资金成本隆起:成因与化解

发布时间：2018-01-30 06:46

本文关键词： 资金成本地方融资平台资金集中金融机构空心化经济发展人民币理财信贷政策隐性担保社会融资 　出处：《银行家》2014年08期 　论文类型：期刊论文

【摘要】：正资金成本高企是近几年来困扰我国实体经济发展的一大病症。市场上的资金逐渐流向了少数能够支付得起高昂资金成本、或对资金成本不敏感的部门,前者如房地产行业,后者如地方融资平台。而那些原本急需资金的行业却由于得不到供给,逐渐出现产业萎缩乃至"空心化"的后果。对资金的提供者——银行或其他非银行金融机构而言,影响也是不利的,其所投贷资金集中到少数行业会增大信用风险,容易引发危机,美国的"次贷危机"就是最好的例子。本文旨在探讨我国实体经济资金成本隆起的成因,并探寻风险的化解之道。
[Abstract]:In recent years, the high cost of positive capital is one of the major diseases that haunt the development of real economy in China. The capital in the market has been flowing to a few departments that can afford the high cost of capital or are insensitive to the cost of capital. The former, such as the real estate sector, and the latter, like local financing platforms. The consequences of a gradual contraction of industries and even "hollowing out" are also detrimental to the providers of capital-banks or other non-bank financial institutions. The concentration of loan funds in a few industries will increase the credit risk and easily lead to a crisis. The "subprime mortgage crisis" in the United States is the best example. The purpose of this paper is to explore the causes of the rising cost of capital in the real economy of our country. And explore the solution of the risk.
【作者单位】：北京金融资产交易所;
【分类号】：F832.2
【正文快照】： 资金成本高企是近几年来困扰我国实体经济发展的一大病I症。市场上的资金逐渐流向了少数能够支付得起高昂资金成本、或对资金成本不敏感的部门,前者如房地产件业,后者如地方融资平台。而那些原本急需资金的行业却由于得不到供给,逐渐出现产业萎缩乃至“空心化”的后果。对资

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