贸易信用风险控制手段的阶段性

Approaches to controlling trade credit risk in different phases

在一国转向更灵活汇率制度的过渡时期,如果同时缺乏完善的市场利率体系,贸易信用引起的资金跨国流动,是导致一国金融秩序混乱的重要途径之一。该文从贸易信用变动与一国经济开放程度的关系出发,分析了贸易信用的特点,包括贸易信用在内的贸易金融的演变趋势,并结合日本实例对资本项目自由化后针对贸易金融风险的监控手段进行了探讨。

In the transitional period toward a more flexible exchange rate regime, cross-order capital flows from trade credit may lead to financial disorder of a nation without a sound market rate system. Starting from the relationship between changing trade credit and national economic openness, this paper analyzes the key features of trade credit as well as the evolving trends in trade finance including trade credit. In the case of Japan, measures to monitor trade finance risks after capital account liberalization are also discussed.