住房抵押贷款证券化对金融市场效率作用机制的研究

A Research on MBS and Efficient Mechanism of Monetary Market

目前,金融市场的不完全性增加了其潜在的系统风险,存在弱化金融市场效率并破坏系统稳定性的可能。因此,在我国建立和推行住房抵押贷款证券化的过程中,要把完善市场运行机制放在首位,充分发挥这种金融创新工具的积极作用,加快中国金融市场的发展与完善。

At present,a potential system risk is aroused by the incomplete monetary market,And there exist the efficiency of weak monetary market and possibility of distorying systematic stability.So during the process of setting up MBS,the perfect market mechanism should be put at the first place and the active function of monetary innovative device can be played fully and then the development and perfectibility of China's monetary market can be stepped up.