论文部分内容阅读
市场关联度的提升可能造成多种影响,其中最重要的一方面可能在于:中国与美国需要加强政策协调。今年股市和汇市的动荡,突显出这种协调的重要性。如果没有充分的协调,风险可能蔓延到其他领域,进而扩大全球系统性风险的规模。全球金融市场刚刚步入2016年,就经历了前所未见的剧烈波动。仅仅开年的前4个交易日,
The increase in market relevance may have a variety of effects, the most important of which may lie in the need to strengthen policy coordination between China and the United States. The turmoil in the stock market and the foreign exchange market this year underscores the importance of such coordination. Without adequate coordination, risks may spread to other areas, thereby expanding the size of the global systemic risk. As the global financial market just entered 2016, it experienced unprecedented volatility. Just the first four trading days of the year,