实际经济活动与金融不稳定性

尽管影响金融不稳定的原因很多， 但实际经济与投资活动始终是最基本因素。这不仅表现在经济和投资活动失误、经济周期性波动以及结构变动可以直接导致宏观金融风险， 而且表现在深刻影响宏观金融风险形成和发展的金融投资过程， 也是受实际经济和投资活动制约的。经济结构失衡对宏观金融风险的影响是显著的， 结构性危机是经济与金融危机的常态。金融不稳定假说阐明了由资本主义不断发展而产生的导致金融危机的内在机制， 这种内在机制与经济周期的发展变化密切相关。

The Practical Economic Activity and Financial Instability

There are many reasons that affect the financial instability,however,the basic reason is always the practical economic and investment activity.This is reflected in the feature that the errors in economic and investment activities,economic periodical fluctuations and structure changes can lead directly to macro financial risks,and also in the feature that it affects the formation of financial risks and the process of financial investment.The hypothesis of financial instability shows the inner mechanism of financial instability induced by the development of capitalism,and this inner mechanism is closely related to the changes of economic cycles.