论文部分内容阅读
在美国通过经常账户逆差收取铸币税的情况下,逆差回流的美元涌向美国购买美元资产,一部分次级抵押贷款违约,改变了市场对美元资产收益率的预期,引起了大范围的金融市场调整。
In the case of the United States seigniorage taxed by the current account deficit, the rebounding dollar flocked to the United States to buy dollar assets. Some subprime mortgage defaults changed the market’s expectation on the rate of return on dollar assets, causing a wide range of financial market adjustments .