日本泡沫经济与金融监管  

The Japanese Bubble Economy and Financial Supervision and Regulation

作　　者：高培道[1] 张婧[2] 

机构地区：[1]北京大学光华管理学院,北京100871 [2]山东大学经济学院,山东济南250100

出　　处：《现代日本经济》2009年第2期18-25,共8页Contemporary Economy OF Japan

基　　金：教育部哲学社会科学研究(2007年度)重大课题攻关项目"金融市场全球化下的中国金融监管体系研究"(07JZD0010);日本国际交流基金的帮助与支持

摘　　要：我国经济近年来在高速增长的同时出现了外汇储备激增、人民币不断升值、资产价格高涨的现象,与当年日本的泡沫经济危机颇为相似。最近,由美国次贷危机引发的全球金融风暴对我国的实体经济和虚拟经济的运行产生了较为严重的影响,我国是否已经处于泡沫危机的边缘,成为大家广为关注的问题。本文研究日本泡沫危机,认为日本的金融监管体系在经济泡沫发展的各阶段都存在诸多不足之处。总结日本的经验与教训对于完善中国的金融监管体系具有重要的启示意义。The rapid growth of Chinese economy is accompanied by the expanding international reserves, the sustaining appreciation of RMB, and the rising asset prices. The symptoms are particularly similar to those of the Japanese bubble economy. Given that the recent financial tsunami triggered by the subprime crisis has had serious impacts on both real economy and virtual economy of China, it has been a widely concerned topic whether China is on the edge of a bubble - bursting event. With an analysis of Japan＇s bubble crisis, this paper argues that the Japanese financial supervision and regulation system had serious shortages in each stage of the economic bubble. The Japanese experences and lessons have important implications for the improvement of China＇s financial supervision and regulation system.

关 键 词：日本 泡沫经济 金融危机 金融监管 金融市场 自由经济 

分 类 号：F133.13[经济管理—世界经济]