第1页共12页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共12页二十国集团金融市场和世界经济峰会的宣言DeclarationoftheSummitonFinancialMarketsandtheWorldEconomy1.We,theLeadersoftheGroupofTwenty,heldaninitialmeetinginWashingtononNovember15,2008,amidseriouschallengestotheworldeconomyandfinancialmarkets.Wearedeterminedtoenhanceourcooperationandworktogethertorestoreglobalgrowthandachieveneededreformsintheworld’sfinancialsystems.2.Overthepastmonthsourcountrieshavetakenurgentandexceptionalmeasurestosupporttheglobaleconomyandstabilizefinancialmarkets.Theseeffortsmustcontinue.Atthesametime,wemustlaythefoundationforreformtohelptoensurethataglobalcrisis,suchasthisone,doesnothappenagain.Ourworkwillbeguidedbyasharedbeliefthatmarketprinciples,opentradeandinvestmentregimes,andeffectivelyregulatedfinancialmarketsfosterthedynamism,innovation,andentrepreneurshipthatareessentialforeconomicgrowth,employment,andpovertyreduction.RootCausesoftheCurrentCrisis3.Duringaperiodofstrongglobalgrowth,growingcapitalflows,andprolongedstabilityearlierthisdecade,marketparticipantssoughthigheryieldswithoutanadequateappreciationoftherisksandfailedtoexerciseproperduediligence.Atthesametime,weakunderwritingstandards,unsoundriskmanagementpractices,increasinglycomplexandopaquefinancialproducts,andconsequentexcessiveleveragecombinedtocreatevulnerabilitiesinthesystem.Policy-makers,regulatorsandsupervisors,insomeadvancedcountries,didnotadequatelyappreciateandaddresstherisksbuildingupinfinancialmarkets,keeppacewithfinancialinnovation,ortakeintoaccountthesystemicramifications分歧ofdomesticregulatoryactions.4.Majorunderlyingfactorstothecurrentsituationwere,amongothers,inconsistentandinsufficientlycoordinatedmacroeconomicpolicies,inadequatestructuralreforms,whichledtounsustainableglobalmacroeconomicoutcomes.Thesedevelopments,together,contributedtoexcessesandultimatelyresultedinseveremarketdisruption.ActionsTakenandtoBeTaken第2页共12页第1页共12页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共12页5.Wehavetakenstrongandsignificantactionstodatetostimulateoureconomies,provideliquidity,strengthenthecapitaloffinancialinstitutions,protectsavingsanddeposits,addressregulatorydeficiencies,unfreezecreditmarkets,andareworkingtoensurethatinternationalfinancialinstitutions(IFIs)canprovidecriticalsupportfortheglobaleconomy.6.Butmoreneedstobedonetostabilizefinancialmarketsandsupporteconomicgrowth.Economicmomentumisslowingsubstantiallyinmajoreconomiesandtheglobaloutlookhasweakened.Manyemergingmarketeconomies,whichhelpedsustaintheworldeconomythisdecade,arestillexperiencinggoodgrowthbutincreasinglyarebeingadverselyimpactedbytheworldwideslowdown.7.Againstthisbackgroundofdeterioratingeconomicconditionsworldwide,weagreedthatabroaderpolicyresponseisneeded,basedonclosermacroeconomiccooperation,torestoregrowth,avoidnegativespilloversandsupportemergingmarketeconomiesanddevelopingcountries.Asimmediatestepstoachievetheseobjectives,aswellastoaddresslonger-termchallenges,wewill:oContinueourvigorouseffortsandtakewhateverfurtheractionsarenecessarytostabilizethefinancialsystem.oRecognizetheimportanceofmonetarypolicysupport,asdeemedappropriatetodomesticconditions.oUsefiscalmeasurestostimulatedomesticdemandtorapideffect,asappropriate,whilemaintainingapolicyframeworkconducivetofiscalsustainability.oHelpemergingand...
