Font Size: a A A

On The International Financial Crisis

Posted on:2003-10-16Degree:DoctorType:Dissertation
Country:ChinaCandidate:J S ChenFull Text:PDF
GTID:1116360062490884Subject:Political economy
Abstract/Summary:PDF Full Text Request
This dissatation investigate international financial crisis. Since 1990s in the 20th century, there has been more and more international financial crisis bringing much more harm to world economy. Even so, people haven't paid close attention to the possibility of cosmopolitan financial crisis since whatever bubbles or financial crisis had already been existed in the advancement of capitalism and they haven't really engendered a fatal shock to economy. The typical illustration is that the basic issue-value-is seldom discussed in almost all papers involving financial crisis these years. In view of this, the dissatation attempts to reveal the essential causes of international fianancial crisis in theory by starting off with discussions of value. The author hopes this study can be a reference to China when she face internatioal fianacial crisis or make some Chinese world economy police. This study comprises of five chapters besides the induction. The first three chapters emphasize particularly on analysis of basic theory, and the fourth chapter emphasizes on demonstration and the fifth one focuses on the research of countermeasure.The introduction comprises of three sections as follows: 1.Why we investigate the world economy. Ⅱ.What we should attention when we investigate world economy. The author think the questions of standpoint, general relation and indefinite is very important and have been implemented in the whole study. 2. The gist and significance of choosing this title, the structure system and research method of the study, and the main viewpoints and innovation, and several other scientific research directly concerning with this study. In first chapter, combining with one paradox discovered by myself during research of world economy, I bring forward the issue of subjective value and objective value on the base of evaluating value theory of Marxism economics and western economics. And I think the ultimate difference between subjective value and objective value is that the former is established on the base of people's preferences while the latter on the magnitude of natural power and the ability of human controlling the nature. The existence of subjective value and objective value results in the huge deviation when the people try to understand the world economy.The second chapter analyzes the definition on financial crisis in 《The New Palgrave Economic Dictionary》and classifies the financial crisis of close conditions, which relying on discussions about the monetary/currency theories of Marxism economic and Western economic, and the practical currency,the currency system and the monetary policy. And it proposes: The cause of first kind of financial crisis is the financial index getting worse evoked by partially inefficent operation of the existing economic system;The second kind of financial crisis is the financial index getting worse evoked by the moving of subjective value towards objective value after a deviation between them to a certain extent prescribed by the existing economic system. And separately it analyzes the causes of the two kinds of financial crisis and points out: it is avoidless for the second kind of financial crisis under the existing financial system.Third chapter discusses universal monetary theories of the Marxism and the Western economics and the international monetary system since 1816 as well, and sums up the evolution skeleton of international monetary system from the period of exchang goods trade to non-monetaration of gold. During this process, the author always implements his view. He believes that money is still value's reflection even in the future according to the understanding of subjective and objentive value in the former chapter. And then he briefly analyzes the possible changes of universal monetary pattern in future, explains that it can or not be a new universal money. Laying foundation on these analyses, it defines international financial crisis and classifies it into two kinds as follows: The first one is due to internationalized fluctuation of exch...
Keywords/Search Tags:World Economy International Financial Financial Crisis
PDF Full Text Request
Related items