运用托宾税等市场化手段抑制短期投机资金出入的政策设计

Using the Tobin Tax Policy Design of Market-oriented Means to Curb Short-term Speculative Capital Flow In and Out of

1997年亚洲金融和2007年国际金融危机警示我们,短期投机资本流动会对金融市场形成冲击,诱发金融危机,进而威胁国家金融安全。因此,如何运用托宾税等市场化手段抑制短期投机资金流出入,防止跨境资金大规模波动,成为外汇政策设计的重点。本文分三部分:托宾税及托宾税衍生形式概述;介绍各国实践及对我国的启示;我国现实选择及政策设计。

The 1997 Asian financial and the 2007 international financial crisis warning us, short-term speculative capital flows impact on the formation of the financial market, induced financial crisis, and threatens the safety of national finance. Therefore, how to use the Tobin tax market means to curb short-term speculative capital flow in and out, to prevent cross-border capital large-scale fluctuations, become the focus of foreign exchange policy design. This paper is divided into three parts： the Tobin tax and the Tobin tax derived form overview; introduces the practices of various countries and the enlightenment to our country; our country＇s realistic choice and policy design.