中央银行金融危机救助的成本-收益分析  

The Costs and Benefits of Central Bank Rescue for Financial Crisis

作　　者：齐稚平[1] 姜成人 

机构地区：[1]中国人民银行成都分行,四川成都610000 [2]成都同兴小额贷款有限公司,四川成都610000

出　　处：《生态经济》2011年第5期89-94,共6页Ecological Economy

基　　金：教育部应急课题"应对国际金融危机研究--基于次贷危机对中国经济金融影响的实证分析及应对策略"(2009JYJR006);教育部哲学社会科学研究重大课题攻关项目"中国金融国际化中的风险防范与金融安全研究"(06JZD0016)阶段性成果

摘　　要：维护金融稳定是中央银行的一项基本职能,这决定了中央银行在金融危机救助中的主体地位。但中央银行的金融危机救助能力不是无限的,因为无论哪种救助措施都不是无成本的。文章通过成本-收益分析方法,考察了中央银行对金融危机救助的成本与收益,既包括直接成本与直接收益,又包括隐性成本与间接收益,并通过建立成本-收益模型,考察最优的中央银行金融危机救助应满足的条件,结合我国中央银行金融危机救助的实际,提出成本收益分析对我国的启示。Central bank is one of the most important parts for financial crisis rescue.In order to reduce the arbitrary of financial crisis rescue,when decide whether to rescue or not,central bank should estimate which is bigger between the resource cost expended in crisis rescue and the benefit of realizing the rescue target,should estimate which is weightier between the moral risk in process of rescue and the contagion effect if not rescue.Therefore,before intervention action,it is necessary to make cost and benefit analysis.Not only take the direct costs and direct benefits into account,but also the indirect costs and indirect benefits.On the ground of our reality,this paper brings forward suggestions for making use of costs and benefits to analyze China＇s central bank rescue for financial crisis.

关 键 词：金融危机救助 中央银行 成本-收益分析 

分 类 号：F830.99[经济管理—金融学]