{"id":31122,"date":"2023-12-07T10:21:33","date_gmt":"2023-12-07T10:21:33","guid":{"rendered":"https:\/\/masterskills.org\/blog\/khung-hoang-tai-chinh-financial-crisis-la-gi-cac-nguyen-nhan-khung-hoang-tai-chinh.html"},"modified":"2023-12-23T07:28:22","modified_gmt":"2023-12-23T00:28:22","slug":"khung-hoang-tai-chinh-financial-crisis-la-gi-cac-nguyen-nhan-khung-hoang-tai-chinh","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/khung-hoang-tai-chinh-financial-crisis-la-gi-cac-nguyen-nhan-khung-hoang-tai-chinh.html","title":{"rendered":"Kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh (Financial crisis) l\u00e0 g\u00ec? C\u00e1c nguy\u00ean nh\u00e2n kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh"},"content":{"rendered":"
\n
\n
<\/div>\n
\n

H\u00ecnh minh h\u1ecda (Ngu\u1ed3n: flickr)<\/p>\n<\/div>\n<\/div>\n

Kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh (Financial crisis)<\/font><\/h2>\n

Kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh <\/b>– danh t\u1eeb, trong ti\u1ebfng Anh \u0111\u01b0\u1ee3c d\u00f9ng b\u1edfi c\u1ee5m t\u1eeb Financial crisis<\/b>.<\/p>\n

Kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh<\/i> xu\u1ea5t hi\u1ec7n khi th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh s\u1ee5p \u0111\u1ed5 nguy\u00ean nh\u00e2n b\u1edfi s\u1ef1 l\u1ef1a ch\u1ecdn \u0111\u1ed1i ngh\u1ecbch v\u00e0 r\u1ee7i ro \u0111\u1ea1o \u0111\u1ee9c tr\u1edf n\u00ean gay g\u1eaft tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, l\u00e0m cho c\u00e1c th\u1ecb tr\u01b0\u1eddng n\u00e0y kh\u00f4ng c\u00f2n kh\u1ea3 n\u0103ng lu\u00e2n chuy\u1ec3n v\u1ed1n hi\u1ec7u qu\u1ea3 t\u1eeb nh\u1eefng ng\u01b0\u1eddi ti\u1ebft ki\u1ec7m \u0111\u1ebfn nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng. K\u1ebft qu\u1ea3 l\u00e0 n\u1ec1n kinh t\u1ebf suy tho\u00e1i. (Theo Gi\u00e1o tr\u00ecnh Ng\u00e2n h\u00e0ng Th\u01b0\u01a1ng m\u1ea1i, NXB Th\u1ed1ng k\u00ea<\/i>)<\/p>\n

Nguy\u00ean nh\u00e2n kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh<\/font><\/h3>\n

L\u00e3i su\u1ea5t t\u0103ng cao<\/b><\/p>\n

C\u00e1c c\u00e1 nh\u00e2n v\u00e0 c\u00f4ng ty v\u1edbi c\u00e1c d\u1ef1 \u00e1n m\u1ea1o hi\u1ec3m r\u1ee7i ro cao l\u1ea1i l\u00e0 nh\u1eefng ng\u01b0\u1eddi s\u1eb5n s\u00e0ng tr\u1ea3 m\u1ee9c l\u00e3i su\u1ea5t cao. N\u1ebfu l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng nh\u1ea1y c\u1ea3m t\u0103ng theo nhu c\u1ea7u t\u00edn d\u1ee5ng t\u0103ng ho\u1eb7c do cung ti\u1ec1n gi\u1ea3m, l\u00e0m cho nh\u1eefng ng\u01b0\u1eddi c\u00f3 r\u1ee7i ro t\u00edn d\u1ee5ng t\u1ed1t s\u1ebd kh\u00f4ng c\u00f2n thi\u1ebft tha vay v\u1ed1n n\u1eefa, trong khi \u0111\u00f3, nh\u1eefng ng\u01b0\u1eddi c\u00f3 r\u1ee7i ro t\u00edn d\u1ee5ng x\u1ea5u v\u1eabn mong mu\u1ed1n \u0111\u01b0\u1ee3c vay.<\/p>\n

Do l\u1ef1a ch\u1ecdn \u0111\u1ed1i ngh\u1ecbch t\u0103ng l\u00ean, khi\u1ebfn cho ng\u00e2n h\u00e0ng kh\u00f4ng c\u00f2n mu\u1ed1n cho vay n\u1eefa. S\u1ef1 gi\u1ea3m s\u00fat m\u1ea1nh trong t\u00edn d\u1ee5ng d\u1eabn \u0111\u1ebfn s\u1ef1 gi\u1ea3m s\u00fat m\u1ea1nh trong \u0111\u1ea7u t\u01b0 v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf v\u0129 m\u00f4. <\/p>\n

