政府干预理论:证券监管的必要性和适度性

The Theory of Governmental Intervention:the Necessities and Moderation of Securities Supervision

证券市场具有市场的一般特征,同时具有高风险和高效集资的独有特征。当证券市场同样面临市场失灵的问题时,政府监管部门有责任对市场进行有效干预。在政府宏观干预理论视域下,结合一般市场与证券市场的共性与特性之比较,探讨证券监管的必要性及证券监管"度"的把握,对于优化证券市场具有一定的理论意义和现实意义。

Securities market has usual market characteristics, where risks are many raised effectively. When securities market fails, governmental supervisors should give and funds can be effective intervention. In the theory of governmental intervention, to explore the necessity of securities and the moderation of securities supervision has some theoretical and practical significance in optimizing securities market.