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引言 在亚洲金融危机爆发了一年多以后,人们对于其大致的原因以及应该采取什么措施来防止危机的复发,似乎仍然没有取得一致的看法。尽管有关的论文、讨论会、出版物和官方会议日益增多,人们还是没能对该危机的突然发生、其严重性及其在亚洲和世界其余地区的广泛蔓延作出一致的解释。有一种极端的思想流派认为,该危机的起因是受害国经济基础的弱点,这体现在宏观经济不平衡、过度借贷、货币高估和投资不足等方面。另一种极端的论点认为,该危机的诱因是投机商因害怕遭受损失而逃离新兴市场的
Introduction It seems that there is still no consensus on the general reason and the measures that should be taken to prevent the recurrence of the crisis after the Asian financial crisis broke out more than a year ago. Despite the growing number of papers, seminars, publications and official meetings, there is still no consistent explanation of the magnitude of the crisis, its magnitude and its widespread spread in Asia and the rest of the world. There is an extreme school of thought that the root cause of the crisis is the weakness of the economic base of the victimized country, as reflected in the macroeconomic imbalances, excessive borrowing, overvalued currencies and underinvestment. Another extreme argument is that the cause of the crisis is that speculators flee emerging markets for fear of losing money