摘要
危机以来的审慎保障措施发挥了极大稳定功效,但危机后的政治制衡与法规调整之后,部分中央银行迅速有效应对系统性金融危机的能力正在下降,该文对于应急权限和其它应急措施的局限性深表关切。最佳方案是事先设置可行机制,为当局预留可以及时应对重大危机的自由裁量权,这会提升市场信心,从而降低危机失控的可能。
The prudential safeguards introduced post-crisis have made financial systems more resilient and stable.However following the political checks and balances and regulatory adjustments after the crisis,some central banks have a diminished ability to respond swiftly and effectively to a systemic financial crisis.This article raises important concerns regarding limitations on the emergency powers and other emergency measures.It believes that it is best to have in place beforehand the workable architecture of a discretionary ability of the authorities for extreme cases,which can increase the confidence of market participants and thus reduce the likelihood of difficulties getting out of hand.
出处
《中国货币市场》
2018年第12期74-78,共5页
China Money
