纸币本位下经济复苏的政策选择——基于30年代的回顾

由于1930年代实行金本位制,各国不能采用货币政策和财政政策来刺激经济,而是往往在货币贬值、外汇管制和贸易保护三种办法中选择一种或两种,最终的结果是国际贸易大幅减少,全球经济衰退加剧。我们刚刚经历全球金融危机,如何在目前信用本位——纸币本位情形下,既严守货币纪律,又提升经济发展,是一个值得思考的问题,然而,目前的情形是发生竞争性货币贬值的危险相对较大。如何避免悲剧重演考验着各国的智慧和意志。

Policy Choices Under the Economic Resurgence's of Paper Money Standard——Based on the Review of the 1930s

Because of the 1930's gold monometallic implementation,various countries could not use the monetary policy and the financial policy to stimulate economy,they often choose one kind or two kinds among the currency devaluation,the foreign exchange control and the trade protected the final result was the large reduction of international trade and the the global economic declined.We just experienced the whole world financial crisis,how to strict observance monetary discipline and promotes the economic developmen...