从成本收益角度论金融危机中政府救市的必要性

本文通过构建一个成本收益理论模型来研究政府救市对经济产生的积极效应和消极效应,论证金融危机中政府是否应当救市.研究表明,金融危机中政府在进行是否救市的抉择时,应当综合考虑救市对一国的经济增长、金融机构破产损失、金融中介功能、财政成本、通货膨胀成本和道德风险等因素的影响,比较积极效应和消极效应这两者的强弱.如果经济可持续...

The Necessity of Government Bailout in Financial Crisis from the Perspective of Cost-Benefit Balance

By establishing a cost-benefit model,the paper analyses both positive and negative effects of government bailout to argue whether a government should provide bailout in financial crisis.When making decision on whether to provid bailout,the government should comprehensively consider the impacts of bailout on economic growth,the loss of financial institutions'bankruptcy,the functions of financial intermediaries,the fiscal cost,the inflation cost and the moral hazard,and compare the positive and negative effec...