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金融体系的微观传导机制 被引量:8

The Transmission Mechanism in Financial System
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摘要 本文的目的是通过对金融体系的微观传导机制的阐述,指出在不完全金融市场条件下,金融体系的建设不应该追求“完美”,而应该重视“合理”。全文主要阐明了如下的问题:金融体系的主要功能是什么,而且,如何束发挥这些作用,才能克服金融脆弱性对实体经济的负面影响,达到像费雪(1930)描述的那样,使企业为社会创造出最大的价值,使消费者从中获得最大的享受这样的理想状态。 Through expounding the transmission mechanism in financial system, the paper aims to point out that the construction of financial system should pay attention to 'rationality' instead of pursuing 'perfection' in an incomplete financial market. The paper mainly expounds the following issues: What is the main function of financial system? How to develop these functions so as to overcome the negative effect of financial fragility on the entity to reach an ideal state just as what Fischer(1930) described, in which an enterprise can create the largest value for the society, while the customer can enjoy the most.
作者 孙立坚
出处 《上海财经大学学报》 2004年第1期3-12,共10页 Journal of Shanghai University of Finance and Economics
关键词 金融体系 传导机制 金融市场 企业 消费者 实体经济 transmission mechanism combination logic financial system
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参考文献7

  • 1[1]Demirguc-Kunt, Asli and Harry Huizinga. Market Discipline and Financial Safety Net Design[R]. Policy Research Paper No. 2183, World Bank, Washington, D. C,2000.
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二级参考文献20

  • 1孙立坚.《银行的脆弱性和货币危机的关系(日语)》[A]..《国际金融》1002—1003号[C].外汇贸易研究会出版社,1998.pp 42—48.
  • 2.《金融体系的微观传导机制》,复旦大学中国经济研究中心工作论文(2003).中国金融家网站,http://www.zgjrj.com/index.htm,.
  • 3清泷信宏.《日本近期的坏账问题》[J].《比较》,2003,:101-113.
  • 4Diamond, D W and R G Rajan (2000), "A theory of bank capital, " Journal of Finance 55:2431 - 2465.
  • 5Hoshi, Takeo, and Anil K Kashyap, (2001), Corporate Financing and Governance in Japan: The Road to the Future, Cambridge, MA: MIT Press.
  • 6Ito, Takatoshi. and Sasaki, Yori. (1998) "Impact of Basle Accord on Japanese Banks' Behavior," NBER Working paper series No. 6730.
  • 7Mitsuhiro Fukao, (2002). " Financial Sector Profitability and Double- Gearing," NBER Working paper series No. 9368.
  • 8Takero Doi & Takeo Hoshi, (2002). "Paying for the FILP, " NBER Working paper series No. 9385.
  • 9Tirole, J (2001), "Corporate governance, " Econometrica 69:1 - 35.
  • 10Aoki, M , H Patrick, and P Sheard (1994), "The Japanese main bank system: An overview," in M Aoki and H Patrick editors, Japanese Main Bank System Oxford University Press.

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