对中国金融系统性风险的追问——制度成因、历史差异与化解之策

发布时间：2018-02-25 07:33

  本文关键词： 金融系统性风险 金融抑制 金融体制改革 经济转型 自贸区建设　出处：《探索与争鸣》2014年07期 　论文类型：期刊论文

【摘要】：中国金融体系系统性风险问题,为国内外所共同关注。60多年来,中央政府管理金融的政策,其实质是通过压低生产要素价格的金融抑制政策补贴企业,以促进固定资产投资和经济增长,并在需要的时候对不同部门或利益集团的资源进行再分配,以实现危机成本的社会化转移或分摊,从而达到维持社会、经济和金融稳定的效果。2006年本应是全面启动整体金融改革、有效退出金融抑制政策之机,但金融体制改革被一再延误,其结果是,中国经济金融陷入严重的结构扭曲,社会矛盾日益加深。防范系统性金融风险的政策,需要处理好防风险与去杠杆的关系及反危机与挤泡沫的关系,以利于中国金融和经济的转型与可持续发展。
[Abstract]:The problem of systemic risk in China's financial system has been the common concern of domestic and foreign countries for more than 60 years. The essence of the central government's policy of managing finance is to subsidize enterprises through the financial suppression policy of lowering the price of factors of production. To promote investment in fixed assets and economic growth, and to reallocate resources from different sectors or interest groups, as needed, in order to achieve the social transfer or allocation of the costs of the crisis, thereby sustaining society, The effect of economic and financial stability. 2006 was supposed to be an opportunity to fully launch the overall financial reform and effectively withdraw from the financial repression policy, but the reform of the financial system was repeatedly delayed. As a result, China's economy and finance fell into serious structural distortions. The policy of preventing systemic financial risk needs to deal well with the relationship between risk prevention and deleveraging and the relationship between anti-crisis and bubble squeezing so as to benefit the transformation and sustainable development of Chinese finance and economy.
【作者单位】： 上海交通大学安泰经济与管理学院;上海交通大学现代金融研究中心;上海市政府发展研究中心发展战略研究所潘英丽工作室;
【分类号】：F832
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本文编号：1533563