企业财务危机对宏观金融风险的传导机制研究

发布时间：2018-06-02 14:56

本文选题：宏观经济 + 宏观金融风险　；参考：《吉林财经大学》2012年硕士论文

【摘要】：金融风险累积到一定程度就会爆发金融危机，因此对金融风险成因的分析及其如何防范具有非常重要的理论意义。而在我国，国有企业负债经营是由来已久的问题，而由于国有企破产、倒闭而引发的一系列经济问题不得不引发思考。首先，企业财务危机首先受到影响的就是商业银行，因为企业不能按期偿还贷款造成商业银行形成大量不良资产。自东南亚危机爆发以来，我国金融监管当局已经认识到国有商业银行的巨额不良资产对宏观经济来说是一个巨大的潜在危险，这个问题不解决就有可能爆发严重的金融危机。国家为了减轻银行负担，对国有银行的巨额不良资产进行了剥离，这一做法虽然使的银行资产结构、银行流动性得到了很好的改善，但是剥离后风险转嫁到何处，对宏观经济的潜在金融风险是否彻底消失，这些问题仍然需要研究。在企业改制以来，很多企业的历史坏账问题虽通过上市得到解决，但是漏损性泡沫所引发的对通货膨胀的促进作用却不能忽视。商业银行轻装上阵，，但是商业银行的原始风险因为不良贷款剥离和不良资产证券化而最终转嫁到金融市场。再经过金融市场的层层衍生，风险不断放大，而一旦特定条件形成，大规模的信用崩溃而引发的金融危机不可避免。因此，由于企业财务问题而引发的整个宏观经济风险非常值得研究。本文从微观企业财务问题作为出发点，系统分析了风险的传递和放大机制。
[Abstract]:The financial risk accumulates to a certain extent will erupt the financial crisis, therefore the analysis to the financial risk cause and how to prevent has the very important theory significance. But in our country, the state-owned enterprise debt management is a long-standing problem, but because the state-owned enterprise goes bankrupt, the bankruptcy causes a series of economic problems to have to cause the ponder. First of all, the financial crisis of enterprises is first affected by commercial banks, because enterprises can not repay loans on time resulting in commercial banks forming a large number of non-performing assets. Since the Southeast Asian crisis broke out, our financial supervision authorities have realized that the huge amount of non-performing assets of state-owned commercial banks is a huge potential danger to the macro economy, and if this problem is not solved, a serious financial crisis may break out. In order to lighten the burden on banks, the state has stripped off the huge amount of non-performing assets of state-owned banks. Although this practice has improved the structure of bank assets and the liquidity of banks, where is the risk passed on after the divestiture? Whether the potential financial risks of the macro-economy disappear completely, these problems still need to be studied. Since the reform of enterprises, many enterprises' historical bad debts have been solved by listing, but the promotion of inflation caused by leaky bubbles can not be ignored. Commercial banks carry light loads, but the original risks of commercial banks are transferred to the financial market because of non-performing loan divestiture and securitization of non-performing assets. After the financial market layer by layer, the risk is magnified, and once the specific conditions are formed, the financial crisis caused by the large-scale credit collapse is inevitable. Therefore, the whole macro-economic risk caused by financial problems is worth studying. This paper systematically analyzes the mechanism of risk transmission and amplification from micro-enterprise financial problems as the starting point.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.59

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