摘要
1996年本文第一作者曾分析了以间接融资为主的中国金融资产结构给经济带来的一系列问题。经过十余年的金融改革,中国的金融资产结构是否有所改善?目前中国的金融资产结构是否能适应并促进中国经济的发展?本文以中国货币市场和资本市场发展为主线,在重新度量中国金融资产总量的基础上,对以上问题进行了讨论。本文研究表明,在金融改革过程中,中国金融资产结构有了明显改善,但也产生了一些新问题,需要继续完善货币市场和资本市场,以促进金融资产结构调整。未来十年,我国金融市场发展的最佳路径是市场的双向开放。
In 1996, the first author of this essay manifested that financial assets structure of China which was then dominated by indirect financing had led to many problems in the economy. After more than ten years of financial reform, has the financial assets structure been improved? Can the existing financial assets structure accommodate the development of Chinese economy? This paper tries to answer above questions by reanalyzing the current financial structure in China. It is found that the financial asset structure of China has experienced obvious improvement. Meanwhile, the new structure has brought some new problems which ought to be resolved by further improvement of monetary market and capital market. In the coming ten years, the optimal path for the development of China's financial market is through two-way opening.
出处
《经济研究》
CSSCI
北大核心
2008年第8期4-15,共12页
Economic Research Journal
关键词
金融资产结构
货币化
金融深化
Financial Assets Structure
Monetization
Financial Deepening