2016年国际金融形势回顾与展望
文章摘要:2015~2016年全球经济复苏乏力,各国货币政策保持分化,在新兴市场利率总体保持平稳上升的同时,美联储在2015年12月首度加息之后对进一步货币政策的正常化措施不断延迟。与此同时,欧元区和日本等却步入负利率通道,这些变化对全球金融市场产生重大影响,而其对实体经济的影响却十分不确定。国际投资者风险偏好下降,新兴市场金融脆弱性增大。发达国家历史性地出现大规模负收益率国债,约占其政府债券市场规模的1/3,这成为2016年全球债券市场首次出现的重要特征。全球股... 展开
Abstract:The global economic recovery was still weak in 2015-16,with the divergence of monetary policies among major countries. The US raised its interest rate at the end of 2015,but the further rise has been delayed again and again. By contrast,Japan and some European countries adopted negative interest rates in 2016,which exerted a significant impact on the global financial market. However,such policy changes did not have a notable effe... 展开