美国的金融自由化与经济虚拟化

本文阐述美国金融自由化政策与经济虚拟化的关系。美国经济虚拟化的核心是杠杆机制、金融创新机制,以及债务—美元体系下的国际资本自由流动。2008年美国金融危机是经济、金融去杠杆化的危机和美元危机,金融市场没有能力恢复对高杠杆机制的信心,美国经济和美元地位也就相对下降。政府在推行金融自由化政策时,要注重对高杠杆金融活动的管制,对虚拟经济发展进行更系统的干预。

On Liberalization of Finance and Economic Virtualization

The paper demonstrates the relationship between American financial liberalization policies and the fictitious economy.The leverage,financial innovation mechanisms and the free flow of international capital under the debt-dollar system are the cores of U.S.fictitious economy.Essentially,the American financial crisis in 2008 was the crisis of financial de-leveraging and the dollar.Besides,the economic and financial systemic risks caused by the disruption of the mechanisms have been neglected by the government...