金融萧条的重现与信用迷失——从信用危境到信用迷失

Recur of Financial Depression and the Credit Lost——From Credit Risk to Credit Lost

美国和日本20世纪90年代初开始的以金融部门为主导的经济萧条,被称之为金融萧条。当前的金融危机同样是以金融部门为主导的经济萧条,但与90年代经济萧条源于信用危境不同,当前的金融危机是信用迷失的结果。文章通过比较90年代的金融萧条与当前的金融危机,得出结论:信用货币体系中的内在缺陷是造成信用迷失的基础,要恢复实体经济秩序,才能保证货币或者金融在现代经济中的地位和作用。

The economic recession of financial sectors in the United States and Japan has been described as ＂financial depression＂, which began in the early 90＇ s of the 20th contury. The current financial crisis is also caused by the economic recession of financial sectors, but different from the credit danger in 90＇ s, which is the result of the credit lost. The article compares the composite depression in 90＇s with the current financial crisis, which can show that the performance of the form of credit lost and its impact on the financial sector.