层的共同选择。

US sub- prime crisis causes not only great losses of world famous financial instutions but also shortage of liquidity in the financial markets of developed countries. In the meantime, due to inflation pressure, most central banks in the world began their cyclical policy arrangement to raise interest rate. Credit contraction has become the biggest threat to global economic growth. Therefore, to strengthen discount window, auction lending right and attract foreign funds have become the common measures of financial authorities of major countries in the international community.