中国资产证券化的制度竞争与协调  

System Competition and Coordination for Asset-backed Securities in China

作　　者：洪艳蓉[1] 

机构地区：[1]北京大学法学院,北京100871

出　　处：《证券市场导报》2006年第9期16-24,共9页Securities Market Herald

基　　金：本文为2005年度教育部人文社会科学研究项目"信贷资产证券化投资者保护法律机制"(批准号:05JC820039)的阶段性成果

摘　　要：制度竞争是一个制度发现的过程。证券化试点阶段,中国特定的金融改革和开放条件促成信贷资产证券化和企业资产证券化的制度竞争。这种发生于监管者之间以及市场组织之问的竞争,既有积极作用又潜藏负面效应。应通过有效的制度协调促进证券化调整框架的完善,以保障证券化市场的健康和繁荣发展。System competition is a system discovery process. In the preliminary stage, the special circumstance of financial reform facilitates system competition between securitization of credit asset and corporate asset. This competition between the regulator and market organizer is actually a two-edge sword. An effective coordination system should be set up to promote improvement of adjustment framework and ensure the healthy growth of the ABS market.

关 键 词：资产证券化 制度竞争 制度协调 金融创新 

分 类 号：F832.4[经济管理—金融学]