Title: Research into the Division of Responsibilities between Central and Local Government in Disposing of the Financial Risk
Abstract: Financial risk disposition model is not rational, responsibilities of financial institutions between central(represent as central bank) and local government is not compatible, causing more serious moral hazard, which is not conducive to high-efficiency,low-cost disposal of financial risks, but not conducive to regional financial stability opera-tion. Therefore, this paper is based on building experience of mechanisms and institution for risk disposal. On this basis, in order to standardize the economic perspective, the cen-tral bank and local government in the process of our financial risk disposal should have the valuable choice and the functional orientation. Under different background, it makes sense to specifically mark out risk disposal between illegal financial institutions and local corporate financial institutions, and make the division of specific duties and disposal of the content framework.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot