财政分权与地方政府融资平台的发展:国外模式与中国之道

本文从财政分权的角度比较了中国和美日欧等发达经济体财权和事权的匹配度问题,并对各经济体地方政府融资渠道进行了归纳,分析了中国地方政府融资平台发展的历史沿革、特点和现状,介绍了主要商业银行的做法。最后从理论和现实的角度分析得出融资平台的产生具有历史必然性,其背后隐藏着一系列的政治经济体制问题,仅从金融机构防范化解信贷风险的角度入手无法从根本上解决融资平台的问题。

Fiscal Decentralization and the Development of Local Government's Financing Platform:Modes at Home and Abroad

The article takes the angle of fiscal decentralization to compare the match of financial rights and administrative rights between China and other developed economies such as the US,Japan and the Europe,and generalizes the financing channels of local government of these economies.It analyzes the history,nature and status quo of China's local government's financing platform,and introduces operations of major commercial banks.Finally,it concludes that the emergence of financing platform is historically inevita...