摘要
本文提出了"国家快速支付体系"的构想,并应用市场结构理论研究了金融科技创新给零售支付市场带来的结构性影响,对快速支付体系未来发展的影响进行情景分析。基于绝对市场份额、相对市场份额与去中心化三个市场结构模型,具体分析了在无政府干预的情形下,国家快速支付体系三种市场结构对支付体系普适性、安全性与高效性的影响。分析结果表明,每一种市场结构都有优劣,都难以有效兼顾普适性、安全性与高效性,去中心的市场结构可能并不像直觉判断的那样有明显优势。本文为后续国家支付体系的发展演进及政策应对提供了一个基础分析框架,相关研究还有待进一步拓展和深化。
This paper studies the structural changes that FinTech has brought about on retailing payment system and conducts scenario analysis on the development of faster payment system,and proposes a National Faster Payment System based on the market structure theory.Based on the three market structure models of absolute market share,relative market share and decentralization,this paper analyzes,the effects of the three market structures of the national faster payment system without government intervention,on the general application,security and efficiency of the payment system.We find that every market structure has its pros and cons and a trade-off between general application,security and efficiency,and the decentralized market structure probably does not have the dominating advantages as our intuition suggests.This paper provides a rudimentary framework for further studies on the evolution of national faster payment system.
出处
《金融监管研究》
北大核心
2018年第6期94-108,共15页
Financial Regulation Research
关键词
零售支付
支付体系
市场结构
去中心化
Retail Payment
Payment System
Market Structure
Decentralization
