Studies On Finance Bailout By Government: Theory & Experience

Out of the presumption that financial crises could not be extinguished and the objective demand to resore market justice and to mitigate the destructive effect of crises.Bailout for Financial Crises is chosen as the topic of my first paper.The author believes,with the accelerating process of globalization and integration,this topic would show the financial circle is significance more and more evidently.This paper consists of 5 parts:The first part,in theory,it has provided the support to the government finance bailout.The financial vulnerability is the financial natural disposition,it can cause the financial crisis in certain degree.The government appropriate rescue behavior may slow down the economical the undulation.The financial industry particularity has decided its intrinsic vulnerability,also entrusted with the financial crisis to rescue the special significance.The development of the government intervention economy theory rescued for the financial crisis government has provided the rationale.the author reviewed the government intervention economy theory evolution,has analyzed in the evolution process the government function adjustment,pointed out the government intervenes the economy to have the necessity.Based on financial crisis destructiveness and the financial industry particularity,in the financial crisis,the government adopts the appropriate method to rescue under the crisis the finance also to have the necessity,that can slow down the crisis the impact.The second part:through the reviewing the 1929-1933 year financial crisis,the US's Chu loaned crisis,the Japanese Banking industry crisis,the French Lyons Credit Bank crisis and the US current financial crisis,it has provided the practice support for the bailout by government.The third part take the Northern Europe Three Kingdoms crisis,the Japanese Banking industry crisis and the American heir apparents loaned the crisis to conduct the comparison research as the object,has analyzed the background and the rescue process which three crises occurred,pointed out the government rescued the city action and the opportunity choice governs at the crisis very important."Rescues with does not rescue"is directly affecting the time and the influence which the financial crisis continues.When the financial crisis is unable solves through the market mechanism,by the government acts on behalf of the leading solution measure,is the final antidote Moreover,when the manner which the government processes is more explicit,when perhaps the strain speed is quicker,more can reduce the market shake the labor pain time,simultaneously the social cost burden also can be smaller.The fourth part has analyzed American,European and Japan's financial rescue mechanism.Three countries and the area pass through many times financial crisis baptism,all has established a set of relatively mature financial rescue mechanism, through three national rescue mechanism analysis,analyzes the American current finance rescue to us behind to have the very good enlightenment.The fifth part the financial crisis rescue which current occurs to US conducts the real diagnosis research.First has analyzed between the American finance vulnerability and the US financial crisis relations,this met down for us discusses US's financial rescue to provide the support.Then from financial aspects and so on rescue measure, rescue method,rescue way has carried on the system analysis to the American current finance rescue.Finally has carried on the analysis and the appraisal to the American current rescue mechanism,and has carried on reconsidering to the rescue effect.