發(fā)布時間：2018-03-08 05:17

  本文選題：歐債危機　切入點：貿易傳導　出處：《吉林大學》2013年碩士論文　論文類型：學位論文

【摘要】：歐元區(qū)國家政府存在的高赤字和高負債將歐洲債務風險擴大，同時歐元區(qū)國家之間通過金融機構和金融市場加深了歐債危機的傳導。希臘爆發(fā)的債務問題成了歐元區(qū)中第一張多米諾骨牌，其他國家相繼步其后塵，歐元區(qū)核心國家的信用也在降低并存在發(fā)生債務風險的可能性。 本文以希臘債務問題的發(fā)生為切入點，研究歐洲債務危機在歐洲尤其是歐元區(qū)內的傳導機制，指出貿易、密切的銀行業(yè)務往來和金融市場預期惡化在此次債務危機的傳導過程中起了很大作用，特別是金融機構的銀行之間業(yè)務往來量大，相互交叉持有債務使債務風險在各國金融機構之間傳遞。同時歐元區(qū)金融市場的相互依存隨歐洲經(jīng)濟一體化加強而不斷加深，金融市場衍生工具不斷創(chuàng)新也加深了債務危機的傳導，特別是歐債危機中掉期違約互換（CDS）將金融風險在債券交易雙方和CDS合約雙方之間傳遞，惡化了歐洲市場預期，國際投機者加大了對歐洲金融市場的炒作，債務危機逐步被放大。 本文的目的在于更好的研究如何遏制債務危機在歐洲特別是歐元區(qū)的傳導，從貿易、金融機構和金融市場三方面控制債務風險在歐元區(qū)的擴大，防止歐洲經(jīng)濟繼續(xù)惡化。在此基礎上指出中國在此次歐債危機中得到的啟示，認為貿易傳導對中國經(jīng)濟的影響是主要的，為中國貿易出口帶來負面影響，并且認為通過歐洲債務危機的發(fā)生應該及時思考中國地方債務風險，把握地方債務融資的正規(guī)性和規(guī)范性。
[Abstract]:The high deficits and high indebtedness of eurozone governments increase the risk of European debt. At the same time, financial institutions and financial markets have deepened the transmission of the euro zone's debt crisis. The Greek debt crisis has become the first domino in the euro zone, and other countries have followed suit. Credit in the euro zone's core countries is also eroding and there is a risk of debt risk. This paper studies the transmission mechanism of the European debt crisis in Europe, especially in the euro zone, and points out that trade is the starting point of the Greek debt problem. Close banking transactions and expected deterioration in financial markets have played a significant role in the transmission of the debt crisis, especially in the large volume of inter-bank transactions between financial institutions. Cross-ownership of debt causes debt risk to be transmitted among financial institutions in various countries. At the same time, the interdependence of financial markets in the euro zone is deepening with the strengthening of economic integration in Europe. The constant innovation of derivatives in financial markets has also deepened the transmission of the debt crisis, especially since the European debt crisis, in which swaps and CDSs spread financial risk between bond trading parties and CDS contract parties, worsened European market expectations. International speculators have stepped up speculation on European financial markets, and the debt crisis has been magnified. The purpose of this paper is to better study how to curb the transmission of debt crisis in Europe, especially in the euro zone, and to control the expansion of debt risk in the euro zone from three aspects: trade, financial institutions and financial markets. To prevent the European economy from deteriorating further. On the basis of this, it points out the enlightenment China has received in the European debt crisis. It believes that the impact of trade transmission on China's economy is the main one, and that it has a negative impact on China's trade exports. We should think about the risk of Chinese local debt and grasp the formality and normality of local debt financing through the emergence of European debt crisis.
【學位授予單位】：吉林大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F831.59

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