韩国地方政府债务融资管理及问题研究  

The Administration of Municipal Debt Experience from South Korea

作　　者：林力[1] 张自力[1] 

机构地区：[1]广东金融学院,广东广州510521

出　　处：《证券市场导报》2015年第11期37-43,55,共8页Securities Market Herald

基　　金：国家自然科学基金面上项目(71372215);教育部人文社科研究青年基金项目(11YJC790092);2013年广东省哲学社科"十二五"规划项目(GD13CYJ02);2015广东金融学院金融学重点学科建设;广东金融学院创新强校"广金发声"重大研究项目;广东省科技金融重点研究基地的资助

摘　　要：韩国地方政府自治改革所引致的地方政府融资需求,成为促进该国市政债务市场发展的直接原因。韩国中央政府长期以来的主导作用形成了对该市场巨大的影响与控制力。债务融资渠道单一、大量"隐性债务"支付风险、监控基础设施不完善、缺乏相应的问责制度和破产保护机制缺失等问题在现阶段仍然困扰着市场的顺利发展。韩国的实践经验对规范中国地方政府债务融资市场建设给予了有益启示。The municipal debt financing requirement which caused by South Korea autonomy of local governm ent reform, become to be the directly reason to promote this kind of market developed. For a long time, the leading role of the central government has formed a huge effect on the local government debt financing market and control. At present, debt financing channels for a single, a large number of ＂the recessive debt payment risk＂, imperfect monitoring infrastructure, lack of the corresponding accountability and bankruptcy protection mechanism is still plagued by problems such as the smooth development of South Korea＇s local government debt financing market. South Korea＇s practical experience for future standardize China＇s local government debt financing market construction gives beneficial enlightenment.

关 键 词：地方政府债务 韩国 政府主导 问责制度 破产保护 

分 类 号：F812.5[经济管理—财政学]