地方政府或有隐性负债问题研究--以农村合作基金会为例

20世纪的80年代末到90年代初,我国农村合作基金会经历了从兴起、发展到衰败的全过程.尽管农村合作基金会作为一种非正规金融组织从形式上已经消失,但随着时间的推移,由此而引发的地方政府或有隐性负债及财政风险问题却愈加突出.通过详述农基会的发展历史,分析了农村合作基金会及其债务形成的主要原因,并根据汉娜的"政府风险矩阵"理论分析农村合作基金会及其债务对地方政府及其财政带来的影响,进而提出增强地方政府财政风险意识、减少非理性行政干预和推动农村金融体制改革的建议.

Implicit Contingent Liabilities in China's Local Governments--A Case Study on the Rural Cooperative Fund Associations

From the late of 1980s to the beginning of 1990s, the Rural Cooperative Fund Associations had been witnessed to experience 3 stages of rising, developing and declining. Although the Rural Cooperative Fund Associations have disappeared as an abnormal kind of financial organizations, problems of contingent implicit liabilities and finance risks in China's local governments have become more serious. There are four chapters in this paper to describe the history of the Rural Cooperative Fund Associations, to analyze why and how they have influenced fiscal stability of local governments and to put forward several suggestions.