三大冲突的交融:中国资本流动性过剩内在机理分析

当前中国宏观经济面临诸多问题,其重要原因就在于中国资本流动性过剩.而资本流动性过剩产生的实质则是三大冲突的交融:即实体经济与虚拟经济的冲突,转轨期新体制与旧体制的冲突和开放经济下内外均衡的冲突.为此解决中国宏观经济运行矛盾的突破口在于解决资本流动性过剩,其战略思路应该以金融全球化背景为出发点,适应国际货币体系调整,以国家安全作为重点,实现三大均衡:一是实体经济和虚拟经济的均衡;二是新旧体制交叉期的制度均衡;三是开放条件下内外均衡.

The Interaction of Three Imbalances:a Study on Inner-Mechanism of China's Excess Capital Liquidity

Under the background of financial globalization,China's excess capital liquidity resulted from the imbalances of three aspects:the imbalance between the real economy and the virtual one;the imbalance between the old institution and the new one in the period of system transition;and conflict of the internal and external balance in an open economy.The essay proposes that to solve China's excess capital liquidity problem,financial globalization should be regarded as a strategic basis.Adaptation to the adjustme...