国内影子银行信用创造的实证分析

发布时间：2018-04-09 14:18

本文选题：影子银行　切入点：信用创造VAR分析　出处：《山东大学》2014年硕士论文

【摘要】：近几年,许多国家金融危机的爆发引起了人们对于影子银行的极大的兴趣,各国开始意识到影子银行体系的快速膨胀会对本国的金融体系产生无法预估的影响,而且其发展速度难以掌控,于是纷纷开始结合本国实际出台自己的监管法律加强对影子银行的监管。影子银行作为传统商业银行发展的派生结果,是在传统商业银行追求产品与服务创新的过程中产生的,有其积极的一面,但其对整个金融体系产生的负面影响更不容忽视。各国金融专业人士多年研究分析发现影子银行之所以能够在世界范围内产生出如此大的破坏力,归根结底,就是因为它具有很强的信用创造作用,而一旦信用链出现断裂,危机就会出现。本文的主旨就是通过明确界定影子银行定义,分析国外影子银行组成部分以及其运作方式,了解国外如何对影子银行开展风险防控与监管来分析国内影子银行体系的信用创造的作用。全文通过对影子银行的概念的介绍和国内影子银行体系发展现状的分析,引出对于国内影子银行各组成部分的信用创造的作用的分析。将国内影子银行系统拆分成银行表外业务系统、非存款类金融机构系统和广泛的民间金融系统三大类的影子银行产品,对其规模进行了统计,并从中抽取了不同类别的银行理财产品分别分析了它们信用创造的过程,最终选取了银行理财产品、信托资产规模、私募基金规模和货币市场基金规模这四类典型的影子银行产品,对代表国内信用总量的国内的货币供给量进行脉冲响应函数分析,观察不同的影子银行产品的信用创造的能力,然后通过对方差分解的结果进行分析,得出了这几种不同的影子银行产品对货币供给量的贡献程度,在文章最后,根据实证分析从法律角度、金融机构、金融市场以及国际合作等四方面对影子银行监管提出了相应的建议。
[Abstract]:In recent years, the outbreak of financial crisis in many countries has aroused great interest in shadow banking. Countries are beginning to realize that the rapid expansion of the shadow banking system will have an unpredictable impact on their financial systems.And the pace of development is so difficult to control that they have begun to tighten their shadow banking regulations in the light of their own actual regulatory laws.Shadow banking, as a derivative of the development of traditional commercial banks, is produced in the process of pursuing product and service innovation in traditional commercial banks. It has its positive side, but its negative impact on the whole financial system can not be ignored.Financial professionals from all over the world have studied and analyzed for many years and found that the reason why shadow banking can produce such a destructive force in the world is, in the final analysis, because it has a strong credit creation function, and once the credit chain breaks,A crisis will arise.The purpose of this paper is to analyze the components of foreign shadow banking and its operation through defining the definition of shadow banking.To understand how to carry out risk prevention and control and supervision of shadow banking in foreign countries to analyze the role of credit creation in domestic shadow banking system.Through the introduction of the concept of shadow banking and the analysis of the present situation of the development of the shadow banking system in China, this paper draws an analysis of the role of the credit creation of the various components of the shadow banking in China.The domestic shadow banking system is divided into three categories of shadow banking products, which are the banking off-balance sheet business system, the non-deposit financial institution system and the extensive private financial system.And the different types of banking financial products are selected to analyze the process of their credit creation. Finally, the bank financial products, trust assets scale are selected.The size of private equity funds and the size of money market funds are four kinds of typical shadow banking products. The impulse response function is used to analyze the domestic money supply which represents the total amount of domestic credit, and to observe the credit creation ability of different shadow banking products.Then, by analyzing the results of variance decomposition, we get the contribution of these different shadow banking products to the money supply. At the end of the article, according to the empirical analysis, from the legal point of view, financial institutions,Four aspects of financial market and international cooperation put forward the corresponding suggestions on shadow banking supervision.
【学位授予单位】：山东大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.3;F270

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