摘要
我国影子银行的产生在很大程度上是因为国内巨大的融资缺口,部分企业无法从正规的银行信贷渠道取得融资,从而转向影子银行等非正规的融资渠道。同时,影子银行的产生和发展也是金融机构规避监管套利的结果。影子银行的业务在监管视线之外,扩大了整个社会信用创造的范围,削弱了货币政策的效果,并对政府的产业政策造成了负面影响。但影子银行对满足我国实体经济融资需求发挥着重要作用,简单地直接禁止或强制转型都是不可取的。利率市场化定价是消除利用利率双轨制进行融资套利的根本途径,是有效控制影子银行体系不合理扩张的最有效方法。
The domestic huge financing gap leads to the emergence of shadow banks to a great extent. Some companies are unable to get financial support from regular banks,so they turn to shadow banks for financing. Meanwhile,the supervision evasion and arbitrage of financial institutions result in the emergence and development of shadow banks. The business of shadow banks is beyond the supervision and expands the scope of credit creation in the whole society. In fact,the existence of shadow banks weakens the monetary policy and has a negative impact on government＇s industrial policy. But shadow banks still play an important role in meeting the demand of financing for real economy. It is not advisable to prohibit or convert the shadow banks simply. The best way to eliminate financing and arbitrage by the rate of double track system is to achieve market pricing of interest rate. It is still an effective way to control the expansion of shadow banks system.
出处
《税务与经济》
CSSCI
北大核心
2015年第6期17-22,共6页
Taxation and Economy
关键词
影子银行体系
风险
监管
融资
shadow banking system
risk
supervision
financing