Gia t\u0103ng s\u1ef1 b\u1ea5t \u1ed5n<\/b><\/p>\n

S\u1ef1 b\u1ea5t \u1ed5n \u0111\u1ed9t ng\u1ed9t tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh (c\u00f3 th\u1ec3 do s\u1ef1 s\u1ee5p \u0111\u1ed5 c\u1ee7a m\u1ed9t t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh hay phi t\u00e0i ch\u00ednh tr\u1ee5 c\u1ed9t n\u00e0o \u0111\u00f3), d\u1ea5u hi\u1ec7u c\u1ee7a suy tho\u00e1i kinh t\u1ebf hay s\u1ef1 s\u1ee5p \u0111\u1ed5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu, c\u00e0ng l\u00e0m cho ng\u00e2n h\u00e0ng kh\u00f3 kh\u0103n h\u01a1n trong vi\u1ec7c s\u00e0ng l\u1ecdc kh\u00e1ch h\u00e0ng vay v\u1ed1n.<\/p>\n

K\u1ebft qu\u1ea3 l\u00e0 ng\u00e2n h\u00e0ng kh\u00f4ng c\u00f2n kh\u1ea3 n\u0103ng gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c v\u1ea5n \u0111\u1ec1 l\u1ef1a ch\u1ecdn \u0111\u1ed1i ngh\u1ecbch n\u1eefa, d\u1eabn \u0111\u1ebfn h\u1ea1n ch\u1ebf cho vay, l\u00e0m suy gi\u1ea3m t\u00edn d\u1ee5ng, \u0111\u1ea7u t\u01b0 v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh t\u1ebf v\u0129 m\u00f4.<\/p>\n

\u1ea2nh h\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu l\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n<\/b><\/p>\n

Tr\u1ea1ng th\u00e1i b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n c\u1ee7a doanh nghi\u1ec7p ph\u1ea3n \u00e1nh th\u1ef1c tr\u1ea1ng v\u1ec1 v\u1ea5n \u0111\u1ec1 th\u00f4ng tin b\u1ea5t c\u00e2n x\u1ee9ng trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh. M\u1ed9t s\u1ef1 gi\u1ea3m s\u00fat nghi\u00eam tr\u1ecdng tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu l\u00e0 nh\u00e2n t\u1ed1 l\u00e0m cho b\u1ea3ng c\u00e2n \u0111\u1ed1i c\u1ee7a doanh nghi\u1ec7p tr\u1edf n\u00ean x\u1ea5u \u0111i.<\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i, s\u1ef1 x\u1ea5u \u0111i c\u1ee7a b\u1ea3ng c\u00e2n \u0111\u1ed1i c\u00f3 th\u1ec3 l\u00e0m gia t\u0103ng v\u1ea5n \u0111\u1ec1 l\u1ef1a ch\u1ecdn \u0111\u1ed1i ngh\u1ecbch v\u00e0 r\u1ee7i ro \u0111\u1ea1o \u0111\u1ee9c, k\u00edch th\u00edch kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh<\/b> x\u1ea3y ra. S\u1ef1 gi\u1ea3m s\u00fat c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu gi\u1ea3m l\u00e0m gi\u1ea3m v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c c\u00f4ng ty.<\/p>\n

V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c c\u00f4ng ty gi\u1ea3m, khi\u1ebfn cho c\u00e1c ng\u00e2n h\u00e0ng kh\u00f4ng c\u00f2n s\u1eb5n s\u00e0ng cho vay, b\u1edfi v\u00ec v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u1ed1n l\u00e0 m\u1ed9t chi\u1ebfc \u0111\u1ec7m, c\u00f3 vai tr\u00f2 nh\u01b0 t\u00e0i s\u1ea3n b\u1ea3o \u0111\u1ea3m ti\u1ec1n vay. Khi gi\u00e1 tr\u1ecb b\u1ea3o \u0111\u1ea3m gi\u1ea3m, khi\u1ebfn cho ng\u00e2n h\u00e0ng kh\u00f4ng c\u00f2n \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7 t\u1ed1t n\u1eefa, d\u1eabn \u0111\u1ebfn kh\u1ea3 n\u0103ng t\u1ed5n th\u1ea5t t\u00edn d\u1ee5ng l\u00e0 hi\u1ec7n h\u1eefu.<\/p>\n

C\u00e1c v\u1ea5n \u0111\u1ec1 trong l\u0129nh v\u1ef1c ng\u00e2n h\u00e0ng <\/b><\/p>\n

C\u00e1c ng\u00e2n h\u00e0ng \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, b\u1edfi v\u00ec ch\u00fang ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3 trong vi\u1ec7c s\u1ea3n xu\u1ea5t v\u00e0 x\u1eed l\u00ed th\u00f4ng tin, l\u00e0m c\u01a1 s\u1edf cho vi\u1ec7c gia t\u0103ng \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 trong n\u1ec1n kinh t\u1ebf.<\/p>\n

