银行理财产品对宏观金融过程的影响机制研究

发布时间：2018-03-26 12:08

本文选题：银行理财产品　切入点：宏观金融过程　出处：《上海金融》2012年04期

【摘要】：银行理财产品的发展对中国的宏观金融过程产生了重要影响。传统的宏观金融理论已经无法解释当前宏观金融数据的大幅波动。本文在研究银行理财产品对银行资产负债表影响过程的基础上,通过分析其他存款性公司资产负债表的相关实证数据,解释了银行理财产品与宏观金融数据的关系。在宏观金融层面,存量角度的银行理财产品将过去的间接融资还原为直接融资,增量角度的银行理财产品将潜在的间接融资转变成现实的直接融资。银行理财产品的发展正在改变着中国的金融结构,产生的直接结果就是货币增速的下降,甚至是货币绝对量的下降。
[Abstract]:The development of banking financial products has an important impact on the macro-financial process in China. The traditional macro-financial theory can no longer explain the large fluctuations of the current macro-financial data. This paper is studying the impact of banking financial products on banks. Based on the balance sheet impact process, By analyzing the relevant empirical data of the balance sheets of other depository companies, this paper explains the relationship between bank financial products and macro-financial data. Bank financial products from a stock perspective restore past indirect financing to direct financing. Incremental banking financial products turn potential indirect financing into real direct financing. The development of banking financial products is changing China's financial structure, and the direct result is a decline in the growth rate of money. Even a drop in the absolute amount of money.
【作者单位】：中国社会科学院;上海对外贸易学院金融学院;
【分类号】：F832.2

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