金融范式转换:从信用到信用合约——金融服务实体经济之理论支撑

Financial Paradigm Conversion:From Credit to Credit Contract——The Theoretical Support of Finance Serving the Real Economy

对金融学基本分析单元进一步微观化的讨论,必须基于原有的"信用"范畴,通过信用的合约属性的分析,实现基本分析单元由"信用"向"信用合约"的转变。这不仅能提高金融的结构与流程分析的规范化,还有助于建立"由交易属性到金融合约设计与比较进而金融合约定价与组合",实现不同分支领域范式统一化的金融学逻辑,并由此构建涵盖财务、数理与经济学等相关知识的大金融微观分析框架。将信用的金融学拓展为信用合约的金融学,也有利于加强金融范畴的社会福利分析,为"金融服务实体经济"提供理论支撑。

The further discussion of finance have to be based on the credit, which is the original category of finance. By focusing on the the contract properties of credit, the basic analysis unit is transformed from credit into credit contract. It not only improves the normalization of financial structure and process, but also helps to establish an integrated big financial micro analysis framework with finance,math and economics ranges from transaction attributes to financial contract. It may promote the unification of analytical paradigms in different financial branch. Furthermore, expanding finance from credit to credit contract is beneficial to improving social welfare analysis of financial category,and provides theoretical support for financial system supporting real economy.