CAJ | 학술논문

包括逆周期性资本比率、动态准备金、贷款价值比率、资本管制等在内的现有宏观审慎政策工具，分别有不同的效果及其局限性，而且宏观审慎政策的有效实施需要与货币政策、财政政策协调配合。因此，采取谨慎还是积极的政策框架取决于理论研究和政策试验的结果。
포괄역주기성자본비솔、동태준비금、대관개치비솔、자본관제등재내적현유굉관심신정책공구，분별유불동적효과급기국한성，이차굉관심신정책적유효실시수요여화폐정책、재정정책협조배합。인차，채취근신환시적겁적정책광가취결우이론연구화정책시험적결과。
The existing macro prudential policy tools have different effects and limitations, and the effective im-plementation of macro prudential policy requires coordination with monetary policy and fiscal policy. Therefore,select-ing cautious or positive policy framework depends on the theory research and the policy test results.