摘要
20世纪90年代以来,美国互联网金融的发展大体上经历了三个阶段,美国各界在不同时期对此进行的大量研究和探讨对中国具有重要的借鉴和启迪意义。本文认为,基于网络经济学的视角,对中美互联网金融进行比较应当考量网络规模因素。互联网金融只是可能导致中国金融脱媒加速和实体经济融资成本上升的众多因素之一,不能一概而论。尽管互联网金融模式的发展将对传统的金融机构产生冲击,但其从根本上颠覆传统的金融业态与竞争格局的可能性很小。对中国互联网金融的研究不应只局限于金融风险问题,对垄断与不正当竞争的界定与监管、新兴网络金融领域的行业标准的制定以及监管中立与监管协调等众多理论与现实问题亟待国内学术界进行深入研究。
The development of internet finance in the U.S. can be divided to three stages since 1990s, in which there are lots of researches being significantly meaningful for China. According to the paper, the scale of network should be considered while making Sino-U.S. comparisons from the perspective of network economics. Internet finance could possibly be only one of the reasons of the acceleration of financial disintermediation and the rising cost of real economy in China. Though there will be shocks on traditional finance triggered by internet finance, it is almost impossible for the latter to subvert traditional financial pattern. China＇s internet finance research should not merely focus on the issue of risks and regulation, problems such as the definition of monopoly and unfair competition, industry standard in newly emerging internet finance area, and reg- ulation neutrality and coordination should also be deeply investigated by domestic academia.
出处
《国际金融研究》
CSSCI
北大核心
2014年第12期47-57,共11页
Studies of International Finance
基金
国家社科基金青年项目"我国影子银行体系的风险形成机理与监管研究"(项目批准号:13CJY127)
国家自然科学基金国际(地区)合作与交流项目"Financial System Reform and Its Impact on Outward FDI of Private-owned Enterprises:A Research Based on Firm-level Data and Field Investigation in Three Provinces of East China"(项目批准号:GZ943)的阶段性成果
吉林大学哲学社会科学创新团队建设项目"国际金融理论创新与国际货币体系改革研究"(项目批准号:2012FRTD02)的资助
关键词
美国
互联网金融
中国
比较
网络经济学
U.S.
Internet Finance
China
Comparison
Network Economies
