区域金融公共产品视角下东亚金融合作进展、问题及前瞻

Progress, Problems and Prospects of East Asian Financial Cooperation from the Perspective of Regional Financial Public Goods

摘要: 东亚金融合作始于1997年亚洲金融危机，以东盟“10 + 3”合作机制为主渠道，具有明显的危机驱动型特征。美联储加息以及新冠疫情持续，导致东亚地区宏观经济形势恶化风险与不确定性增强，脆弱的金融体系面临资本外流的风险。潜在的危机倒逼东亚国家进一步加强金融合作。“清迈倡议多边化”是维护东亚地区金融稳定的唯一多边化的制度安排，是东亚地区开展金融合作重要的平台。

Abstract: East Asian financial cooperation began with the Asian financial crisis in 1997, with the ASEAN “10 + 3” cooperation mechanism as the main channel, with obvious crisis driven characteristics. The US Federal Reserve’s interest rate hike and the continuation of the COVID-19 have increased the risk and uncertainty of the deterioration of the macroeconomic situation in East Asia, and the fragile financial system is facing the risk of capital outflow. The potential crisis forced East Asian countries to further strengthen financial cooperation. “Chiang Mai Initiative Multilateralization” is the only multilateral institutional arrangement to maintain financial stability in East Asia and an important platform for financial cooperation in East Asia.