摘要
20世纪90年代亚洲金融危机以后,短期流动资本管理再次成为关注的重心。在中国,由于企业不能自主的在国际金融市场上募集资金,只能通过政府作为“中间人”代其在国际金融市场中融资。因此政府实质上充当“最后贷款人”的角色,既承担国际短期债务的催偿风险,又要承担融资成本,我国政府应该从国家金融安全与降低国际融资成本方面考虑,选择最佳短期资本流入规模,既降低金融风险,又降低国际融资成本。
After 1990s Asia financial crisis, short-term flowing capital becomes a focus again. In China, Chinese enterprises can not raise money from international financial market by themselves and can do this by “the agency” of Chinese government. As a result, the government practically works as a final borrower and the government assumes the responsibility for international short - term debt risk and financing cost. Chinese government should take national financial safety and financing cost into consideration and choose optimum short - term capital flowing scale in order to decrease financial risk and international financing cost.
出处
《重庆工商大学学报（社会科学版）》
2005年第5期28-32,共5页
Journal of Chongqing Technology and Business University：Social Science Edition
关键词
短期流动资本
管理规模
实证
short -term flowing capital
management scale
positive research
