地方政府融资平台债务问题的反思  

Reflection on Debt of Local Government Financing Platform

作　　者：胡炜[1] 

机构地区：[1]江西省社会科学院,江西南昌330077

出　　处：《湖南财政经济学院学报》2013年第6期58-62,共5页Journal of Hunan University of Finance and Economics

基　　金：江西省社会科学院重点课题"江西农村社区建设法治保障研究"(项目编号:1304)阶段研究成果之一

摘　　要：地方政府融资平台债务高企的根源是货币政策与信贷政策急速扩张的负面效应,地方政府事权与财权不匹配、科层制下官员考核机制等因素进一步助推了这一结果。地方政府融资平台债务问题存在微观上的信贷风险和宏观上的金融风险,必须通过资产端监控信贷风险,通过负债端监控金融风险。现实可行的解决路径上,信贷资产证券化是解决地方政府融资平台债务的最主要手段。The root cause of high debt on local government financing platform is negative effects to the rapid expansion of monetary policy and credit policy. The mismatch of local government powers and financial authority and the official assessment mechanism further boost the result. Every coin has two sides. There are micro credit risk which should be monitored through asset on the balance sheet and macro financial risk which should be monitored through debt on the balance sheet. Considering the feasible solution, Asset.Backed Securitization （ABS） is the main means to solve the debt prob- lem.

关 键 词：地方政府融资平台 信贷风险 金融风险 资产证券化 

分 类 号：F810.5[经济管理—财政学] F812.5