【摘要】：2008年,美國次貸危機引發(fā)了全球金融危機,金融危機造成的巨大損失嚴重影響了全球經(jīng)濟發(fā)展,使得監(jiān)管機構(gòu)開始反思現(xiàn)行監(jiān)管體系的缺陷。20世紀80年代以來,監(jiān)管機構(gòu)都是以微觀審慎監(jiān)管為主,并且微觀審慎監(jiān)管的力度也在逐年增加,但是小規(guī)模金融危機爆發(fā)的間隔時間越來越短,同時危機的強度也在不斷加大。其主要原因在于：隨著金融業(yè)的快速發(fā)展,金融市場的脆弱性不斷增強,在橫向上,廣泛的混業(yè)經(jīng)營使金融機構(gòu)融為一體無限增加了金融體系的同質(zhì)性和順周期性；在縱向上,金融創(chuàng)新日新月異,越來越多的表外業(yè)務和高杠桿率,使高回報率與高風險的資產(chǎn)泡沫并存。金融監(jiān)管機構(gòu)認識到微觀審慎監(jiān)管關注的是單一的金融機構(gòu),卻忽視了整個金融體系的風險,而宏觀審慎監(jiān)管則是以系統(tǒng)性風險為監(jiān)管核心,能夠有效得地防范和抵御系統(tǒng)性風險,維護金融體系的穩(wěn)定。 論文首先從宏觀審慎監(jiān)管的起源出發(fā),介紹宏觀審慎監(jiān)管的基本理論,詳細地比較了宏觀審慎監(jiān)管與微觀審社監(jiān)管的區(qū)別。其次,從我國現(xiàn)有的金融監(jiān)管框架”一行三會”出發(fā),分別從四個角度探討我國金融監(jiān)管的現(xiàn)狀以及金融危機之后所做出的改革措施。再次比較和分析美國、英國以及歐盟組織在經(jīng)濟金融危機后對于金融監(jiān)管的改革,從它們的改革措施中吸取經(jīng)驗,為研究我國宏觀審慎監(jiān)管框架的內(nèi)容提供了補充。最后,提出健全我國宏觀審慎監(jiān)管框架的建議,包括成立金融風險穩(wěn)定委員會,宏觀審慎金融監(jiān)管工具的選擇,加強系統(tǒng)性風險監(jiān)測和評估和加強宏觀審慎監(jiān)管與貨幣政策的協(xié)調(diào)配合等。
[Abstract]:In 2008, the subprime mortgage crisis in the United States triggered the global financial crisis. The huge losses caused by the financial crisis seriously affected the development of the global economy, making regulators begin to reflect on the defects of the current regulatory system since the 1980s. Regulators are mainly micro-prudential supervision, and micro-prudential supervision is also increasing year by year, but the interval between the outbreak of small-scale financial crisis is becoming shorter and shorter, and the intensity of the crisis is also increasing. The main reasons are: with the rapid development of the financial industry, the fragility of the financial market is increasing. Horizontally, the integration of financial institutions increases the homogeneity and procyclicality of the financial system. Financial innovation changes with each passing day, more and more off-balance sheet business and high leverage ratio, make high return and high risk asset bubble coexist. Financial regulators recognize that microprudential supervision focuses on a single financial institution but ignores the risks of the financial system as a whole, while macroprudential supervision is centred on systemic risk, Can effectively guard against and resist systemic risks, and maintain the stability of the financial system. Starting from the origin of macro-prudential supervision, this paper introduces the basic theory of macro-prudential supervision, and compares the difference between macro-prudential supervision and micro-prudential supervision in detail. Secondly, starting from the existing framework of financial supervision in China, this paper discusses the current situation of financial supervision and the reform measures made after the financial crisis from four angles. By comparing and analyzing the reform of financial supervision in the United States, Britain and the European Union after the economic and financial crisis, the author draws lessons from their reform measures and provides a supplement to the study of the framework of macro-prudential supervision in China. Finally, the paper puts forward some suggestions to improve the framework of macro-prudential supervision in China, including the establishment of the Financial risk Stability Committee and the choice of instruments for macro-prudential financial supervision. Strengthen systematic risk monitoring and evaluation, and strengthen the coordination of macro-prudential regulation and monetary policy.
【學位授予單位】：天津財經(jīng)大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F832.1

【參考文獻】

相關期刊論文 前10條

1 李宗怡,冀勇鵬;對我國實施銀行業(yè)宏觀審慎監(jiān)管問題的探討[J];當代財經(jīng);2003年07期

2 巴曙松;王t熲，

本文編號：2186428