市场约束、流动性援助与存款保险——基于银行审慎经营的激励兼容分析

银行审慎经营是金融稳定的微观基础，而银行治理过程中利益相关者的动态均衡是银行审慎经营的保证。市场约束是利益相关者参与银行治理的外部机制，流动性援助和存款保险是维护金融稳定的安全设施，市场约束、流动性援助和存款保险的激励兼容才能增加银行审慎经营可能性。在一定的制度设施基础上。完善市场约束，减少流动性援助和存款保险带来的道德风险，建立一个市场约束、流动性援助和存款保险激励兼容的外部框架有利于银行的审慎经营。

Market Discipline, Liquidity Salvage and Deposit Insurance

Prudential operation of bank is a micro--basis of financial stability and it needs a dynamic equilibrium of stakeholders of bank. Market discipline is external mechanism of stakeholders to participate bank governance, Liquidity salvage and Deposit insurance is a safety net. it is advantageous to build up a frame of incentive compatibility and prudential operation to set up and perfect the mechanism of market discipline, the liquidity Salvage ,and the deposit insurance based on some institute and facilities.