新冠肺炎疫情、金融市场震荡与金融危机

COVID-19 Pandemic,Financial MarketTurmoil and Financial Crisis

新型冠状病毒感染肺炎疫情在全球快速蔓延后,美国等国家金融市场出现大幅度震荡,历史罕见。金融市场震荡是疫情影响投资者信心,金融市场本身的风险需要释放,以及经济基本面悲观预期等因素共同作用的结果。目前来看,疫情对实体经济造成冲击,疫情应对情况也在很大程度上决定了金融市场震荡是否演化为全球金融危机,国外金融市场震荡对国内金融市场的传导需要审慎理性处理。

The COVID-19 pandemic has been spreading rapidly around the world, and the financial markets in the United States and other countries are experiencing a significant turbulence, which is rare in history. The financial market turmoil is the result of the collective effect of the epidemic that affects investors’ confidence, the risk of the financial market itself which needs to be released, and the pessimistic expectations of economic fundamentals.At present, the epidemic has an impact on the real economy, and the epidemic response situation also largely determines whether the financial market turmoil will be evolved into a global financial crisis, and the transmission of foreign financial market turmoil to domestic financial markets needs to be handled carefully and rationally.