庚子赔款退还与北洋时期内国公债

发布时间：2018-03-20 08:34

本文选题：庚子赔款　切入点：内国公债　出处：《安徽师范大学》2011年硕士论文　论文类型：学位论文

【摘要】：北洋政府时期是我国近代内国公债发行的滥觞时期。北洋政府先后发行27种内债,其中12种以庚子赔款退赔款为担保。庚子赔款退还伊始便就是否滚入“关余”而产生争议,北洋政府对此据理力争,最终使之成为内债发行的担保基金,而没有滚入“关余”再次归外国人掌控。1921年整理案后,内债基金更是主要依靠庚子赔款。从整个历史进程来看:1914年至1916年,退赔款为北洋时期内国公债的发行开辟了新纪元。1917年至1921年,退赔款刺激下北洋内债发行持续高涨。1922年至1926年,退赔款对北洋政府债信勉力维持,北洋当局内国公债发行日益萎缩,开始变相发行。庚子赔款担保下的内债具有如下特点:(一)款项确实,偿还顺利;(二)外债转化为内债;(三)市场认可度高,价格相对较高;(四)公债利率较高,市场投资性强。正是有这么多有利因素,所以其对北洋时期政治、金融、财政、经济等各方面都产生了重要影响。首先,巩固债信,稳定市场从。其次,从财源上支持了军阀混战,造成政局混乱。第三,刺激投机,扰乱金融。第四,紊乱财政,引发通胀。第五,造成社会贫富悬殊。第六,任用洋人,损害国家利权。如此种种,影响所及又不仅仅是公债问题了。
[Abstract]:The period of Beiyang Government was the beginning of the issuance of domestic public debt in modern China. The Beiyang Government issued 27 kinds of domestic debts successively, of which 12 were guaranteed by the refund of the indemnity of the Boxer. From the very beginning of the return of the indemnity, the dispute arose as to whether to roll into the "customs surplus". The Beiyang government argued for this and eventually made it a guarantee fund for the issuance of domestic debts, without rolling into the "Guan Yu", which was under the control of foreigners again. After the case was filed in 1921, the domestic debt fund was mainly dependent on the indemnity of the Boxer. From the perspective of the whole historical process: from 1914 to 1916, the refund and loss funds opened a new era for the issuance of domestic bonds during the period of the Northern Ocean. From 1917 to 1917, the issuance of domestic bonds in the Northern Ocean continued to rise under the stimulus of the refunds. The payback managed to maintain the debt of the Beiyang government, which began to issue government bonds in disguised form as the issuance of domestic government bonds shrank day by day. The domestic debt under the guarantee of the Boxer indemnity has the following characteristics: (1) indeed, the repayment of the foreign debt is smooth. (2) the foreign debt is converted into a domestic debt. (3) the market is highly recognized, and the price is relatively high. (4) the interest rate on the public debt is higher. It is precisely because there are so many favorable factors that it has had an important impact on the politics, finance, finance, economy and other aspects of the Northern Ocean period. First, to consolidate the debt credit and stabilize the market. Secondly, It has supported the war of warlords in terms of financial resources, resulting in political chaos. Third, it has stimulated speculation, disrupted finance, disrupted finance, and caused inflation. 5th, resulting in social disparity between the rich and the poor. 6th, the appointment of foreigners, and the undermining of national interests. The impact is not just about public debt.
【学位授予单位】：安徽师范大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：K258

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