制度金融理论的新发展:文献述评

发布时间：2018-11-11 14:43

【摘要】：制度金融理论近年来引起人们的广泛关注,其研究框架正日趋成形,本文试图对此领域的若干新进展进行初步梳理。本文发现,在Merton等提出的"功能与结构金融学"框架中,制度金融理论的独特面目渐趋清晰。Stiglitz等通过将一些关键制度因素"内生化"于既有的货币经济分析框架,为长期行进于宏观路径的货币经济学找回了微观(制度)基础,不过,他们并未触及货币经济运行背后的金融权利内涵。所幸Soto发现并强调了货币金融所有权的制度涵义。Borland和Yang则将分工、货币与信贷以及法律、政府等多种因素引入一般均衡模型,揭示了货币的性质以及货币制度演进的深层涵义;而在金融中介理论初步接纳了金融企业家因素之后,被主流经济学长期搁置的金融机构以及金融企业家的演进与结构也正式进入制度金融理论的核心框架。
[Abstract]:In recent years, institutional finance theory has attracted wide attention, and its research framework is taking shape day by day. This paper attempts to carve out some new developments in this field. In this paper, we find that in the framework of "function and structural finance" put forward by Merton et al, the unique features of institutional finance theory gradually become clear. Stiglitz et al "internalize" some key institutional factors in the existing framework of monetary economic analysis. Monetary economics, which has been on the macro path for a long time, has found its microscopic (institutional) basis, but they have not touched the financial right connotation behind the operation of the monetary economy. Fortunately, Soto discovered and emphasized the institutional meaning of monetary and financial ownership. Borland and Yang introduced the division of labor, money and credit, law, government and other factors into the general equilibrium model. It reveals the nature of money and the deep meaning of the evolution of monetary system. After the financial intermediary theory has initially accepted the financial entrepreneur factor, the evolution and structure of financial institutions and financial entrepreneurs, which have been shelved for a long time by mainstream economics, have formally entered the core framework of institutional finance theory.
【作者单位】：中国人民大学财政金融学院;中国财政金融政策研究中心;
【基金】：2007年度国家社会科学基金重点项目“科学发展观与新时期深化中国金融体制改革的政策选择”(07AJY015) 中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)重大基础研究计划项目“金融分析的制度范式与制度金融学”(10XNL008)的支持
【分类号】：F830

【共引文献】