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題 名 | 金融海嘯與金融脆弱性--兼論開放經濟下金融機構的脆弱性=The Financial Crisis and Financial Instability --The Fragility of Financial Institutions in Open Economy |
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作 者 | 蔡鎤銘; 鄭鳴; | 書刊名 | 中小企業發展季刊 |
卷 期 | 12 2009.06[民98.06] |
頁 次 | 頁1-26 |
分類號 | 562.2 |
關鍵詞 | 金融海嘯; 次貸危機; 自由化; 公司治理; 金融監理; 金融脆弱性; Financial tsunami; Secondary loan crisis; Liberalization; Corporate governance; Financial supervision; Financial instability; |
語 文 | 中文(Chinese) |
中文摘要 | 2008 年金融海嘯係1929 年經濟大恐慌之後首次以美國資本主義為中心的巨大變 動所引起。在這之前,最大的變化即是資本市場自由化被類比為貿易自由化一般獲得 各方支援與推崇,並經常因樂觀的期望而逐漸放寬監理,更值得注意的是,各國政府 財政政策的強勢介入,對此資本市場自由化的趨勢可能造成推波助瀾的效果,故本文 就開放市場下金融自由化的視角探討金融機構的脆弱性。 本文在綜述金融脆弱性及開放條件下的金融脆弱性理論之後,描述了金融脆弱性 的具體呈現及危機衝擊後的啟示,最後提出應:適度管制銀行資金入市限額、正視給 予經營層超額報酬的弊端、重新建構公司治理機制、嚴肅檢討金融監理政策、重新檢 討美元的貨幣地位等五項政策建議。 |
英文摘要 | The financial crisis in 2008 is the most severe impact on U.S. based capitalism society after the Great Depression in 1929. Before 2008, the liberalization of capitalism, or called free trading, is welcomed and enthroned by governments around the world. Regularities and limitations over financial industry have also loosened slowly due to their good expectation. The most important is, financial policies that adopt by governments may help the trend of liberalization of capitalism. This article is intended to discuss the financial instability from the point of free financial industry. After the study of financial instability and its theory in open environment, our suggestions are to: properly control over fund quantity, understand shortcomings that paying high bonus to top managements, rebuilt the structure of Corporate Governance, seriously review financial supervision policies, and re-examine the position of U.S. Dollars in the world economy. |
本系統中英文摘要資訊取自各篇刊載內容。