监管套利:中国金融套利的主要模式被引量：14

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摘要监管套利是市场主体利用制度间的差异性或制度内部的不一致性,为降低成本或获得利润而设计的一系列交易。①其与制度重构相互影响,形成了长期以来监管制度的螺旋式上升,这正是Kane监管辩证法②的主要思想。近年来许多重要的金融事件,无论是对冲基金掀起的金融风暴,还是资本玩家设计的借壳上市,都可以从监管套利这一角度找到逻辑支撑。相对于西方发达国家,中国的制度漏洞更多,监管套利更为普遍。本文拟对监管套利产生的原因、监管套利的主要模式以及其对经济的影响进行研究。

作者沈庆劼

机构地区天津财经大学金融系

出处《人文杂志》 CSSCI 北大核心 2010年第5期80-85,共6页 The Journal of Humanities

基金国家自然科学基金项目(70873087) 教育部人文社会科学研究项目(07JA790047)资助成果

关键词监管套利金融套利不完全契约

分类号 F83 [经济管理—金融学]

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参考文献20

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二级参考文献15

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