亚洲金融危机暴露了国际金融体系的内生性缺陷：１．虚拟经济与实物经济的严重脱节；２．金融的过度膨胀使得国际游资已构成巨大的破坏力；３．缺乏国际金融合作和监管。本文主张：金融全球化与自由化是大势所趋；加强国际监管与合作，制定一些可由各国接受、具有可操作性的规范，逐步建立全球性或区域性的金融监管与合作组织 The Asian financial crisis exposed the endogenous defects of the international financial system: 1. Fictitious economy and real economy serious disconnect; 2. The over-expansion of finance has made international hot money a huge destructive force; 3. Lack of international financial cooperation and regulation. This paper holds the view that financial globalization and liberalization are the trend of the times; strengthen international supervision and cooperation, establish some acceptable and operable norms that are accepted by all countries, and gradually establish a global or regional financial regulatory and cooperation organization