第三方支付的宏观经济风险及宏观审慎监管

Macroeconomic Risk and Macro-prudential Supervision for the Third-Party Payment

国内第三方支付市场发展迅猛,作为一种新型的支付清算体系,它的诞生也为现代金融体系增加了新的宏观经济风险。本文针对第三方支付独特的风险机理,探讨将其纳入宏观审慎监管框架的理论依据,同时在借鉴欧美经验的基础上,提出我国的监管对策。

In recent years,the domestic third-party payment industry is developing rapidly.On one hand,it has greatly promoted the development of electronic commerce,and enriched modern payment and credit system;On the other hand,as a new type of payment and settlement system,its birth has added new macroeconomic risks into the modern financial system.This paper analyses the unique risk mechanism of the third-party payment,and discusses the theoretical basis of bringing it into the framework of macro-prudential supervision.At the same time,this paper puts forward suggestions for the supervision by taking the experience in Europe and the United States for reference.