美国金融危机的法律反思

Legal Reflections of American Financial Crisis

从法律上反思2008年美国金融危机的成因,主要表现为:鼓吹金融自由化,拒斥政府管制所导致的金融监管理念的偏差;错把放松管制等同于放弃监管的金融监管权力的虚置;现有监管制度的内在缺陷导致信贷市场法律规制的失败;货币政策的失误给危机的爆发以可乘之机。因此,必须正确处理金融自由、金融监管与金融创新三者之间的关系,使金融监管随着金融创新的发展不断与时俱进,才能从法律上防止和减少金融危机的发生。

From a legal perspective, the main reasons for 2008 American financial crisis include the deviation from ideas of financial supervision, the lack of financial regulatory powers under deregulation,the defects of the existing regulatory system and the errors of monetary policies.To prevent or reduce the occurrence of financial crisis, therefore, we must correctly deal with relationships among financial freedom ,financial supervision and financial innovation to make the financial regulation and supervision advance constantly with the development of financial innovations.