Quantitative easing global risks and challenges of the era has just begun, quantitative easing credit not only upset the total amount of credit creation mechanism, the relationship between real economic growth mechanism, leading to confusion in the global financial order, U.S. dollars traps and dangerous, and will also make national macroeconomic policy more complex, policy coordination between countries is becoming increasingly difficult, further increasing the risk of economic imbalances.The global economy is to re-balance? Or increasing imbalance?
Currently, the global currency structure does not reflect the increasingly global economy, loss of the anchor currency of the world economy is facing economic growth, inflation, employment and the plight of the exchange rate away from the challenge of each other, the global real center of wealth creation and financial products to create centers departure from more and more serious.For China, a major industrial countries, the impact of quantitative easing would be comprehensive, will be an increasingly volatile local currency pegged to the credit currency long-term economic and China Custom Packaging Tin Cans Factory financial stability, which not only lose their own monetary policy independence, but also very susceptible to external pressures.
Economic development of China’s industrial and financial imbalances brought about by a series of unavoidable problems, the world, "the ascent of the West down, north south hot cold," the pattern of China will be doomed to face a longer period of asset inflation and the rapid appreciation of the risk of the renminbi, especially since the decision of exchange rate formation mechanism, in recent years the stock of foreign exchange accounts for the ratio of base money stock increasing, imported inflation and liquidity as the main source of liquidity, in what China’s financial policies and macro to profit and avoid loss of economic policy, national economic security and stability, protect the assets of RMB is indeed the most critical issues the policy test.Judging from the perspective of the nature of the crisis, the crisis was not by the financial sector, local non-systematic risks triggered by the global economic crisis.
Since 2007 the global crisis is the economic globalization process triggered by the global economic imbalances between the global distribution of benefits and a range of issues related to mandatory adjustments. Judgments on the basis of this study that the various risks in the global economy and global economic imbalances are associated, and quantitative easing may further contribute to global supply and demand, the real economy and the virtual economy, capital flows, the distribution of wealth, inflation and deflation, the international monetary system and so the risk of imbalance.First, demand and supply structure of the world division of labor system is facing a huge imbalance of international payments problems.
China as a major world economy, the supply side, is facing a shrinking market of insufficient external demand; and rely on consumer credit alleviate the economic contradictions of the developed countries led to excessive debt due to unsustainable consumption patterns, consumption increment incremental production is difficult to catch up increase in excess capacity on the one hand, while the other constraints in the global economy growing external demand, supply and demand gap will increase.Second, the global virtual economy and real economy, growing out of touch, and now a manufacturing center has gradually shifted from the developed countries, emerging market countries, but the monetary and financial center is still developed, developing financial markets are underdeveloped, fragile financial system, in Foreign Exchange reserve currency denominated long-term dependence, settlement, lending and investment, currency mismatch caused by exchange rates and asset risk is unavoidable, the risk will increasingly be borne by the emerging market countries.
Third, increasing the risk of global capital flows disorder. The risks and benefits of international currency asymmetry mechanism, the continued expansion of global liquidity, growing excess liquidity abroad. International Monetary Fund (IMF) data show that the United States, Europe, Japan and other major reserve currency issuing countries in the broad money supply increased from 8 trillion in 2007 rose to 10 trillion in 2009. As emerging markets relative to developed economies, long-term growth advantage of investors to diversify investment overseas markets will strengthen as well as emerging market currencies, long-term nominal and real exchange rate appreciation is expected, etc. will lead to huge international capital flows, including the risk of speculative capital disorder , emerging economies are likely to push the edge of asset bubble.Fourth, the debtor and creditor quantitative easing growing imbalance in wealth distribution.
China Custom Packaging Tin Cans Factory - https://www.yaermeipack.com/
Currently, the global currency structure does not reflect the increasingly global economy, loss of the anchor currency of the world economy is facing economic growth, inflation, employment and the plight of the exchange rate away from the challenge of each other, the global real center of wealth creation and financial products to create centers departure from more and more serious.For China, a major industrial countries, the impact of quantitative easing would be comprehensive, will be an increasingly volatile local currency pegged to the credit currency long-term economic and China Custom Packaging Tin Cans Factory financial stability, which not only lose their own monetary policy independence, but also very susceptible to external pressures.
Economic development of China’s industrial and financial imbalances brought about by a series of unavoidable problems, the world, "the ascent of the West down, north south hot cold," the pattern of China will be doomed to face a longer period of asset inflation and the rapid appreciation of the risk of the renminbi, especially since the decision of exchange rate formation mechanism, in recent years the stock of foreign exchange accounts for the ratio of base money stock increasing, imported inflation and liquidity as the main source of liquidity, in what China’s financial policies and macro to profit and avoid loss of economic policy, national economic security and stability, protect the assets of RMB is indeed the most critical issues the policy test.Judging from the perspective of the nature of the crisis, the crisis was not by the financial sector, local non-systematic risks triggered by the global economic crisis.
Since 2007 the global crisis is the economic globalization process triggered by the global economic imbalances between the global distribution of benefits and a range of issues related to mandatory adjustments. Judgments on the basis of this study that the various risks in the global economy and global economic imbalances are associated, and quantitative easing may further contribute to global supply and demand, the real economy and the virtual economy, capital flows, the distribution of wealth, inflation and deflation, the international monetary system and so the risk of imbalance.First, demand and supply structure of the world division of labor system is facing a huge imbalance of international payments problems.
China as a major world economy, the supply side, is facing a shrinking market of insufficient external demand; and rely on consumer credit alleviate the economic contradictions of the developed countries led to excessive debt due to unsustainable consumption patterns, consumption increment incremental production is difficult to catch up increase in excess capacity on the one hand, while the other constraints in the global economy growing external demand, supply and demand gap will increase.Second, the global virtual economy and real economy, growing out of touch, and now a manufacturing center has gradually shifted from the developed countries, emerging market countries, but the monetary and financial center is still developed, developing financial markets are underdeveloped, fragile financial system, in Foreign Exchange reserve currency denominated long-term dependence, settlement, lending and investment, currency mismatch caused by exchange rates and asset risk is unavoidable, the risk will increasingly be borne by the emerging market countries.
Third, increasing the risk of global capital flows disorder. The risks and benefits of international currency asymmetry mechanism, the continued expansion of global liquidity, growing excess liquidity abroad. International Monetary Fund (IMF) data show that the United States, Europe, Japan and other major reserve currency issuing countries in the broad money supply increased from 8 trillion in 2007 rose to 10 trillion in 2009. As emerging markets relative to developed economies, long-term growth advantage of investors to diversify investment overseas markets will strengthen as well as emerging market currencies, long-term nominal and real exchange rate appreciation is expected, etc. will lead to huge international capital flows, including the risk of speculative capital disorder , emerging economies are likely to push the edge of asset bubble.Fourth, the debtor and creditor quantitative easing growing imbalance in wealth distribution.
China Custom Packaging Tin Cans Factory - https://www.yaermeipack.com/
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