国际短期资本流动的新特征、形成根源及发展趋势

Analysis on the New Characteristics,Origin and Development of International Short-term Capital Movement

国际短期资本流动近年来发展迅速,呈现出扩张化、衍生化、波动性和投机性不断增强的特征,而世界经济体系的失衡以及国际货币体系的内在矛盾则使这些特征进一步强化。在经济全球化和金融自由化的推动下,国际短期资本流动的破坏力也在日益增强,因此建立国际短期资本流动监管与约束体系势在必行。

International short-term capital movement went through a rapid development in recent years,and is playing an important role in the world economy.Especially in the current global financial crisis,international short-term capital movement is one of the key factors.In this paper,the recent characteristics of international capital movements are summarized.And a more detailed analysis of the reasons for the current features of international capital flows is carried out.The main conclusions show that the imbalance of world economic system and the deep-rooted contradictions of international monetary system are the essential reasons for the new features of international short-term capital movement.Economic globalization and financial liberalization have also played an important role in providing the environment for the international short-term capital movement.Finally,we look forward to the future development trend of international short-term capital movement.