国际金融危机背景下金融监管理论研究思考

将经济学家关于金融监管的理论解释概括为两种基本的范式:市场失灵范式和政府失灵范式。根据前者,政府之所以介入金融部门、实施金融监管,其根本原因在于金融领域普遍存在的市场失灵。而后者对政府实施金融监管的动机和能力提出了质疑,对传统范式下金融监管的公共利益论进行了反思,提出了金融监管的私人利益论。在国际金融危机的背景下,厘清金融监管的理论依据,对于经济转轨中的中国深化金融监管体制改革,具有重要的意义。

An Investigation into the Theories of Financial Regulation under the Background of International Financial Crisis

There are two dominant paradigms for explaining financial supervision and regulation： one is market failure paradigm and the other is government failure paradigm.In the light of the former,the reason for government to impose financial regulation is the market failure in financial system.On the other hand,the motivation and ability of government to impose financial regulation has been doubted in the government failure explanation and the private interest theory of financial regulation has been developed under the government failure paradigm.Under the background of international financial crisis,it is important for China to understand the theories of financial regulation in order to deepen the reformation of financial supervision and regulation system in economic transformation stage.