论国际金融危机背景下金融衍生品市场的功能及其可持续发展

Viewing the Function of Financial Derivatives Market and Its Development From Perspective of the Financial Development Theory

从金融发展理论的视角出发,反思金融体系(市场)的功能和发展,并结合国际金融危机的背景,分析金融衍生品市场在金融发展和经济发展中的功能,得出金融衍生品市场具有两面性的结论。因此,应对金融衍生品风险分清层次,加强监管,积极利用并发挥其正向功能;同时,应以金融可持续发展的战略思想为指导,构建符合我国自身发展特点的金融衍生品发展结构与模式。

From the perspective of the theory of financial development, and considering the functions and develop- ment of the financial system （market） , and the background for the international financial crisis, an analysis is made on the functions of financial derivatives market in the financial development and economic development. The conclu- sion is that the financial derivatives market owns double s.ides. Therefore, it＇ s necessary to distinguish the risk lev- els for the financial derivatives under a strengthened supervision, taking active use and putting its positive function into full play; at the same time, it＇ s necessary to follow the guidance of strategic thinking of financial sustainable development so as to build up the financial derivatives developing structure and mode with Chinese own development characteristics.