the Soft Budget Constraint

To summarize the existing research of the soft budget constraint, we can find that most of them use the dis-cooperate game theory to analyze, and mostly concentrate on the government and enterprise.

已有的关于软预算约束的研究大多集中在政企之间，且多以非合作博弈方法对之进行分析。

Soft budget constraint greatly reduced the effect of banking risk supervision, so it's not easy to realize the safety and stability of financial system only with minimum capital requirement.

银行软预算约束的存在使银行业风险监管的有效性受到了很大的影响，仅通过最低资本规定无法有效实现金融体系的安全性和稳定性目标。

We argue that failing to meet the condition is an important cause for soft budget constraint.

本文认为企业不能满足该约束条件是导致软预算约束的根本原因。