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本次金融危机不仅对发达国家影响重大,也对新兴市场等国家,以及未来世界经济和管理秩序造成重要影响。作者较系统和全面地分析了本次金融危机给新兴市场造成的影响,包括贸易政策、财政货币和汇率政策、国际金融结构等方面。主要结论认为新兴市场对国外投资资金来源多样化的依赖会下降,银行全球化经营的限制会加强,银行经营领域与监管范围将更趋一致。但是,本次金融危机对全球化的其他领域,包括生产、贸易等方面的影响有限,对国际货币体系结构的影响亦有限。本刊经亚洲开发银行(ADBI)授权翻译并发表此文,以期给希望了解金融危机对新兴市场影响的读者提供较全面的框架性启示。ADBI对译文及其使用免责。
This financial crisis not only has a significant impact on the developed countries, but also has an important impact on the emerging markets and other countries as well as the future world economic and management order. The author analyzes the impact of this financial crisis on emerging markets more systematically and comprehensively, including trade policy, fiscal and currency exchange rate policy, and international financial structure. The main conclusion is that the dependence of emerging markets on the diversification of sources of foreign investment will decline, the restrictions on bank globalization will be strengthened, and the scope of banking operations will be more consistent with the regulatory scope. However, the financial crisis has limited impact on other areas of globalization, including production and trade, and its impact on the international monetary system is also limited. This publication is authorized by the Asian Development Bank (ADBI) to translate and publish this article, with a view to providing a more comprehensive and enlightening lesson to readers who wish to understand the impact of the financial crisis on emerging markets. ADBI disclaims the translation and its use.