美国经济波动对东亚经济的影响

经济全球化使世界经济紧密联系在一起,各国经济也更易受到外部经济冲击的影响。本文考察了美国经济波动对东亚8个开放经济体的影响,结果显示,东亚经济大约有18%的波动来源于美国经济的冲击,这主要是因为美国和东亚保持着紧密的贸易和金融联系。由于各经济体在经济总量、汇率制度安排等方面的差异,造成受美国经济波动的影响也不相同。总体看,这些冲击持续的时间大约在15个季度。

Effects of the U.S. Economy Fluctuation on East Asia

National economies are linked more closely each other under the economic globalization,and also more vulnerable to external economic shocks.This paper examines the effects of the U.S.economy fluctuation on eight East Asian open economies,the results show that about 18%fluctuations of East Asian economies were from the U.S.economy shocks,it is mainly because of the close linkages on trade and finance between the United States and East Asia.Due to the economic disparities,the different kinds of exchange rate arrangements etc,the impacts of U.S.economy on East Asia are not the same.Overall,the duration of the impacts is about 15 quarters.