信用屏蔽、信用替代与国有银行的产权改革

A Discussion about Credit-shield、Credit Substitution and Reform of Property Right in Our National Banks

本文首先从信用契约意义和交易成本的角度,重新界定了银行的职能,并提出了信用屏蔽和产权幻觉的概念;随后进一步利用制度经济学和信息经济学的方法对国有银行的行为模式进行分析,考察了在银行国有化的制度安排下,信用屏蔽和产权幻觉带来的影响,得出了中国金融风险内生性的结论,提出只有改革国有银行的产权结构,才能消除信用屏蔽和产权幻觉可能带来的负面影响,从而恢复银行作为信用中介组织的本来面目。

In the first, from the meaning of credit contracts and transaction cost, the function of banks is defined again and definitions about credit-shield and property hallucination are provided in this thesis. Then the behavior style of the national bank is analyzed with political economy and infonnation economy. Reviewing the influence of credit-shield and property hallucination under the institution of national banks, a conclusion is drawn that the risk of financial system is gendered in the national banks. So reform the construction of the national banks property is the only way to dissolve the negative influence that credit-shield and property illusion have brought and get original appearance back that the bank is a credit agency.