中央银行最后贷款人法律制度的演变及对我国的借鉴

最后贷款人制度是金融安全网中的一道有力屏障。然而,在金融自由化与国际化的形势下,这一制度的理论基础受到一定的挑战与冲击,如适用对象的扩大问题、金融监管权与货币政策分离所引发的难题等。同时,这一制度运用所可能引发的道德风险问题也引起了人们的关注。因此,必须根据现行的金融关系对该制度进行相应的矫正,并运用“建设性模棱两可”原则来克服该制度的道德风险。

Evolution of Last Resort of Central Bank and Reference to China

The lender of last resort is an indispensable part of the financial safety network.However,under the trend of financial liberalization and globalization,this system has met some challenges such as the extension of applicable object and the problem caused by the separation of currency policy & banking supervisory power.Meanwhile,the moral hazard produced by the system itself has also drawn people's attention.Therefore,it is very practical to remedy its loopholes and curb the moral hazard with the principle of constructive ambiguity.