经济理论与经济管理 ›› 2009, Vol. ›› Issue (5): 5-11.

• 经济热点 •    下一篇

财富的国际转移与美国高消费时代的调整——基于国际资产负债结构的分析

雷达, 孙中栋   

  1. 中国人民大学经济学院, 北京100872
  • 收稿日期:2009-03-16 出版日期:2009-05-16 发布日期:2012-03-01
  • 基金资助:
    中国人民大学“985”工程

THE INTERNATIONAL TRANSFER OF WEALTH AND THE ADJUSTMENT OF HIGH CONSUMPTION TIMES IN USA——ANALYSIS BASED ON THE EXTERNAL ASSETS AND LIABILITIES STRUCTURE

LEI Da, SUN Zhong-dong   

  1. School of Economics, Renmin University of China, Beijing 100872, China
  • Received:2009-03-16 Online:2009-05-16 Published:2012-03-01

摘要: 美元的霸权地位以及美国特殊的国际资产负债结构为美国攫取巨额国际转移财富提供了条件。另外,美国国际资产负债结构特征也表明,在全球实体经济失衡的同时,全球虚拟经济层面同样存在失衡,这种"双重失衡"的局面为全球经济调整增加了困难。据此类推,这次危机不仅打击了美国的商业银行以及其他金融机构,也打击了美国的货币霸权。国际货币地位的争夺将更加激烈,国际货币合作将更加困难。美国通过价值渠道获得国际转移财富的持续性也将受到冲击,因此美国的高消费时代将难逃调整的厄运。

关键词: 国际资产负债, 国际财富转移, 价值调整, 汇率变动

Abstract: Both US dollar hegemony and the special external assets and liabilities structure of the United States provide the conditions for its seizing huge international transfer wealth.In addition,the special external assets and liabilities structure of the United States shows that both the global virtual economy and real economy are out of balance,so the double imbalances increase the difficulty of the global economy adjustment.Hereby,this crisis not only strikes the business banks and other financial institutions,but also hurts US dollar hegemony.The fight over international currency positioning will be intense and the international currency cooperation more difficult.The sustainability of the international transferred wealth in USA is also under attack,so its high consumption times are unlikely to escape major adjustments.

Key words: external assets and liabilities, international wealth transfer, value adjustment, exchange rate movement

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