從銀行危機、貨幣危機到IMF 的救援方案

Translated Titles

Banking Crisis, Currency Crisis and the IMF Rescue Plan



Key Words

銀行危機 ; 貨幣危機 ; 雙重危機 ; 金融自由化 ; 巴塞爾協定 ; 華盛頓共識 ; banking crisis ; currency crisis ; twin crises ; financial deregulation ; Basel Accords ; Washington consensus



Volume or Term/Year and Month of Publication

4卷1期(2010 / 04 / 01)

Page #

26 - 49

Content Language


Chinese Abstract


English Abstract

The paper seeks to draw lessons from the changing faces of the banking industry to explain crises in the worldwide financial system. The past few decades have witnessed a growing number of financial crises around the world, showing that the worldwide financial system is inherently unstable.This financial instability derives partly from the inherent fragility of the banking industry and partly from certain financial innovations and the financial deregulation of the banking sector. Financial liberalization has profoundly changed the financial landscape in the United States. US regulators are not only unable to keep up with the pace of financial liberalization, but also misleadingly apply the efficient-market paradigm to the financial sector. Since the Depression-era prohibition on banks engaging in investment banking was formally ended by the 1999 Gramm-Leach-Bliley Act, financial liberalization and speculative activities, if left to run wild, have the potential to develop into a full-fledged crisis. Many emerging economies that followed the US trend toward financial liberalization in the 1980s also paved the way to twin crises in banking and currency, a particulary vicious financial mess. While the IMF is currently the only institution that can offer some help, it's emergency loan packages are always tied to belt-tightening measures which have the potential to deepen rather than bail out the crises.

Topic Category 社會科學 > 社會學
社會科學 > 經濟學
社會科學 > 政治學
Times Cited
  1. 江書瑜(2013)。歐洲金融系統性風險之研究:歐盟銀行監理發展。淡江大學歐洲研究所碩士班學位論文。2013。1-142。