财政货币政策与金融风险的防范

Fiscal and Monetary Policies and Averting the Financial Crisis

文章认为，在现代市场经济条件下，金融风险总是客观存在的，而金融危机则是金融风险累积到一定程度的产物。中国的金融风险与东南亚国家不同，它主要不是来自国际游资的冲击，或以银行为主体的金融体系向以金融市场为主体的金融体系转化过程中金融监管制度的缺陷，而是根源于传统的计划经济体制本身，并与转轨过程中财政货币政策有直接或间接的关系。因此，中国要防范和化解金融风险，一方面要加快制度性变迁，逐步消除金融风险产生的制度性因素；另一方面要制定适当的财政货币政策。

Abstract This paper presents the view that financial crisis is objective existence under modern market economy. The financial crisis is the product of the financial risks accumulating to a certain extent. China's financial risks differ from those in Southeast Countries. It doesn't result from the impact of international floating capital or the shortage of the financial supervisional system, but results from the traditional planned economic system and is related to the fiscal and monetary policies during the system transitional process. Then the author gives some suggestions for averting and eliminating China's financial crisis. On the one hand, we should speed up the system transition in order to eradicate the system basis which brings about financial crisis. On the other hand, we must make proper fiscal and monetary policies, and make them be coordinating each other.