金融宏观审慎监管工具体系及其有效性研究  

A Study on Financial Macro-prudential Supervision Tools and Regulation Effectiveness

作　　者：姜华东[1] 

机构地区：[1]上海立信会计学院金融学院,上海201620

出　　处：《中国浦东干部学院学报》2015年第1期51-57,共7页Journal of China Executive Leadership Academy Pudong

基　　金：上海市哲学社会科学基金"基于资产价格视角的逆周期金融宏观审慎监管研究"(2011EJB003);上海市教委科研创新重点项目"信贷竞争与我国影子银行体系的适度监管研究"(14ZS159);中国浦东干部学院课题(CELAP2014-YZD-03)的阶段性成果

摘　　要：金融宏观审慎监管的工具体系是宏观审慎政策框架的重要组成部分。文章分析了金融宏观审慎政策工具的作用原理和政策实施的有效性,讨论了宏观审慎的政策规则和相机抉择机制,认为政策规则和相机抉择的综合运用有助于提高金融监管的有效性。在此基础上,进一步分析了宏观审慎监管与货币政策的协调机制。The macro-prudential supervision tools are an important part of macro-prudential supervision policy framework. This paper analyzes the action principle of macro-prudential tools and their effectiveness, discusses the policy rule and discretion for macro-prudential supervision, and draws a conclusion that a combination of the policy rule and discretion will help enhance the effectiveness of financial supervision. On the basis of this, this paper further analyzes the macro-prudential supervision and monetary policy coordination mechanism.

关 键 词：宏观审慎监管 政策工具 监管协调 

分 类 号：F830.91[经济管理—金融学]