摘要
2008年国际金融危机显示了金融风险累积、爆发和传导机制的新特征,表明国际金融体系正在变化。完善国际金融体系是治理金融风险的前提。本文在归纳国际金融体系演变及其规律的基础上,提出当代国际金融体系应当关注美元地位不稳、金融集中化、金融活跃和风险并行等方面;并重点分析了储备货币安排、宏观政策管理、金融市场风险等方面的前景。最后,对完善国际金融治理体系,特别是新兴经济体积极发挥作用提出了展望。
The Global Financial Crisis(GFC) revealed emerging trends in origination and transmission of financial risks, indicating an on-going reshaping of international financial system(IFC). This article suggests that the evolution of IFC, often crisis-driven, is governed by dynamic balance in pursuit of an anchor of credit. The current IFC demonstrates exacerbated imbalances, higher concentration and entangled risk profile, generating vulnerabilities featuring unstable reserve currencies, macro policy spillovers, risk contagion and global financial governance fault-lines. This article proposes that seeking solutions to these challenges is prerequisite to shoring up weaklinks of IFC, while emerging economies are expected to contribute more actively in the process of reforming global financial governance.
出处
《国际金融研究》
CSSCI
北大核心
2019年第4期3-13,共11页
Studies of International Finance
关键词
国际金融体系
储备货币
金融脆弱性
金融治理
International Financial System
Reserve Currency
Financial Vulnerabilities
Financial Governance
