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英雄或惡棍?聯準會非常規貨幣政策之結構性金融權力觀點
Hero or Hooligan? A Perspective of Structural Financial Power on Fed's Unconventional Monetary Policy
賽明成(Ming-Chen Shai)
55卷4期(2016/12/01)

2007-08 年爆發全球金融危機後,美聯準會(Fed)實施三輪的量化寬鬆貨幣(QE)政策以支持金融穩定與刺激經濟成長。Fed 的 QE 政策導致美元貶值,這意味持有過半美國債券作為儲備貨幣之外國官方機構(Foreign Official Institutions, FOIs),其國債部位將產生巨大之資本損失。強調新自由主義世界秩序重要性之國際政治經濟學文獻,在論述金融全球化時指出, Fed 的銀行紓困計畫對其他經濟體形成非意圖性之資本流動的外溢效果。藉由 ..

In the wake of the global financial crisis that struck the world in 2007- 08, the U.S. Federal Reserve(the Fed)has undertaken three rounds of quantitative easing(QE)in an effort to sustain financial stability and stimulate economic growth. However, the Fed’s QE policy inevitably resulted in dollar depreciation, which means a huge capital loss for foreign official institutions ( FOIs ) since FOIs hold more than half of the outstanding stock of U.S. Treasury securities as official reserve holdings. Existing International ..

脫歐公投對英國的衝擊:政治與經濟的分析
Impacts of the Brexit Referendum on the United Kingdom: Political and Economic Analyses
羅至美(Chih-Mei Luo)吳東野(Tung-Yeh Wu)
55卷3期(2016/09/01)

英國脫離歐盟的公投意外地以過半(52%)比例通過,此舉不僅會重塑英國在世界上的位置,亦將深遠和持續影響其國內政治與經濟發展。在經濟上,公投結果已造成英鎊匯率持續下跌、商業活動減少、投資下滑與就業機會消失,尤其嚴重衝擊英國金融業。失去歐盟會員資格的情況下,倫敦金融中心恐難再維持歐元交易中心的領導地位。在政治上,如何在主張脫歐的民意與要求留歐的蘇格蘭和北愛爾蘭兩者間取得平衡,成為主政者維持聯合王國完整的最迫切挑戰。本文認為,以 1985 格陵蘭脫離歐盟為例,一國..

The UK referendum on Brexit was passed unexpectedly by a 52% majority. This result will not only reshape the UK’s place in the world but also has profound and enduring impact on the UK politics and economy. Economically, the Brexit result has caused continuing devaluation of UK sterling and declines in contracts, investment and employment. The UK financial service sectors have been affected the most. It is difficult for the City of London to maintain its position as the leading financial center of the euro without the U..

「歐洲安全」研究的理論基礎:區域安全、國際關係、全球體系
Theoretical Bases for European Security Studies: Regional Security, International Relations, and Global System
甘逸驊(Francis Yi-Hua Kan)
55卷3期(2016/09/01)

做為國際關係學門當中安全研究重要項目之一的「歐洲安全」,在經由冷戰時期與後冷戰時期的理論辯證與政策實踐進程,已成為相關領域的重要範例。本文將有系統的以區域安全、國際關係、全球體系三個不同層次面向理論當中各自所屬的理性主義與非理性主義做為理論架構,檢驗歐洲安全分別在冷戰與後冷戰時期的發展,以了解各理論的解釋效度與適用性。由本研究對於歐洲安全的交叉檢驗可以發現,冷戰時期以權力為安全關係核心,形成了長期區域集團對抗的國際雙極體系,因此,上述三個層次的理論當中的理性..

The dynamic development of European security in both theoretical debate and policy practice has made its research a momentous model in the field of security studies. This article aims at exploring various theoretical structures of European security by systematically examining both rationalism and non-rationalism in regional security, international relations theories, and global systems. Core issues of focus are allocated at three levels. The article applies a theoretical basis to the volatile evolution of European security du..

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