摘要
信用评价机构的正常作用是给次级贷款抵押证券合理的信用评级,从而有利于市场的稳定与发展。由于机制设计的不完善,信用评价机构为了追求自身的物质利益,采用了宽松的评级方式,使信用等级较差的金融衍生产品充斥金融市场,从而引发金融风暴。
The normal function of credit appraisement mechanism is to give the reasonable credit grading to the secondary loan mortgage securities, and of benefit to the stability and development of market. Due to the imperfect of mechanism design, the credit appraisement organization adopts commodious appraisement method to pursue their own profit, thus make the financing derivatives flooding the financing market and arouse the financing storm.
出处
《经济与管理》
2009年第3期47-49,共3页
Economy and Management
关键词
逆向选择
次级贷款
信用评级
reverse choice
secondary loan
credit grading
