改革
改革
개혁
Reform
2010年
6期
124~130
,共null页
监管理念 债券市场 博弈
鑑管理唸 債券市場 博弈
감관이념 채권시장 박혁
regulation philosophy; bond market; game theory
随着实践的发展,人们越来越认识到,落后的监管理念已经成为企业类债券市场发展的制约,特别是金融监管领域广泛存在的"谁的孩子谁抱"的思想,负面作用尤为突出。通过博弈模型分析,论证了"谁的孩子谁抱"监管理念对债券市场发展的制约影响,只有转变"谁的孩子谁抱"这一监管理念,才能从核心制度层面上推动企业类债券市场健康快速发展。
隨著實踐的髮展,人們越來越認識到,落後的鑑管理唸已經成為企業類債券市場髮展的製約,特彆是金融鑑管領域廣汎存在的"誰的孩子誰抱"的思想,負麵作用尤為突齣。通過博弈模型分析,論證瞭"誰的孩子誰抱"鑑管理唸對債券市場髮展的製約影響,隻有轉變"誰的孩子誰抱"這一鑑管理唸,纔能從覈心製度層麵上推動企業類債券市場健康快速髮展。
수착실천적발전,인문월래월인식도,락후적감관이념이경성위기업류채권시장발전적제약,특별시금융감관영역엄범존재적"수적해자수포"적사상,부면작용우위돌출。통과박혁모형분석,론증료"수적해자수포"감관이념대채권시장발전적제약영향,지유전변"수적해자수포"저일감관이념,재능종핵심제도층면상추동기업류채권시장건강쾌속발전。
With the development of practice,there is a growing awareness that the obsolete regulation philosophy has been a serious constraint for the development of bond market,especially the idea "whose children who hold" widespread in the field of financial supervision,which has a prominent negative effect.This paper use game theory to demonstrate that the "whose children who hold" regulation philosophy inevitably constrains the bond market development,only after changing the "whose children who hold" regulation philosophy,can the corporate bond market be promoted to develop healthily and rapidly from the core system level.