基于SPV制度缺陷看次贷危机后金融信用制度的重建  

Reconstruction of Financial Credit Policy after Subprime Crisis——Based on SPV Defection

作　　者：石巧荣[1] 

机构地区：[1]广东金融学院,广东广州510520

出　　处：《南方金融》2010年第9期15-19,共5页South China Finance

基　　金：广州市社科规划课题(项目编号:10Y37)的资助

摘　　要：美国的次贷危机起源于资产证券化,而资产证券化的核心是特殊目的机构(SPV)。本文从SPV在次贷证券化中的功能构建及其制度设计中存在的缺陷出发,分析次贷危机发生的根源,进而提出后危机时代重建金融信用制度的基本原则和主要内容,以提升金融市场效率,防范金融风险。American Subprime crisis is resulted from securitization, and the core of securitization is SPV. This paper starts from the flaw of structure and policy making of SPV within subprime securitization, analyzes the origin of subprime crisis, and then raises the fundamental principles and main component of financial credit policy reconstruction in the post-crisis age, with the aim to approving financial markets efficiency and preventing financial crisis.

关 键 词：次贷危机 SPV 信用增级 金融信用制度 

分 类 号：F830.1[经济管理—金融学]