国际金融危机背景下欧洲金融结构的转型——走向银行与资本市场并重均衡的欧洲金融体系
发布时间：2019-06-14 17:37
【摘要】：长期以来,尽管各成员国之间差异巨大,但欧盟金融结构总体上呈现银行主导的特征。国际金融危机冲击下欧洲金融体系的动荡表明,欧盟银行主导的金融体系并不完美。一方面,对银行业的过度依赖会因银行监管和市场出清机制的不足导致系统性风险累积,增加金融系统的脆弱性;另一方面,又因缺乏一个替代性机制缓冲经济基本面所受到的冲击,难以为经济复苏提供必要的金融支持。因此,欧盟在通过银行业联盟确保银行体系稳定的同时,着手借助资本市场联盟的建设推动资本市场发展,欧盟金融体系也因此启动了从银行主导向银行与市场并重的重大结构转型。
[Abstract]:For a long time, although there are great differences among member states, the financial structure of the European Union is generally bank-led. The turmoil in the European financial system under the impact of the international financial crisis shows that the EU bank-led financial system is not perfect. On the one hand, the excessive dependence on the banking industry will lead to the accumulation of systemic risks and increase the vulnerability of the financial system due to the lack of banking supervision and market clearing mechanism; on the other hand, it is difficult to provide the necessary financial support for economic recovery because of the lack of an alternative mechanism to cushion the impact of economic fundamentals. Therefore, while ensuring the stability of the banking system through the banking union, the European Union has begun to promote the development of the capital market with the help of the construction of the capital market alliance, and the EU financial system has therefore launched a major structural transformation from bank dominance to equal emphasis on banks and markets.
【作者单位】： 中国社会科学院欧洲研究所;
【分类号】：F835
[Abstract]:For a long time, although there are great differences among member states, the financial structure of the European Union is generally bank-led. The turmoil in the European financial system under the impact of the international financial crisis shows that the EU bank-led financial system is not perfect. On the one hand, the excessive dependence on the banking industry will lead to the accumulation of systemic risks and increase the vulnerability of the financial system due to the lack of banking supervision and market clearing mechanism; on the other hand, it is difficult to provide the necessary financial support for economic recovery because of the lack of an alternative mechanism to cushion the impact of economic fundamentals. Therefore, while ensuring the stability of the banking system through the banking union, the European Union has begun to promote the development of the capital market with the help of the construction of the capital market alliance, and the EU financial system has therefore launched a major structural transformation from bank dominance to equal emphasis on banks and markets.
【作者单位】： 中国社会科学院欧洲研究所;
【分类号】：F835
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