2005年年初以来,美国等一些主要发达国家以及亚洲新兴市场国家的经济持续增长,与此同时全球能源价格不断攀升。出于对通货膨胀的担忧,美国、欧元区以及英国等主要西方国家的中央银行纷纷采取紧缩性货币政策。但值得关注的是,这种升息环境并没有给国际金融市场的融资活动带来明 Since the beginning of 2005, the economy of some major developed countries such as the United States and emerging market countries in Asia has continued to grow while the global energy prices have been on the rise. Out of concerns about inflation, central banks in major western countries, the United States, the euro zone and Britain, have adopted tighter monetary policies. However, it is noteworthy that this rate-raising environment has not brought about any financing activities in international financial markets