国际经济一体化中的金融安全分析

The Financial Safty Analysis on International Economic Integration

经济全球化的自由化思潮、金融创新、宏观经济环境的两级分化产生了更加有效的金融体系和更为不稳定的金融市场。金融体系的稳定性决定于金融市场的稳定。影响金融市场稳定性的内因包括金融机构的内在脆弱性、金融衍生产品的创新、金融市场基础设施的不完备性 ;外因产生于金融资本的两个基本特征 :万能垄断者和金融资本与国家安全的关系。这些关系是国际资本流动和国际金融市场不稳定的主要原因。正常的国际资本流动可以改善金融资源的配置状况 ,而非正常的霸权性国际资本流动只会引起金融市场的混乱而危机金融安全。采取多极化的反国际金融霸权的战略与策略是保证金融市场稳定与安全的重要条件之一。

The liberalization, financial innovation and macroeconomic environment's polarization have evolved a more and more effectual and non-stable financial system in the international economic integration today. Financial market determines financial system's stability. The factors that influence stability of the financial market includes two types. Internal factors contain financial institution's internal fragility, derivative goods innovation and financial basic facilities non-perfection. External factors have two basic features:one is monopoly, the other is the relationship between the financial capital and the government. These are important elements about international capital flow and international financial market stability. International capital flow, which is normal flow, can improve financial resources allocation but international financial hegemonies capital flow that is non-normal competition may be just cause financial market confusion and crisis. One of the important conditions that ensure financial market stability and security is multiplepole strategy.