我国影子银行体系风险监管研究

发布时间：2018-06-20 07:23

本文选题：影子银行体系 + 系统性风险　；参考：《中国石油大学(华东)》2014年硕士论文

【摘要】：继2008年全球金融危机之后,影子银行成为金融领域研究热点,其规模之大、表外运行及持续发展趋势所蕴含的潜在风险不容忽视。据FSB统计,2012年影子银行规模已高达73万亿美元,是2002年的3倍之多。影子银行的快速发展给我国金融市场带来了活力,强化了金融服务功能,增强了金融市场流动性,提高了商业银行的盈利能力。但是,影子银行的高杠杆率、期限错配、监管真空等特点,给金融发展与稳定以及宏观经济运行带来了巨大的风险。基于以上背景,借鉴国际社会对影子银行体系的创新性金融监管理论和实践措施,并结合我国金融市场实际发展状况,对于完善和改进我国影子银行体系风险监管体制具有重大意义。首先,给出影子银行的定义,总结影子银行的一般特点,并完整的阐述了影子银行体系发展过程及其对金融系统的意义,对影子银行的相关理论进行了梳理。在此基础上,进一步总结我国影子银行的主要表现形式和现状,归纳分析了我国影子银行的特殊特征与监管问题。以美国、英国、欧盟及G20金融稳定理事会为例,对比分析国际社会组织对影子银行的监管框架与改革措施,旨在进一步完善影子银行体系的理论研究,为影子银行监管提供导向、依据和参考。然后,从有限理性的假设角度出发,建立非银行金融机构和监管部门之间演化博弈模型,对其博弈策略选择、演变轨迹及影响因素进行研究,得到有效降低前者的高风险违规经营的激励条件是降低高风险经营收益与加大监管惩罚力度,而实现后者有效监管的激励条件在于减少监管成本、增加尽职监管收益和加大监管失职惩罚力度。最后,结合上述研究,提出完善我国影子银行体系的风险监管对策。
[Abstract]:Following the global financial crisis in 2008, shadow banking has become a hot research topic in the financial field. Because of its large scale, the potential risks of off-balance sheet operation and sustainable development trend can not be ignored. Shadow banks reached $73 trillion in 2012, three times the size of 2002, according to the FSB. The rapid development of shadow banking brings vitality to our financial market, strengthens the function of financial service, strengthens the liquidity of financial market, and improves the profitability of commercial banks. However, the characteristics of high leverage ratio, term mismatch and regulatory vacuum in shadow banking bring great risks to financial development and stability as well as macroeconomic operation. Based on the above background, drawing lessons from the international community's innovative financial supervision theory and practical measures of shadow banking system, and combining with the actual development of China's financial market, It is of great significance to perfect and improve the risk supervision system of shadow banking system in China. First of all, it gives the definition of shadow banking, summarizes the general characteristics of shadow banking, and describes the development process of shadow banking system and its significance to the financial system. On this basis, the main forms and present situation of shadow banking in China are summarized, and the special features and supervision problems of shadow banking in China are summarized and analyzed. Taking the Financial Stability Council of the United States, the United Kingdom, the European Union and the G20 as an example, this paper makes a comparative analysis of the regulatory framework and reform measures of shadow banking by international social organizations in order to further improve the theoretical study of the shadow banking system. For shadow banking supervision to provide guidance, basis and reference. Then, from the hypothesis of limited rationality, the evolutionary game model between non-bank financial institutions and regulators is established, and the selection of game strategy, evolution path and influencing factors are studied. To obtain the incentive condition of reducing the former's high risk illegal operation effectively is to reduce the profit of high risk management and increase the punishment of supervision, while the incentive condition of realizing the latter's effective supervision lies in reducing the supervision cost. Increase due diligence benefits and increase the penalties for regulatory dereliction of duty. Finally, combining the above research, put forward the risk supervision countermeasures to perfect the shadow banking system of our country.
【学位授予单位】：中国石油大学(华东)
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.3

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