金融服务贸易自由化: 走在国内稳定和国际冲突的边缘

Free Trade in Financial Services:Walking the Tightrope between Domestic Stability and International Shocks

本文就金融服务贸易自由化问题进行探讨，分为四个部分：第一部分从理论上对金融产品自由贸易的获利分析进行阐述；第二部分分析了金融产品贸易和其它普通商品贸易的不同特征，并对存在的不同观点加以分析；第三部分指出金融服务贸易自由化的宏观经济涵义；最后得出政策结论和对我国金融服务开放的一些看法。

This article reviews the arguments in favor of free trade in financial services, organized as follows: section 1 presents the theoretical case for the traditional gains from trade in financial products; section 2 elaborates on the characteristics that differentiate trade in financial products from trade in ordinary goods and on why these different characteristics might justify a differentiated treatment; section 3 recalls macroeconomic implications of freer financial trade; section 4 draws the policy conclusions and gives the authors' opinion about the China's openness of financial services.