中美影子银行监管的比较研究
发布时间：2018-08-26 12:14
【摘要】：2007年美国发生了次贷危机，此后影子银行引起了理论界和监管当局的关注。美国影子银行主要包括货币市场互助基金、信贷对冲基金、结构性投资公司、有限目的财务公司等，这些金融中介机构主要从事信贷、期限和流动性转换，但是没有取得公共部门信贷担保或者中央银行提供流动性担保，因而集聚了大量的金融风险，严重影响了美国金融体系的稳定性。2010年美国出台了《多德一弗兰克法》来缓和影子银行对美国金融体系的冲击，确立了美联储的主要监管主体地位来严格掌控影子银行机构和业务。 影子银行在中国主要包括两部分：一是传统银行内部的表外业务，如委托贷款、信托理财、金融租赁、理财产品、银信合作等；二是非银行民间金融活动，如民间借贷、地下钱庄、私募基金、互联网金融等。我国的各类影子银行其实都受到了比较严格的监管，甚至监管有些过度，这有别于美国影子银行的监管不足。在这种严格监管的体制下，我国金融机构的金融创新能力被大大削弱。 本文从各个方面比较了中美两国的影子银行，例如影子银行构成的比较、影子银行规模的比较以及影子银行特点的比较，此外还分别介绍了两国影子银行的监管体制和监管模式，，并比较了监管体制和监管模式的差异；本文重点为中美两国影子银行各自构建了一套评价影子银行监管有效性的指标体系，并利用这套指标体系分别对两国影子银行监管的有效性进行了评价，同时比较了两国影子银行监管的有效性差异，得出了较美国影子银行监管的有效性，我国影子银行监管的有效性偏低的结论。
[Abstract]:In 2007, the subprime mortgage crisis occurred in the United States. Since then, shadow banking has attracted the attention of theoretical circles and regulatory authorities. Shadow banking in the United States mainly includes money market mutual funds, credit hedge funds, structured investment companies, limited purpose financial companies and so on. These financial intermediaries are mainly engaged in credit, maturity and liquidity conversion, but not. In 2010, the United States promulgated the Dodd-Frank Act to alleviate the impact of shadow banks on the U.S. financial system, establishing the Federal Reserve as the main regulatory body. To strictly control the shadow banking institutions and businesses.
Shadow banking in China mainly includes two parts: one is the off-balance-sheet business of traditional banks, such as entrusted loans, trust financing, financial leasing, financial products, banking and credit cooperation; the other is non-bank non-governmental financial activities, such as private lending, underground money banks, private equity funds, Internet finance and so on. Under the strict supervision system, the financial innovation ability of our financial institutions has been greatly weakened.
This paper compares the shadow banks in China and the United States from various aspects, such as the composition of shadow banks, the size of shadow banks and the characteristics of shadow banks. In addition, it also introduces the supervision systems and modes of shadow banks in China and the United States, and compares the differences between them. The shadow banks of the two countries have constructed a set of index system to evaluate the effectiveness of shadow banking supervision, and used this index system to evaluate the effectiveness of shadow banking supervision of the two countries respectively. At the same time, the paper compares the effectiveness of shadow banking supervision between the two countries, and draws a conclusion that the effectiveness of shadow banking supervision in China is better than that in the United States. The conclusion is that the effectiveness of regulation is low.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.1;F837.12
本文编号：2204838
[Abstract]:In 2007, the subprime mortgage crisis occurred in the United States. Since then, shadow banking has attracted the attention of theoretical circles and regulatory authorities. Shadow banking in the United States mainly includes money market mutual funds, credit hedge funds, structured investment companies, limited purpose financial companies and so on. These financial intermediaries are mainly engaged in credit, maturity and liquidity conversion, but not. In 2010, the United States promulgated the Dodd-Frank Act to alleviate the impact of shadow banks on the U.S. financial system, establishing the Federal Reserve as the main regulatory body. To strictly control the shadow banking institutions and businesses.
Shadow banking in China mainly includes two parts: one is the off-balance-sheet business of traditional banks, such as entrusted loans, trust financing, financial leasing, financial products, banking and credit cooperation; the other is non-bank non-governmental financial activities, such as private lending, underground money banks, private equity funds, Internet finance and so on. Under the strict supervision system, the financial innovation ability of our financial institutions has been greatly weakened.
This paper compares the shadow banks in China and the United States from various aspects, such as the composition of shadow banks, the size of shadow banks and the characteristics of shadow banks. In addition, it also introduces the supervision systems and modes of shadow banks in China and the United States, and compares the differences between them. The shadow banks of the two countries have constructed a set of index system to evaluate the effectiveness of shadow banking supervision, and used this index system to evaluate the effectiveness of shadow banking supervision of the two countries respectively. At the same time, the paper compares the effectiveness of shadow banking supervision between the two countries, and draws a conclusion that the effectiveness of shadow banking supervision in China is better than that in the United States. The conclusion is that the effectiveness of regulation is low.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.1;F837.12
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