摘要
基于资产的准备金制度是针对金融机构的各类资产而制订,要求金融机构根据资产类别与规模计提不付息准备金。与传统的货币政策工具相比,ABRR在宏观调控上具有提高货币调控效率、拓展结构调整功能、强化宏观审慎监管、便利资产价格调节的优势,对各国央行特别是我国的货币调控具有重要的参考价值。本文对该制度的内涵特征、作用机理、优势与局限性等问题进行了研究,在我国经济金融环境尚不成熟的条件下,可参照ABRR思想尝试对商业银行的信贷资产实施法定准备金制度。
Asset-Based Reserve Requirements（ABRR） is established against different assets of financial institutions and requests them to hold unremunerated reserve according to assets type and scale.Comparison with traditional monetary policy instruments,ABRR has advantage of enhancing monetary control efficiency,widening structure adjustment function,strengthening macroprudential regulation,easing assets price management and so on.As an innovative monetary policy instrument,ABRR bears important worth to central banks,especially to our country＇s monetary control.This paper carries out a study on the characteristics,mechanism,advantage and limitation of ABRR.Considering the immature economic and financial condition,we propose that China may well implement reserve requirements on loan assets of commercial banks referring to ABRR＇ mode.
出处
《财经科学》
CSSCI
北大核心
2011年第6期18-26,共9页
Finance & Economics
基金
教育部人文社会科学研究青年基金项目"全球流动性冲击对中国经济的影响与政策选择"(编号:10YJC790376)
上海市教委科研创新重点项目(编号:11ZS185)
上海市教委重点学科(第五期)建设项目(国际贸易:J51702)
关键词
基于资产的准备金制度
创新性货币政策工具
结构调控
宏观审慎监管
Asset-Based Reserve Requirements
Innovative Monetary Policy Instruments
Structure Adjustment
Macroprudential Regulation
