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制度创新的动力是什么?是人们为解决某个问题而产生的对解决手段的需求,但人总会被分割为具有不同利益目标或持有不同人文传统的群体,从而引致“对解决手段的需求”的互异性,且由此而催生出不同的供给。 发展我国的二级抵押市场(The Secondary Mortgage Market),是当今业内热门话题之一。在美国及加拿大,这种抵押债权证券化的成功运作,既推动了对住宅的消费需求,又促进了对债券的投资需求、但正如前已提及的,该命题即便在同一国家内部、至少也会有分别来自学界、商界、政界这么三类互异的需求,从而引出各不相同的供给
What is the driving force for institutional innovation? It is the demand for solutions that people have to solve for a problem, but people are always divided into groups with different interests or different humanistic traditions, which leads to “ Demand ”of the different sex, and thus give birth to a different supply. The development of China’s secondary mortgage market (The Secondary Mortgage Market), is one of the hot topics in the industry today. In the United States and Canada, the successful operation of securitization of mortgages has both boosted demand for residential consumption and boosted demand for investment in bonds, but as mentioned earlier, even if the proposition is within the same country, at least There will also be three different needs from academia, business community and politics so as to lead to different supplies