央行与银监会之间信贷政策的分工与协作:规则理论的视角

Division and Coordination of PBC and CBRC in Credit Policy: Perspective from Hierarchical Theory

针对2003年银行监管职能分离后,信贷政策在央行与银监部门间存在的分工和协作问题,笔者运用新制度经济学关于规则层级理论,将信贷政策规则系统及其管理权限分为宏观的信贷政策管理和微观的信贷政策管理两个层次,在此基础上,以房地产信贷政策为例,分析央行与银监部门间在信贷政策上的分工和协作关系的演变阶段和特点,以及存在的问题和原因,进而提出以落实央行"三定"方案为核心的一系列政策改进意见。

As to the division and coordination issue of PBC （People＇s Bank of China） and CBRC （China Banking Regulatory Commission） after their separation in 2003, the author introduces hierarchical theory and points out that there should be two layers in credit policy rules system-macro credit policy management and micro credit policy management. Then, taking real estate sector for instance, the article analyzes the phrases and traits of PBC and CBRC＇s division and coordination, and also the problems existing between them. Finally, the article gives out policy proposals to improve the implementation of PBC＇s Provisions on Main Function, Internal Structure and Staffing Scheme.