美元走强将令中国等新兴市场陷入危机
关键字:美元走强将令中国等新兴市场陷入危机
如果我们可以以史为镜,那么随着美元走强,新兴市场的发展料将充满挑战。
上世纪80年代,伴随着高利率以及大宗商品价格下滑,美元的上涨一度令拉丁美洲陷入债务危机。十年之后,美元的升值迫使泰国和马来西亚等亚洲国家放弃盯住美元的政策,并令该地区陷入危机。
同过去一样,美元走强和美联储加息预期令大宗商品价格走低,巴西、南非和俄罗斯等国的出口受影响下滑。另外,据Macro Intelligence 2 Partners研究公司合伙人Julian Brigden称,这还导致资本从发展中国家逃离,并导致这些国家的信贷扩张和经济增速放缓。
“新兴市场的危机症状很多,但都是由美元上涨引起的,”Brigden在7月22日的报告中指出,“在亚洲,尤其是在中国,对美元的依赖将导致信贷紧缩以及经济放缓。对大宗生产商而言,需求疲软、价格下滑表明这只是痛苦的开始。”
本文来源: 大田环球贵金属
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