次贷危机引起的金融市场混乱及其对策建议

Financial Market Disturbance Caused by Subprime Crisis and Proposals

一年以前,美国发生的次贷危机不仅蔓延到美国房贷市场的其它部门,也影响了全球金融体系。本文略述了这场危机的起源和特征,讨论了美国次贷危机向全世界金融市场的蔓延以及金融市场出现紧张状况时一国的中央银行的货币政策应做出的反应,提出了一些经济与机构改革的建议,以避免未来再次发生类似的金融市场混乱和金融危机。

A year ago, the subprime crisis was emerged in the USA. It has not only spread to other segments of the USA housing market but affected the world financial system. This paper outlines the main characteristics of the crisis and discusses the responses of monetary policy to tension in financial markets. It also presents some proposals for economic and institutional reform to avoid the occurrence of a similar crisis inthe future.