摘要
系统重要性银行(下称SIBs)的负外部性主要表现在系统性风险在SIBs之间传递,进而影响金融体系和实体经济。从法学角度来看,市场失灵、政府失灵、政府规制是外部性法学的逻辑起点;外部性的本质是权益冲突,而这种权益冲突体现了对无交易关联的经济行为人的侵害;在法学领域,财产法、合同法、侵权法、公法等都为外部性问题的解决提供了法律基础;基于法律经济学,解决SIBs负外部性问题的关键是建立事前和事后解决机制,事前机制的核心在于界定SIBs与利益相关方的权利和义务,事后机制的重点则在于完善SIBs危机处置及退出机制、完善权利诉讼制度等。
The negative externalities of systemically important banks(SIBs)are mainly manifested in the transmission of systemic risk in SIBs that then affects the financial system and the real economy.From the perspective of law,market failure and government failure is the logical starting point for addressing externalities.The essence of externality is conflict of interests,which reflects the violations of rights and interests of the people without connection of transaction.The key to solve the SIBs-related negative externalities is to establish ex ante and ex post settlement mechanism.The former is to define the rights and obligations of SIBs with stakeholders.The latter is to improve SIBs crisis management and exit mechanism.
出处
《金融评论》
CSSCI
北大核心
2017年第1期57-65,共9页
Chinese Review of Financial Studies
基金
国家社会科学基金重点项目"‘十三五’时期我国的金融安全战略研究"(批准号:15AJY017)的阶段性研究成果
关键词
系统重要性银行
外部性
权益冲突
Systemically Important Banks
Externalities
Conflicts of Interests
