世界经济复苏阶段的新风险——主权债务增长与危机

在国际金融危机和经济衰退期间,各经济体采取了扩张性的财政政策和货币政策。反危机措施虽然阻止了经济“自由落体式”的下滑,但使发达经济体和一些新兴经济体的公共债务大为膨胀。希腊主权债务危机只是“冰山一角”。欧洲的主权信用风险和危机正在蔓延和扩散,削弱了欧盟、欧元区的凝聚力及欧元的吸引力,并影响到世界经济的复苏。亚洲新兴经济体应从希腊主权债务危机中汲取教训和警示,在经济复苏、增长与实施反周期措施之间,寻找“两难选择”的平衡点。

New Risks in the Recovery of the World Economy:The Growth of Sovereign Debts and Crisis

During the financial crisis and economic recession, various economies have adopted expansionist financial and monetary policies. While anti-crisis measures have to some extend stopped the free fall economic decline, they have caused the public debts of both developed economies and some emerging economies to expand. The emerging economies of Asia should draw lessons and warnings from the sovereign debt crisis of Greece and make a balanced choice between economic recovery as well as growth and adoption of ant...