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Financial Wars And China-American Finance Conflict Gambling Analysis

Posted on:2011-04-10Degree:MasterType:Thesis
Country:ChinaCandidate:Y HuoFull Text:PDF
GTID:2189330332979692Subject:Finance
Abstract/Summary:PDF Full Text Request
Domestic scholar ke Yuan, Li Qiankun and so on (2009) proposed most early "Financial wars" a word original, and has proven "The Financial War Study Discipline System's construction" feasibility. Thought that the financial domain the competition already gradually had war's characteristic angle, through has the major impact financial event and financial crisis's research to the history in discovered that the financial competition had already had war's base element. From the definition finance war is hostile both sides to achieve certain politics and the economical goal, utilizes each kind of financial instruments in the money market by the way which does not bleed to plunder the extreme competition which opposite party wealth carries on.The paper main body part through the financial conflict's historical comparison, 1920 US and Britain, after 1970 finance of conflict present situation Japan and American and current Chinese and the American of carries on the contrastive analysis, thinks "the financial conflict" and "the financial war" not the absolute boundary. In carried on the analysis to the American the 1920s's exchange rate passive revaluation, discussed the American big crisis's in-depth reason inl929. Used for reference when from the historic experience discusses US and Japan once to face the international pressure which the standard currency revalued, government's financial decision-making and hereafter the big crisis occurred relations. (Game Theory) the angle studies UK and US and US and Japan from the game theory takes the policy-making main body, between both countries "revalues or not this proposition regarding the standard currency" to carry on the choice, advances together the guild regulations plasticity analysis. Summarizes the American near hundred year finance experience, how discusses the US from a financial conflict passive gambling side growth is a financial great nation. In US's experience, the government after having the financial conflict choice, as well as in the financial froth existence situation's correct macroscopic financial decision-making is very important.Paper also to the US in March,2010 and in October whether to recognize China is "Currency Manipulator" this event carries on the Sino-US finance gambling process analysis. In the analysis the supposition US recognized after China is "Currency Manipulator", in proposed that a series in view of China's bill, when like the exchange rate retaliation bill, the Chinese currency bill and the American trade power exercises methods and so on bill, can encounter to the Chinese government corresponding counter-attack, but after bilateral dynamic gambling, cannot enable its economic utility to achieve superiorly. The US government's superintendent pioneer's consistent being in the lead in the market long-term thought and the making formidable hundred year money market's conception, before enabling The US government to be able the cross-eye short-term benefit and the long-term economic utility maximization carries on the correct choice. In the long run, only then avoids causing the trade conflict and the financial conflict evolves the conflict scope to be broader, the conflict degree deeper finance war can cause various countries to obtain the biggest aggregate utility. Ending the conclusion which obtains regarding the full text analysis carries on the summary, and proposed that waits for question which further studies.The paper author's innovative considering "the financial war" must be "the financial conflict" expands in the conflict scope to both countries all finance domain, after as well as in the conflict degree unceasingly promotes the result. Is manifesting the political objective and obeys in the economic interest, occurs in the financial domain scope special shape war. And "Currency Manipulator" the event carries on the dynamic gambling analysis to China and US, attempts to explain why the American Ministry of Finance our country will not have listed as reason abouf "the exchange rate operation country" on October 16.
Keywords/Search Tags:Financial war, Financial conflict, Financial gambling, Dynamic games, currency manipulator
PDF Full Text Request
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