美国金融衍生品的异化与监管

U. S. Financial Derivatives Alienation and Supervision

金融衍生品的异化是导致美国金融危机的重要原因。美国金融衍生品过度脱离实体经济,导致高杠杆性、定价的扭曲性、风险的隐蔽性和欺骗性。因此,中国应当坚持安全优先的监管理念,提高金融衍生品的透明度,适当限制金融衍生品的种类,稳步发展金融衍生品市场。

The alienation of financial derivatives is an important cause for the U.S. financial crisis. U.S. financial derivatives being too far away from the real economy result in highly leveraged nature, pricing distortions, and fraudulence and concealment of risks. Therefore, China should adhere to the supervision concept of security priorities, enhancing the transparency of financial derivatives, appropriately restricting the types of financial derivatives, so as to make a steady develooment of financial derivatives market.