美联储作为世界货币管理局的崛起:重新审视沃尔克冲击

IF 0.1 Q4 INTERNATIONAL RELATIONS
Kyuteg Lim
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引用次数: 1

摘要

在现有的国际政治经济学文献中,沃尔克冲击被广泛认为具有国际政治经济学发展的历史意义。三波连续的国际政治经济学浪潮分别强调了美国国家对外国压力的屈服,对国际金融权力的屈服,以及美国金融权力的制度配置。然而,如果不密切关注美联储(fed)的特殊作用,这些观察就会掩盖新货币治理模式的空前进程。本文认为,沃尔克冲击以一种自主货币政策的内部制定过程成为管理货币和金融事务的新方式,引领了美联储作为世界货币当局的崛起。美联储(fed)能够在远离美国政府经济管理的情况下推行自主货币政策,同时在国际金融市场上约束银行。美联储最终确立了自己作为美国政府和国际金融市场之间的一种新型货币当局的地位。本文对国际货币权力的研究有一定的贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Rise of the US Federal Reserve as a World Monetary Authority: Revisiting the Volcker Shock
In the existing International Political Economy literature, the Volcker Shock has been widely regarded as historical significance in the development of international political economy. Three successive waves of IPE have evolved to highlight it respectively, as a subjugation of the US state to pressures of foreign states, to international financial power, and institutional configurations of US financial power. Without close attention to the particular role of the US Federal Reserve, however, these observations obscure the unprecedented process of a new mode of monetary governance. This paper argues that the Volcker Shock ushered in the rise of the US Federal Reserve as a world monetary authority in a way that the inner-making process of autonomous monetary policy became a new way of governing monetary and financial affairs. The Federal Reserve was able to pursue autonomous monetary policy far away from the economic management of the US government and at the same time to discipline banks in international financial markets. The Federal Reserve eventually established itself as a new kind of monetary authority between US government and international financial markets. This paper contributes to the study of international monetary power.
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来源期刊
Korean Journal of International Studies
Korean Journal of International Studies INTERNATIONAL RELATIONS-
CiteScore
0.30
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发文量
11
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