一引言本文着眼于美国经常项目逆差对东亚经济的影响,根据美国经常项目赤字背景,分析东亚—美国形成的“新布雷顿森林体系”的特征,以及基于这种体系所形成的融资安排。美国作为资金需求方,东亚须承担起供给资金的责任,从美国对东亚国家的影响角度来分析美国如何占据主动权来牵制东亚国家。融资体系给东亚—美国带来了特定时期的稳定和 I. INTRODUCTION This paper looks at the impact of the U.S. current account deficit on East Asian economies. Based on the background of the U.S. current account deficit, this paper analyzes the characteristics of the East Asia-United States system of “new Bretton Woods” and the financing arrangements based on such a system . As the capital demand side, the United States must assume the responsibility of providing funds. From the perspective of the U.S. influence on East Asian countries, it analyzes how the United States occupies the initiative to contain East Asian countries. The financing system has given East Asia-United States a certain period of stability and stability