对我国资本充足率监管中次级债发行的辩证思考  

Dialectic Consideration of the Issuance of Subordinate-debt in Chinese Capital Adequacy Supervision

作　　者：黎四奇[1] 

机构地区：[1]湖南大学法学院,湖南长沙410082

出　　处：《湖南公安高等专科学校学报》2009年第3期73-79,共7页Journal of Huan Public Security College

摘　　要：与其说次级债的发行给商业银行的有效监管带来了一种福音,倒不如说它更意味着对监管者监管能力、边缘性法律制度之完善及一国金融法治水平的莫大挑战。事实上,次级债的诞生本就是一种博弈的产物,这妥协之中必定隐含着制度固有的瑕疵(创新之成本)。而且,制度预设价值的兑现也是一个因国而异的问题。因此,制度理性的创新需要我们透过次级债"债"的本质并基于现实可用的资源进行冷静的思考。The issuance of subordinate - debt for the commercial banks is more goodness than a great challenge to the supervisor＇s ability, the perfection of the disciplinary legal system, and the level of financial nile of law. Actually, the advent of subordinate - debt is the growth of competition which will inevitably embodies its inner flaws. Furthermore, the performance of the expected value varies with countries. Therefore,it＇s necessary for us to coldly consider the reasonable innovation of system both on the basis of the nature of subordinatedebt and on the realistic resources.

关 键 词：资本 资本充足率 次级债 

分 类 号：D943.3[政治法律—法学]