摘要
当前,保持房地产市场健康发展是中国防范系统性金融风险的重要议题。本文梳理了近年来房地产与金融风险关系的研究成果,分析了房地产在中国金融体系中的重要位置,通过分析日本和美国两次房地产泡沫以及德国房地产市场平稳发展的教训与经验,提出了发展住房储蓄银行并严加管理、征收房地产税和资本利得税、实施稳健的货币政策、发展住宅租赁市场、设立房地产基金等政策建议。
The real estate market is closely related to systematic financial risks.This paper discusses the necessity of preventing real estate financial risks and the important position of real estate in China’s financial system.By analyzing the history of the two real estate bubbles in Japan and the United States,it is found that the main reason for the systemic risk is the improper regulation and timing of monetary policy,while German’s real estate market provides a good example in this regard.The steady development of the market is mainly due to the system construction.Based on China’s current situation and international experience,in order to achieve the goal of preventing systematic financial risks caused by the real estate market,this paper puts forward some policy suggestions,such as developing the housing savings bank and strictly managing it,setting up the real estate tax and capital gains tax,implementing the steady monetary policy,developing the housing rental market,setting up the real estate fund.
作者
王文
芦哲
Wang Wen;Lu Zhe(Chongyang Institute for Financial Studies,Renmin University of China)
出处
《国际金融研究》
CSSCI
北大核心
2021年第1期26-34,共9页
Studies of International Finance
关键词
房地产
系统性金融风险
国际比较
Real Estate
Systematic Financial Risk
International Comparison
作者简介
王文,中国人民大学重阳金融研究院执行院长,丝路学院副院长,特聘教授;芦哲,华泰证券研究所宏观经济部门负责人,中国人民大学重阳金融研究院客座研究员
