信用深化、经济虚拟化与现代金融危机

On Deepening of Credit,Economic Virtualization and Current Financial Crisis

随着信用制度的发展,虚拟资本在发达国家以多种形式蓬勃发展起来。20世纪70年代初货币虚拟化后,形成了债务—美元主导的国际货币体系。货币和债务发行约束的缺位,为经济虚拟化过度发展提供了宏观基础条件。美欧发达国家通过金融全球化方式将虚拟经济模式扩展到全球。在这个过程中,缺乏约束的国际货币体系和缺乏有效监管的虚拟经济活动,成为现代金融危机的特殊机制,现代金融危机呈现出新特点。

We demonstrate that with the development of credit system, many kinds of fictitious capital are developed in developed countries. After 1970＇s, debt-dollar money system is created. Because US government did not limit it＇s money and debt, fictitious economy has expanded in last 26 years. Then developed countries encouraged this trend in the world. During this process, the imbalance of international monetary system and the problem of financial supervision become the key issue in contemporary financial crisis.