湖南大学学报：社会科学版
湖南大學學報：社會科學版
호남대학학보：사회과학판
Journal of Hunan University(Social Sciences)
2012年
4期
72~75
,共null页
债券市场 监管 博弈 利益冲突 集中统一
債券市場 鑑管 博弈 利益遲突 集中統一
채권시장 감관 박혁 이익충돌 집중통일
bond market; regulation; game theory; conflict of interests; unify
我国债券市场多头监管,高度分散的现行格局存在一定的弊端。因此,基于库诺特博弈模型对我国债券市场多头监管机制和集中统一监管机制的优劣进行比较分析。结果表明需要重新构建一个集中统一的有效监管体系,以促进债券市场的进一步发展和完善。
我國債券市場多頭鑑管,高度分散的現行格跼存在一定的弊耑。因此,基于庫諾特博弈模型對我國債券市場多頭鑑管機製和集中統一鑑管機製的優劣進行比較分析。結果錶明需要重新構建一箇集中統一的有效鑑管體繫,以促進債券市場的進一步髮展和完善。
아국채권시장다두감관,고도분산적현행격국존재일정적폐단。인차,기우고낙특박혁모형대아국채권시장다두감관궤제화집중통일감관궤제적우렬진행비교분석。결과표명수요중신구건일개집중통일적유효감관체계,이촉진채권시장적진일보발전화완선。
As the essential part of the multi--layered capital market, bond market is very important to promote the healthy development of a country＇s economic society. Basing on the Cournot game model, this paper compares the effect of the segmented regulation and unified regulation. The result shows that the u- nified regulation has more benefits in avoiding conflict of interests, unifying the regulation rules and im- proving the regulation quality. Finally, three polices were put forward to reorganize the regulatory body of China＇s bond market, including unifying the regulatory body, building the regulatory coordinate mecha- nism and perfecting supervision on the regulatory body.
