金融市场与金融中介的功能比较分析

金融体系最基本的功能是引导资源配置 ,由此衍生出流动性便利或流动性保险、资源汇聚和股权分割、风险管理、信息生产、为投资者提供监控和激励手段等功能。金融中介和金融市场在这些功能方面各有所长 ,因此在金融体系设计上应当扬长避短 ,互为补充 ,以促进融资的顺利进行和融资效率的提高。

the fundamental function of financial system is to allocate resources across times and spaces. From this, some other functions can be derived, such as to provide ways of clearing and settling payments to facilitate trade, to provide a mechanism for the pooling of resources and for the subdividing of shares, to provide ways of managing risk, to provide ways of information production and to provide ways of dealing the incentive problems. The financial intermediaries and financial markets have their advantages at performing theses kinds of functions.