金融危机传导的资产负债表渠道

被引：20

作者：

王义中 ^{[1
,2
]}

何帆 ^{[3
]}

机构：

[1] 浙江大学金融研究院

[2] 浙江大学经济学院

[3] 中国社会科学院

来源：

世界经济 | 2011年 / 34卷 / 03期

关键词：

公允价值; 资产负债表; 金融危机; 次贷危机;

D O I：

10.19985/j.cnki.cassjwe.2011.03.004

中图分类号：

F831.59 [金融危机]; F231.1 [资产负债表];

学科分类号：

020202 ; 1202 ; 120201 ;

摘要：

研究金融危机传导的资产负债表渠道能理清主流经济学难以解释的流动性陷阱、大衰退、新型国际金融危机等重大经济问题。本文梳理了金融危机传导的国内和外部资产负债表渠道以及相关宏观经济政策与金融监管启示等方面的文献,试图为更好地理解和解释此次国际金融危机打下基础。从既有文献中得到的政策内涵是:重新审视公允价值会计准则;谨慎使用扩张性宏观经济政策;将资产负债表信息纳入经济政策框架并进行风险监控。

引用

页码：51 / 71

页数：21

共 24 条

[11]

Debt composition and exchange rate balance sheet effect in Brazil: a firm level analysis[J] . Marco Bonomo,Betina Martins,Rodrigo Pinto.Emerging Markets Review . 2003 (4)

[12] Currency crises and monetary policy in an economy with credit constraints [J].

Aghion, P ;

Bacchetta, P ;

Banerjee, A .

EUROPEAN ECONOMIC REVIEW, 2001, 45 (07) :1121-1150

[13]

Sectoral Balance Sheet Mismatches and MacroeconomicVulnerabilities in Colombia,1996-2003. Lima,J.M,Montes,E,Varela,C,Wiegand,J. IMF Working PaperNo.WP/06/5 . 2006

[14]

Corporate Dollar Debt and Depreciations:Much Ado About Nothing?. Hoyt Bleakley,Kevin Cowan. FRB of Boston Working Paper No.02-5 . 2002

[15]

Assessing the Impact of Fair Value upon Financial Crises. Boyer R. Socio-Economic Review . 2007

[16]

On the Empirics of Sudden Stops:The Relevance of Balance-Sheet Effects. Calvo,G.A,Izquierdo,A,Mejia,L-F. NBER Woring PaperNo.10520 . 2004

[17] Hedging and financial fragility in fixed exchange rate regimes [J].

Burnside, C ;

Eichenbaum, M ;

Rebelo, S .

EUROPEAN ECONOMIC REVIEW, 2001, 45 (07) :1151-1193

[18] Monetary policy in a dollarized economy where balance sheets matter [J].

Chang, R ;

Velasco, A .

JOURNAL OF DEVELOPMENT ECONOMICS, 2001, 66 (02) :445-464

[19]

Balance Sheets, the Transfer Problem, and Financial Crises[J] . Paul Krugman.International Tax and Public Finance . 1999 (4)

[20] NON-MONETARY EFFECTS OF THE FINANCIAL CRISIS IN THE PROPAGATION OF THE GREAT-DEPRESSION [J].

BERNANKE, BS .

AMERICAN ECONOMIC REVIEW, 1983, 73 (03) :257-276

← 1 2 3 →