美元—华尔街体系演变及危机对人民币国际化的启示

The evolution and crisis of the Wall Street system and Its Enlightenment to the internationalization of RMB

本文在梳理国内外学者对美元—华尔街体系研究的基础上,详细论述美元—华尔街体系的建立、演变及其危机,总结美国支撑美元—华尔街体系所采取的措施。结合美国对欧元、人民币等新兴货币国际化所采取的遏制政策措施,通过创建泡沫指数并分析其预警价值,揭示了该体系运作的实质与危机产生的根源,以及对于人民币国际化成功推进的参考价值,对中国自贸区金融改革具有一定的警示与借鉴意义。

On the basis of combing the domestic and foreign scholars' research on the dollar- Wall Street system.This paper discusses in detail the establishment,evolution and its crisis of the dollar-Wall Street system,and summarizes the measures taken by the United States to support the dollar-Wall Street system.According to the American containment policy on the euro,and the internationalization of RMB and other emerging currency,by creating a bubble index and analyzing the early warning value,this paper reveals the essence and origin of the operation of the system generated by the crisis,and the reference value for the internationalization of the RMB and some warning and reference for Chinese FTA financial reform.