我国影子银行的规模效应和发展对策

发布时间：2018-04-25 21:27

本文选题：影子银行 + 规模效应　；参考：《中国社会科学院研究生院》2014年硕士论文

【摘要】：根据金融稳定理事会（FSB）的定义，“影子银行体系是指游离于传统银行体系之外的信用中介组织和信用中介业务，其期限或流动性转换、有缺陷的信用风险转移和杠杆化特征增加了系统性金融风险或监管套利风险”①。本文将重点研究我国影子银行的规模效应以及基于规模效应存在的情况下未来我国影子银行发展对策的选择。通过阅读大量国内外关于影子银行的文献，笔者给出本文我国影子银行的定义，并根据定义，给出了我国影子银行近四年的发展规模，给读者以直观的规模理解。本文基于影子银行规模在我国快速增长的现象，效仿股市规模效应研究方法，运用实证分析研究我国影子银行的规模效应。本文关于影子银行的规模效应做了两部分分析，一种是将影子银行和商业银行、证券业比较，考察规模和收益率的关系；另一种是选取影子银行中典型的几类产品进行比较，分析内部存在的规模效应。在此基础上本文选取了行为金融学中的期望理论和羊群效应做进一步说明，，最后得出影子银行存在规模效应。这种非正常的现象必然会使影子银行对金融市场造成较大的影响，因此在影子银行规模效应分析之后继续研究影子银行的规模效应所产生的影响。针对我国影子银行存在的规模效应现象及其所带来的影响，文章在第五部分预测了未来我国影子银行的发展趋势，并在文章第六部分提出为消除规模效应这种非正常状态应实施的发展对策。文章提出，循序渐进推进金融产品创新、完善我国金融监管体系、加快经济体制改革，支持实体经济发展等措施将保障影子银行健康良好地发展。最后，在结论部分，本文系统地总结了文章总体核心思想及对待影子银行未来发展监管的态度，认为影子银行作为金融创新的必然趋势，应该在合理适度的金融监管环境下稳健地发展。
[Abstract]:According to the Financial Stability Board (FSB), "the shadow banking system is defined as a credit intermediary organization and credit intermediary business outside the traditional banking system whose duration or liquidity changes." Flawed credit risk transfer and leverage features increased systemic financial risk or regulatory arbitrage risk "1. This paper will focus on the study of the scale effect of shadow banking in China and the future development strategy of shadow banking in China under the condition of the existence of scale effect. By reading a large number of domestic and foreign literature on shadow banking, the author gives the definition of shadow banking in China, and according to the definition, gives the development scale of shadow banking in China in the past four years, and gives readers an intuitive understanding of the scale. Based on the phenomenon of rapid growth of shadow banking scale in China, this paper imitates the research method of scale effect of stock market, and uses empirical analysis to study the scale effect of shadow bank in China. This paper analyzes the scale effect of shadow banking in two parts. One is to compare shadow banking with commercial bank, to investigate the relationship between scale and yield, and the other is to compare several typical products in shadow banking. Analyze the scale effect of internal existence. On this basis, this paper chooses the expectation theory and herd effect in behavioral finance to explain further, and finally draws the conclusion that shadow banking exists scale effect. This abnormal phenomenon will inevitably make the shadow banking have a great impact on the financial market, so continue to study the impact of the shadow bank scale effect after the analysis of the shadow bank scale effect. In view of the phenomenon of scale effect in shadow banking in China and its influence, the fifth part of this paper predicts the development trend of shadow banking in China in the future. In the sixth part of the paper, the development countermeasures should be implemented to eliminate the abnormal state of scale effect. This paper puts forward some measures to ensure the sound and healthy development of shadow banking, such as promoting the innovation of financial products step by step, perfecting our financial supervision system, speeding up the reform of economic system, and supporting the development of real economy. Finally, in the conclusion part, this paper systematically summarizes the overall core idea of the article and the attitude towards the future development and supervision of shadow banking, and thinks that shadow banking is the inevitable trend of financial innovation. Should be in a reasonable and moderate financial regulatory environment under the steady development.
【学位授予单位】：中国社会科学院研究生院
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.3

【参考文献】