Research On Problems Of Current Fiscal Risk Financialization In Our Country

Since the 1970s, there is a profound and historic reform of system in China. The core of this reform is the transition from traditional planned economy to socialism market economy. Thus, China economy, politics and the whole society come into a transition period that is difficult to define. In this period, more and more economic problems emerge gradually because the relative steady system was broken. Many conflicts have deep brand of economy system transition.Theoretically, fiscal fund and bank fund play the different roles in economy, have the different running mechanism, but a reasonable proportion should be kept between the two kinds of funds. There are many irrational phenomena in the operation cycle of fiscal fund and bank fund because of the historical and institutional reasons during the economy transition period. The confusional use of the two kinds of funds result in many contradiction and friction.The accumulation of these contradictions not only make the low efficiency of the fund distribution, and the banks have to bear up the risks of fiscal fund finally due to the confusional use between the two kinds of funds, but also have the serious problems:bank fund becomes the oritination of the fiscal fund,and fiscal risk due to the scarcity of fund becomes the origination of the bank risk. The existence and conversion of the two kinds of risks are a huge menace to our economy running normally, so it is very necessary for us to discuss this question in-depth, and to find the best method and approach to solve this problem.The basic structure of this thesis is as follows:Part 1: Through the induction and research of massive overseas typical cases, reasoning the highly relativity of fiscal risk and finance in the form of performance. The reason is, the financial risk has not only its financial source, but also its fiscal source.Part 2: Dissertating the definition and performance of fiscal risk systematically, and measuring our country's fiscal risk condition through various indicators.Part 3: Analyzing the approach of transferring fiscal risk to financial system in our country, it can be seen that although financial risk and financial risk have differences microscopically, they have the great relation macroscopically, and finally both affect the healthy and orderly function of macroeconomic.Part 4: Analyzing the reason of the financialization of fiscal risk in our country; besides the relativity of the two, discussing that the imperfection of each economic system in the switching period of our country is the most primary reason causing this phenomenon.Part 5: Last, it should be said that the means to prevent and to resolve the finacializtion of fiscal risk are omnifarious, and the most prime is to construct and consummate the economic system speedily, as well as to reinforce the harmony and cooperation of the fiscal and the monetary policy in macroeconomic regulation.