影子银行监管的中外比较研究

发布时间：2018-04-28 02:30

本文选题：影子银行 + 金融风险　；参考：《山西财经大学》2014年硕士论文

【摘要】：2008年的全球性金融危机对世界的主要经济体都造成了不同程度的负面影响，至今危机对经济造成的破坏仍没有被彻底修复。在危机之后，各界对危机的发生原因进行广泛研究并达成了基本一致，认为影子银行因素是导致此次危机发生的最主要原因。影子银行的最大特征在于很少或者几乎不受金融监管，加之自身是以逐利为主，因而其蕴含的风险巨大，在经济全球化的背景下，影子银行的风险传播迅速广泛，，破坏潜力惊人。欧美发达国家的影子银行结构复杂，具有信用创造的功能，以证券化活动为主，与之相比，中国的影子银行发展还处于简单的资金融通的起步阶段，但中国的影子银行规模却增长十分迅速，本文的研究目的是要未雨绸缪，对中国的影子银行进行及时监管，以免重蹈欧美的覆辙。鉴于影子银行的高风险，先进经济体在危机发生之后都相继改变之前宽松的监管方式，向审慎严格的方向发展。我国的影子银行今后不断发展，伴随的风险必定会逐步加大，应该借鉴国外的有效经验并结合自身的实际，形成符合自身实际的监管体系，是为本文的研究意义所在。本文的重点在于分析中外影子银行及其监管方面的不同，以便利用国外先进的监管经验，对我国的影子银行监管体系的建立提供帮助。文章利用定性与定量相结合、理论与实践相结合、比较分析等方法，首先介绍了影子银行的界定、特征、相关风险以及与之有关的金融监管内容，通过研究美国、欧盟、英国等先进国家在影子银行监管方面的经验，得出了对中国影子银行监管的启示，在介绍中国影子银行内容、风险的基础上，利用模型估算了中国的影子银行规模并且量化分析了影子银行与经济发展的关系，可以得出我国的影子银行虽然结构简单、程度不高，但是规模逐年增长，已经占到经济总量的1"4左右；经济发展促进了影子银行的发展，但是影子银行发展有可能阻碍经济发展等结论。最后提出了要加快推进利率市场化、引入金融机构破产机制、加快国际合作并逐步与国际标准相统一、建立信息共享机制等建议，希望能够对我国的影子银行监管体制的成立和发展提供一些有益的支持，从而提升我国金融机构的健康水平，维护经济运行的稳健。本文的创新点主要是建议设立行业自律机构，建立实时动态监测制度和作为风险预警的窗口指导政策等。
[Abstract]:The global financial crisis of 2008 has had varying degrees of negative impact on the world's major economies, and so far the damage caused by the crisis has not yet been fully repaired. After the crisis, the cause of the crisis has been widely studied and reached a basic agreement, the shadow banking factor is the main cause of the crisis. The biggest characteristic of shadow banking is that it has little or no financial supervision, and it is mainly profit-driven, so it contains huge risks. Under the background of economic globalization, the risk of shadow banking spreads rapidly and widely. The potential for destruction is staggering. The structure of shadow banking in developed countries in Europe and America is complex and has the function of credit creation. Compared with the securitization activities, the development of shadow banking in China is still in the initial stage of simple financing. However, the scale of shadow banking in China is growing very rapidly. The purpose of this paper is to prepare for the timely supervision of shadow banks in China so as not to repeat the mistakes of Europe and the United States. Given the high risk of shadow banking, advanced economies have moved in the direction of prudential rigour after the crisis. With the continuous development of shadow banking in our country, the risks will be gradually increased. We should learn from the effective experience of foreign countries and combine with our own reality to form a supervision system in accordance with our own reality, which is the research significance of this paper. The emphasis of this paper is to analyze the differences between Chinese and foreign shadow banks and their supervision in order to make use of the advanced supervision experience of foreign countries and to provide help for the establishment of shadow banking supervision system in China. By combining qualitative and quantitative analysis, theory and practice, comparative analysis and other methods, this paper first introduces the definition, characteristics, related risks and related financial supervision contents of shadow banking, through the study of the United States, the European Union, the United States, the European Union, and so on. The experience of the United Kingdom and other advanced countries in the supervision of shadow banks has drawn inspiration for the supervision of shadow banks in China. On the basis of introducing the contents and risks of China's shadow banks, Using the model to estimate the size of shadow banking in China and to quantitatively analyze the relationship between shadow banking and economic development, it can be concluded that although the structure of shadow banking in China is simple and the degree is not high, the scale of shadow banking in China is increasing year by year. The economic development has promoted the development of shadow banking, but the development of shadow banking may hinder the development of economy. Finally, some suggestions are put forward, such as speeding up the marketization of interest rates, introducing the bankruptcy mechanism of financial institutions, speeding up international cooperation and gradually unifying with international standards, establishing a mechanism for information sharing, and so on. It is hoped that it can provide some beneficial support for the establishment and development of the shadow banking supervision system in China, so as to promote the healthy level of our financial institutions and maintain the stability of the economic operation. The innovation of this paper is mainly to propose the establishment of industry self-discipline institutions, the establishment of real-time dynamic monitoring system and as a window to guide the policy of risk early warning, and so on.
【学位授予单位】：山西财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.1

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