迪拜债务危机：原因、影响及启示

Dubai Debt Crisis:Reasons,Influences and Implications

2009年11月25日,迪拜政府宣布将重组旗下最大的主权投资公司迪拜世界,延迟6个月偿还其即将到期的约600亿美元债务。此事引起全球金融市场对迪拜未来偿还能力的担忧,多国股市出现下跌。迪拜债务危机的爆发主要是迪拜的发展模式出现问题,导致在金融危机冲击下房地产价格大幅度下跌。欧洲银行业在此次危机中风险敞口最大。此次事件会使新兴市场资金流向和美元汇率短期受到影响,但对世界经济的长期影响有限。迪拜危机对中国影响较小,但其所暴露的问题值得我们关注。

November 25, 2009, the Government of Dubai announced that it would restructure its largest sovereign investment company Dubai World, and delayed 6 months to repay its maturing debt of appreximately 60 billion US dollars This has attracted global financial markets on concerns about Dubai＇ s future ability to pay, multicountry stock market fell. The outbreak of the Dubai＇ s debt crisis is mainly because the Dubai＇ s development model, resulting real estate prices fell sharply under the impact of fmancial crisis. In this crisis the European banking sector suffered the greatest risk exposure. This incident should not result in sovereign debt crises, the capital flows of emerging markets and U. S. dollar exchange rate will be affected shortly, longterm impact on the world economy is limited. The impact on China is small, but the problem it exposed deserves our emulation.