资产价格波动与中国金融稳定发展

发布时间：2018-08-28 09:06

【摘要】：资产价格与金融市场稳定性之间存在着很强的相关性,资产价格波动会对一国金融机构带来诸多内部风险的隐患,如资产价格的上涨吸引了相当的信贷资金流入等。在不断开放及提高金融体系效率的前提下,如何应对资产价格的波动,是维护中国金融体系安全与稳定的一个关键问题。在考虑资产价格波动对金融稳定的传导过程中,不仅信用水平是重要的,而且未来信用水平的不确定性也是重要的,我们可以从资产价格波动引发金融不稳定的渠道和原因方面来分析资产价格波动对金融不稳定的影响。当前中国的资产价格波动表现得更为明显和剧烈,这将直接危及金融市场的稳定与经济发展。综合运用各方面政策以防范和化解危机,进一步完善信用体系,加强对金融工具的管理,将有利于中国金融体系的稳健良好运行。
[Abstract]:There is a strong correlation between asset price and the stability of financial market. The fluctuation of asset price will bring a lot of internal risks to a country's financial institutions, such as the rise of asset price attracts a considerable inflow of credit funds. Under the premise of continuously opening up and improving the efficiency of financial system, how to deal with the fluctuation of asset price is a key problem to maintain the security and stability of China's financial system. In considering the transmission of asset price fluctuations to financial stability, not only is the credit level important, but the uncertainty of the future credit level is also important. We can analyze the impact of asset price volatility on financial instability from the perspective of the channels and causes of financial instability caused by asset price volatility. The current volatility of asset prices in China is more pronounced and acute, which will directly endanger the stability and economic development of financial markets. Comprehensive use of various policies to prevent and resolve crises, further improve the credit system, and strengthen the management of financial instruments, will be conducive to the sound and sound operation of China's financial system.
【作者单位】：西南财经大学经济学院;
【基金】：西南财经大学“211工程”三期建设项目(211D3T04)的阶段性成果
【分类号】：F224;F832

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