宏观审慎政策框架和工具：问题和经验总结  

Macroprudential Instruments and Frameworks:A Stocktaking of Issues and Experiences

作　　者：李丹儿[1] 钟晓玲 苏赟[1] 刘茵茵[1] 郑楚琳[1] 

机构地区：[1]中国人民银行广州分行翻译小组

出　　处：《南方金融》2010年第11期53-57,共5页South China Finance

摘　　要：成功的宏观审慎政策有助于稳定经济,但中央银行在宏观审慎政策框架的开发和应用方面也面临一系列诸如应如何界定宏观审慎政策和应如何操作宏观审慎政策工具等问题。国际清算银行全球金融体系委员会(CGFS)的这份报告讨论了宏观审慎政策的目标和不同类型的宏观审慎政策工具,探讨了宏观审慎政策工具的运用,以及宏观审慎政策工具在一系列经济体中的实际使用经验,最后总结了初步研究结果和存在的问题。Central banks will face a range of issues as macroprudential policy frameworks are developed and applied,because of central banks’roles in financial stability,and because successful macroprudential policy can help stabilize the economy.But questions surround how macroprudential policy should be defined and how its instruments should be operated.This report summarizes the CGFS＇s preliminary ＂stocktaking ＂ of issues and experience related to the design and implementation of macroprudential policy.It first discusses the objectives of macroprudential policy,then looks at different types of macroprudential instruments,examines issues relating to the operation of macroprudential instruments,discusses practical experience with macroprudential instruments in a number of economies,and concludes by noting some preliminary findings and open issues.

关 键 词：宏观审慎 金融稳定 中央银行 系统性风险 

分 类 号：F123.16[经济管理—世界经济]