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| | There is diversity about the mocro effect analysis of financial innovation at present.Thie article focus on theoretical discussing and analyzing financial innovation improvement,money Demand supply system and financial stability.As the conclusion of this article,we believe that financial innovation not only promote financial developing but also make it difficult for Monetary policy construction,it might led to potential financial system crisis too. | | 在金融创新宏观效应的讨论中 ,目前存在较大分歧 ,本文在理论层面上对金融创新推动金融深化、金融创新活动中货币供求机制的变化以及金融创新与金融体系稳定性问题进行了探讨和分析 ,认为金融创新是“双刃剑”既促进了金融发展 ,又为货币政策的制定带来困难 ,同时也增加了金融体系的潜在危机 | | 文摘来源 | | The liberalization, financial innovation and macroeconomic environment's polarization have evolved a more and more effectual and non-stable financial system in the international economic integration today. Financial market determines financial system's stability. The factors that influence stability of the financial market includes two types. Internal factors contain financial institution's internal fragility, derivative goods innovation and financial basic facilities non-perfection. External factors have t... | | 经济全球化的自由化思潮、金融创新、宏观经济环境的两级分化产生了更加有效的金融体系和更为不稳定的金融市场。金融体系的稳定性决定于金融市场的稳定。影响金融市场稳定性的内因包括金融机构的内在脆弱性、金融衍生产品的创新、金融市场基础设施的不完备性 ;外因产生于金融资本的两个基本特征 :万能垄断者和金融资本与国家安全的关系。这些关系是国际资本流动和国际金融市场不稳定的主要原因。正常的国际资本流动可以改善金融资源的配置状况 ,而非正常的霸权性国际资本流动只会引起金融市场的混乱而危机金融安全。采取多极化的反国际金融霸权的战略与策略是保证金融市场稳定与安全的重要条件之一。 | | 文摘来源 | | The turmoil of international financial environment and the financial containment of the developed countries make it impossible for China and the other developing countries to achieve financial success through traditional development route.The financial innovation and financial globalization,in nature, have strengthened the developed countries'financial containment and enabled them to employ the development of "financial ecouomy"and the determination of their financial advantages worldwise as the major route... | | 国际金融环境的动荡和发达国家的金融压制使我国和其它发展中国家的金融业已不可能沿用传统的发展道路取得成功。金融创新和金融全球一体化实际上大大强化了发达国家实施金融压制的能力 ,使他们能够把发展“金融经济” ,在世界范围内确立其金融优势地位作为推动本国经济发展的主要途径。以金融形式占有别国财富具有了特别重要的意义。在这种条件下我国必须选择一条既能不断增强我国金融体系稳定性又能不断提高金融效率和功能的超常规发展道路。 | | 文摘来源 | |   | | << 更多相关文摘 |
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