化解流动性过剩的一个现实选择--以优化金融功能为目标进行商业银行战略转型  

A Feasible Choice to Resolve Liquidity Surplus——Fulfilling Commercial Banks' Strategic Transformation to Optimize Financial Functions

作　　者：邓黎阳[1,2] 王勇[3] 

机构地区：[1]北京大学中国经济研究中心博士后流动站 [2]中国工商银行博士后科研工作站,北京100036 [3]海南大学经济学院

出　　处：《金融论坛》2008年第1期3-10,共8页Finance Forum

基　　金：中国博士后科学基金(20060400359);中国工商银行博士后科研基金资助。

摘　　要：流动性过剩是我国近年来经济中日益突现的新问题。出现于中国这样资本稀缺的发展中国家的流动性过剩,与传统经济理论描述的发达国家流动性过剩大不相同。中国当前的流动性过剩不是商品供不应求下的货币流动性过剩,也不是资本要素的过剩,而是具有一定持续性的货币层面的摩擦型的流动性过剩。其形成原因在于实体经济的非均衡以及金融发展与实体经济发展的不匹配。解决当前的摩擦型流动性过剩,有赖于实体经济非均衡的化解,更有赖于金融体系功能的优化。而实行商业银行战略转型,优化其金融功能,提高资金配置效率,应是我国当前流动性过剩问题的一个现实而有针对性的解决方案。In recent years, liquidity surplus has become an increasingly serious problem in Chinese economy. Such surplus in China, a country lack of capital, is very different from the so-called liquidity surplus in developed countries described by traditional economic theories, which .is neither the surplus in money under the situation that product supply is unable to meet the demand nor the excess of capital factors. In fact, it appears the characteristic of persistent frictional liquidity surplus in money form, which results from the non-equilibrium of real economy and the mismatch between the development of real economy and financial market. To resolve the frictional liquidity surplus, we need to not only eliminate the non-equilibrium in real economy, but also optimize the function of whole financial system. Therefore, carrying out strategic transformation of commercial banks to improve their financial functions and thus enhance the allocation efficiency of capital will be a feasible choice.

关 键 词：非均衡 摩擦型流动性过剩 最优金融功能 商业银行战略转型 

分 类 号：F822[经济管理—财政学]