新闻 > 经济
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China

提升金融业服务水平是根本出路

2017-09-18 07:21:38   中国经济网

国务院发展研究中心高级研究员吴敬琏,全国人大财经委员会副主任委员、清华大学五道口金融学院院长吴晓灵,中国社会科学院学部委员、国家金融与发展实验室理事长李扬等著名专家在出席主题为“全球经济变革下的金融改革与风险防控”的“2017金融街论坛”时就金融创新如何更好地服务实体经济,以及如何打破刚性兑付,防范系统性金融风险等话题阐述了各自的观点。

吴敬琏:金融业怎样为供给质量的提高服务

经济发展有两个主要目标,一是要稳住经济增长,防止经济失速,二是要去杠杆,防止出现系统性风险。根据近些年的经验,这两个目标之间存在着矛盾。所以,出现了一种现象,在去杠杆、防止系统性风险积累的时候,往往会出现增长率下滑,但是反过来要促进经济增长率稳定,保持中高速增长的时候,又会出现杠杆率上升,风险积累,被人们称为“跷跷板效应”,这使得宏观经济政策在施政上很头疼。

当前需要研究为什么会出现这种“跷跷板”效应?怎么来消除这种“跷跷板”效应。这种效应出现的原因在于,在世界经济形势发生巨大变化的情况下,金融业的功能和行为发生了扭曲。大致在21世纪初,特别是在全球金融危机发生后,我们过分地从需求侧寻找出路,想用货币的超发、信用的扩张来支持经济增长,总是想靠宽松的货币政策拉升经济增长。而货币的超发和信用的膨胀必然造成风险的积累,杠杆率的升高。沿着这条路走下去,就出现一个“魔咒”,要支持增长,只能加杠杆,扩需求。货币发行变成了解决一切社会经济问题最简便的方法。而用这个方法来解决问题,必然造成杠杆率的提高和风险的积累。在防止风险的时候,因为经济增长失去了扩张性的宏观经济政策的支撑,经济增长速度就必然下滑。

怎么才能破除这个“魔咒”,消除“跷跷板”效应?最根本的办法就是2015年以来党中央反复强调的从供给侧看问题,从供给侧找出路,用提高供给侧的质量,也就是提高效率的办法,从根本上解决这个问题。只有通过供给效率的提高,我们才能够用比较低的资源投入取得比较好的、比较高的增长效果。

金融业需要在这个转变中发挥自己的作用,为实体经济服务,提升经济效率,这是根本出路。在原来的发展方式中,金融业会扭曲自己的行为,因为在货币超发和信用膨胀的情况之下,金融业的盈利模式变成自己玩,靠自己的数量扩张来赚钱。从学理上说,金融业的基本功能在于通过在地区之间,行业之间,不同的时间段之间,分配金融资源来带动经济资源的有效配置,可是在依靠信用膨胀,货币超发来解决一切问题的情况下,金融业的行为就会扭曲,就会离开原来在经济中所担负的功能,扭曲了盈利模式。

上一页1/5下一页
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China

相关阅读

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
分享到:
0 0
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China

美图推荐

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China

为您推荐

加载更多>>
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170918/31449677.html
Server: cms-8-251
Date: 2024/11/15 10:44:18

Powered by China
China