1926至1930年的几年间,是天津金融风潮的高发时段。本文集中分析了这一时段频繁而集中发生的银行挤兑风潮,认为其根本原因在于政府职能的缺失,角色、行为的错位,以及由此而引起的诸多矛盾的长期积累。面对风潮,商人们做出了自己最大的努力,尽可能地去化解风潮,然而风潮还是屡屡发生,因为问题的症结在于政府,他们不可能从根本上解决这一问题。 During the years from 1926 to 1930, it was the high point of Tianjin’s financial turmoil. This paper focuses on the frequent and concentrated bank run-off in this period, and considers that the fundamental reason is the lack of government functions, the dislocation of roles and behaviors, and the long-term accumulation of many contradictions arising therefrom. In the face of the tide, traders made their utmost efforts to resolve the wave as much as possible. However, the wave of troubles persisted because the crux of the problem lies with the government, who can not fundamentally solve the problem.