在美國歷史上所簽訂的 14 項 FTA 中，NAFTA 與 CAFTA-DR 最能展現總統與國會在 FTA 政策制訂上所扮演角色與影響決策的程度，故本文以此兩項 FTA 作為研究美國 FTA 決策主體的案例。研究發現，在對外政策的決策主體的三種不同的模式:總統主導模式、國會主導模式與互動模式中，總統模式最能解釋美國 FTA 政策。總統具有龐大的國內外行政資源與政黨力量，可以干預國會的決策並改變個別議員的投票傾向，在不影響 FTA 基本內涵與目的下促使國會通過..

Among all 14 FTA’s signed by the U.S. in history, NAFTA and CAFTA-DR - selected by this paper as cases to identify the entity that owns the power of dominating the U.S. FTA policy - most represent the dynamics and impacts of President and Congress on the FTA policy formation. The research shows that among the three models of decision-making entities of foreign policy - President, Congress, and Interaction, the President model best explains the decision-making of FTA policies. President controls enormous external and int..

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 ..