从东亚金融危机看货币危机与银行危机的共生性

The Twin Crises of Banking and Currency: An Example of the East Asian Financial Crises

80年代以来 ,世界范围内发生的 2 0余次金融危机均表现出货币危机与银行危机的共生性。文章在对东亚金融危机具体分析的基础上 ,探讨了货币危机和银行危机的相互强化机制 。

More than 20 financial crises in the world have been characterized as the twin crises of banking and currency since the 1980s. This paper analyses the mechanism of the twin crises in the case of the East Asian financial crises, and points out its causes from the view of financial liberalization and the moral hazard .