Tr\u1ea1ng th\u00e1i b\u1ea3ng c\u00e2n \u0111\u1ed1i t\u00e0i s\u1ea3n c\u1ee7a ng\u00e2n h\u00e0ng c\u00f3 t\u00e1c \u0111\u1ed9ng quan tr\u1ecdng \u0111\u1ebfn vi\u1ec7c cho vay. N\u1ebfu b\u1ea3ng c\u00e2n \u0111\u1ed1i c\u1ee7a ng\u00e2n h\u00e0ng tr\u1edf n\u00ean x\u1ea5u \u0111i (v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m \u0111\u00e1ng k\u1ec3), th\u00ec ngu\u1ed3n v\u1ed1n cho vay tr\u1edf n\u00ean h\u1ea1n h\u1eb9p, d\u1eabn \u0111\u1ebfn gi\u1ea3m s\u00fat t\u00edn d\u1ee5ng. H\u1eadu qu\u1ea3 l\u00e0 \u0111\u1ea7u t\u01b0 gi\u1ea3m, n\u1ec1n kinh t\u1ebf \u0111\u00ecnh tr\u1ec7.<\/p>\n

Th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch ch\u00ednh ph\u1ee7<\/b><\/p>\n

\u1ede c\u00e1c n\u01b0\u1edbc m\u1edbi n\u1ed5i, n\u1ebfu th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch ch\u00ednh ph\u1ee7 tr\u1ea7m tr\u1ecdng, s\u1ebd l\u00e0m ph\u00e1t sinh t\u00e2m l\u00ed lo s\u1ee3 v\u1ec1 kh\u1ea3 n\u0103ng v\u1ee1 n\u1ee3 c\u1ee7a ch\u00ednh ph\u1ee7. K\u1ebft qu\u1ea3 l\u00e0 ch\u00ednh ph\u1ee7 g\u1eb7p kh\u00f3 kh\u0103n trong vi\u1ec7c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu cho c\u00f4ng ch\u00fang, ch\u00ednh ph\u1ee7 quay sang \u00e9p c\u00e1c ng\u00e2n h\u00e0ng mua. <\/p>\n

N\u1ebfu gi\u00e1 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 gi\u1ea3m, l\u00e0m cho b\u1ea3ng c\u00e2n \u0111\u1ed1i t\u00e0i s\u1ea3n ng\u00e2n h\u00e0ng tr\u1edf n\u00ean x\u1ea5u \u0111i, d\u1eabn \u0111\u1ebfn gi\u1ea3m s\u00fat trong cho vay c\u1ee7a ng\u00e2n h\u00e0ng. M\u1ed1i lo s\u1ee3 ch\u00ednh ph\u1ee7 v\u1ee1 n\u1ee3 c\u0169ng c\u00f3 th\u1ec3 l\u00e0 t\u00e1c nh\u00e2n c\u1ee7a kh\u1ee7ng ho\u1ea3ng ngo\u1ea1i h\u1ed1i, khi gi\u00e1 tr\u1ecb \u0111\u1ed3ng n\u1ed9i t\u1ec7 gi\u1ea3m \u0111\u1ed9t ng\u1ed9t do c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i r\u00fat v\u1ed1n ra kh\u1ecfi qu\u1ed1c gia.<\/p>\n

Gi\u00e1 tr\u1ecb n\u1ed9i t\u1ec7 gi\u1ea3m, l\u00e0m cho b\u1ea3ng c\u00e2n \u0111\u1ed1i t\u00e0i s\u1ea3n c\u1ee7a c\u00f4ng ty c\u00f3 n\u1ee3 ph\u1ea3i tr\u1ea3 b\u1eb1ng ngo\u1ea1i t\u1ec7 l\u1edbn tr\u1edf n\u00ean x\u1ea5u \u0111i. B\u1ea3ng c\u00e2n \u0111\u1ed1i x\u1ea5u l\u00e0m gia t\u0103ng v\u1ea5n \u0111\u1ec1 l\u1ef1a ch\u1ecdn \u0111\u1ed1i ngh\u1ecbch v\u00e0 r\u1ee7i ro \u0111\u1ea1o \u0111\u1ef1c, h\u1eadu qu\u1ea3 l\u00e0 gi\u1ea3m t\u00edn d\u1ee5ng, gi\u1ea3m \u0111\u1ea7u t\u01b0 v\u00e0 khi\u1ebfn cho n\u1ec1n kinh t\u1ebf \u0111\u00ecnh tr\u1ec7. (Theo Gi\u00e1o tr\u00ecnh Ng\u00e2n h\u00e0ng Th\u01b0\u01a1ng m\u1ea1i, NXB Th\u1ed1ng k\u00ea<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh (ti\u1ebfng Anh: Financial crisis) c\u00f3 th\u1ec3 hi\u1ec3u l\u00e0 s\u1ef1 m\u1ea5t kh\u1ea3 n\u0103ng thanh kho\u1ea3n c\u1ee7a c\u00e1c t\u1eadp \u0111o\u00e0n t\u00e0i ch\u00ednh, d\u1eabn t\u1edbi s\u1ef1 s\u1ee5p \u0111\u1ed5 v\u00e0 ph\u00e1 s\u1ea3n d\u00e2y chuy\u1ec1n trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31122"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31122"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31122\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}