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Research On Legal Regulation Of Financialization Of Fiscal Risk

Posted on:2014-12-11Degree:MasterType:Thesis
Country:ChinaCandidate:Y Z HeFull Text:PDF
GTID:2256330401958912Subject:Law
Abstract/Summary:PDF Full Text Request
The appropriate allocation of social capital is the generality of the fiscal and financial functions in our country. Under the existing system, because of fiscal and financial relationship exists interlaced funds as well as infiltration, financialization of fiscal risk trend is becoming more and more serious. Once fiscal risks happens, the government may use financial instruments to defuse financial risks. Through past economic phenomenon, it has some effect in a short time, because it can help the government through the fiscal situation as soon as possible. But from a long-term perspective, the use of financialization of fiscal risk may cause economical risk to a certain extent, thus inhibiting economic growth and speed. This article will focus on negative influence of financialization of fiscal risk and find out countermeasures.This article is divided into five parts:The first part:analyzing the phenomenon, background, and innovation points of financialization of fiscal risk according to domestic and foreign literature.The second part:discussion of the concept based on financialization of fiscal risk, as well as the cause of financialization of fiscal risk. The reason why financialization of the fiscal risk emerges in China is because transition period of our country economic system is deficient. This insufficient financial funds lead to fiscal risk.The mutual penetration of financial risk and fiscal risk makes financial and banking in a complicated situation.The third part:analyzing the current situation and damage of financialzation of fiscal risk as well as transfer way from financial risk to fiscal risk in our country. In spite of fiscal risk and financial risk have their own fields on the micro level. However at the macro level, there is a considerable correlation between them, and will ultimately affect the effective operation of the macro-economy.The fourth part:based on the research and analysis of the phenomenon financialzation of fiscal risks, some good experiences and suggestions is helpful the construction of our country’system.The fifth part:there are various way to against and dissolve the financialzation of fiscal risk, mainly in the aspect of legal regulation, especially about bond and budget.This section is at the end of this article, mainly aims at the problem of financialzation of fiscal risk in the second part and find out the suitable remedy to solve the case. To undertake comprehensive treatment of financialzation of fiscal risk from the system and financial reform and various aspects of this phenomenon.In a word, combined with the current macro-economy and finance, the purpose of this paper is to draw attention and solve problem effectively, related analyzation of financialzation of fiscal risk and theoretical knowledge. But be limited to level of the author, there could be some misunderstandings and thoughtless points, please correct me criticism. I will continue to learn in the future and thanks to all the judges and defense experts!...
Keywords/Search Tags:Financialization of Fiscal Risk, Fiscal Risk, Legal Regulation
PDF Full Text Request
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