金融控制、广义铸币税与经济转轨中的价格稳定被引量：2

Financial Control,Generalized Seigniorage and Stable Price Level in Economic Transformation

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摘要 "强金融、弱财政"曾是中国转轨经济的一个特殊现象。本文将分析造就这种特殊经济格局的主要原因,以及这种格局对经济转轨和金融改革产生的影响。为了将金融与财政两个经济领域纳入一个统一的分析框架,我们引入了广义铸币税的定义,即置于金融控制下的银行体系创造的存贷利息差。研究表明:广义铸币税的存在使政府有能力弥补经济自由化过程中迅速下降的财政收入,从而使中国成功地避免了前苏东国家在转轨时期出现的财政赤字型通货膨胀。研究结论表明,在政府建立有效的财税制度确保财政收支平衡之前,保持金融控制是必要的。＂Strong financial system, weak fiscal budget＂ is a unique economic phenomenon during China＇s economic transformation. The article analyzes main reasons of this phenomenon, and measures its influence on economic transformation and financial reform. The article introduces ＂generalized seigniorage＂, which is the in- terest spread collected in banking system, and utilized by government. Our research finds out that the chance of vicious inflation is very little if the amount of fund utilized by government is less than that of generalized seigniorage. Generalized seigniorage could be used to offset the fiscal deficit, which resulted from rapidly declining fiscal revenue. Our conclusion is that it is necessary to keep financial control till the government establishes effective mechanism to balance fiscal budget.

作者宋李健

机构地区中央财经大学

出处《上海金融》 CSSCI 北大核心 2008年第6期5-13,共9页 Shanghai Finance

关键词广义铸币税通货膨胀经济转轨金融控制经济货币化 Generalized Seigniorage Inflation Economic Transformation Financial Control Monetization

分类号 F830 [经济管理—金融学]

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