本文關(guān)鍵詞：后危機(jī)時(shí)代中央銀行在宏觀審慎管理的作用　出處：《山東大學(xué)》2012年碩士論文　論文類型：學(xué)位論文

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【摘要】：國際金融危機(jī)爆發(fā)以來,構(gòu)建宏觀審慎性政策框架已在國際社會(huì)取得不少共識(shí),加強(qiáng)宏觀審慎管理成為危機(jī)后國際金融管理制度改革的核心內(nèi)容。G20框架下金融穩(wěn)定理事會(huì)(FSB)、國際清算銀行(BIS)、巴塞爾銀行監(jiān)管委員會(huì)(BCBS)以及其他標(biāo)準(zhǔn)制定機(jī)構(gòu)都在研究強(qiáng)化宏觀審慎管理的政策和工具,美國、歐盟等主要經(jīng)濟(jì)體也在推動(dòng)意在強(qiáng)化宏觀審慎管理的金融體制改革。我國國民經(jīng)濟(jì)和社會(huì)發(fā)展第十二個(gè)五年規(guī)劃綱要明確提出“構(gòu)建逆周期金融宏觀審慎管理制度框架”的要求。有必要深入思考我國中央銀行在宏觀審慎管理中的作用和加強(qiáng)中央銀行宏觀審慎管理職能問題。本文采取理論分析與實(shí)證分析相結(jié)合的方法,遵循提出問題、分析問題、解決問題的研究路線開展分析。 首先,在明確研究背景和意義的基礎(chǔ)上,簡要介紹了宏觀審慎管理的內(nèi)涵、目標(biāo)與框架,對(duì)后危機(jī)時(shí)代關(guān)于中央銀行宏觀審慎管理作用的觀點(diǎn)進(jìn)行綜述,對(duì)歐盟、美、英等地區(qū)和國家金融監(jiān)管體制變革情況進(jìn)行了比較研究。發(fā)揮中央銀行在宏觀審慎管理中的核心作用已成為國際社會(huì)共識(shí),主要經(jīng)濟(jì)國家都將宏觀審慎監(jiān)管賦權(quán)于中央銀行,確立了以中央銀行行為主的宏觀審慎分析與政策架構(gòu)。 其次,從主體獨(dú)立性、管理職責(zé)、貨幣政策、支付網(wǎng)絡(luò)管理、金融穩(wěn)定、成本收益等角度,深入分析了中央銀行在宏觀審慎管理中的地位和優(yōu)勢(shì)。宏觀審慎管理與貨幣政策存在一致性,中央銀行實(shí)施宏觀審慎管理與維護(hù)金融穩(wěn)定職能是對(duì)應(yīng)的。中央銀行得益于其現(xiàn)有的在貨幣政策、金融穩(wěn)定和支付系統(tǒng)中的作用,作為支付系統(tǒng)監(jiān)管者和最后貸款人,在相關(guān)專業(yè)分析、政策協(xié)調(diào)、資金支持、維護(hù)金融穩(wěn)定等方面更有便利條件,在實(shí)施宏觀審慎管理、防范系統(tǒng)性金融風(fēng)險(xiǎn)中具有先天性優(yōu)勢(shì),應(yīng)在宏觀審慎管理框架中充當(dāng)更重要的角色。 再次,分析了我國中央銀行宏觀審慎管理的實(shí)踐與現(xiàn)狀。近年來,人民銀行注重從宏觀審慎角度加強(qiáng)金融調(diào)控,完善以差別準(zhǔn)備金動(dòng)態(tài)調(diào)整為核心的逆周期調(diào)控機(jī)制,取得一定成效。但還存在著宏觀審慎管理體系法律制度缺失、宏觀審慎管理政策架構(gòu)和工具亟待研究完善、缺乏有效的監(jiān)管協(xié)調(diào)機(jī)制、金融監(jiān)管的信息搜集和共享機(jī)制不健全等難點(diǎn)和不足,有必要加強(qiáng)我國宏觀審慎管理。 最后,對(duì)加強(qiáng)中央銀行宏觀審慎管理提出了相應(yīng)的政策建議。建議盡快明確中央銀行在宏觀審慎管理框架中的主導(dǎo)地位,賦予中央銀行更大的系統(tǒng)性風(fēng)險(xiǎn)監(jiān)管職能,授權(quán)中央銀行加強(qiáng)宏觀審慎管理工具研究,建立適合中國國情的金融風(fēng)險(xiǎn)監(jiān)測(cè)分析框架,完善中央銀行與金融監(jiān)管部門的監(jiān)管協(xié)調(diào)機(jī)制,健全市場化的系統(tǒng)性風(fēng)險(xiǎn)處置機(jī)制,加強(qiáng)中央銀行與國際監(jiān)管機(jī)構(gòu)的協(xié)調(diào)合作。
[Abstract]:Since the outbreak of the international financial crisis, the establishment of a macro-prudential policy framework has achieved a lot of consensus in the international community. Strengthening macro-prudential management has become the core content of the post-crisis reform of the international financial management system. The Financial Stability Board (FSB) and the Bank for International Settlements (BIS) under the framework of G20. The Basel Committee on Banking Supervision (BCBS) and other standard-setting bodies are studying policies and tools to strengthen macroprudential management in the United States. Major economies, such as the European Union, are also promoting reforms in the financial system aimed at strengthening macro-prudential management. The 12th Five-Year Plan for China's National Economic and Social Development is clearly stated in the outline. " Construction of a framework for macro-prudential management in countercyclical finance " It is necessary to think deeply about the role of the central bank in macro-prudential management and to strengthen the function of macro-prudential management. This paper adopts the method of combining theoretical analysis with empirical analysis. Follow the research route of problem raising, problem analysis and problem solving. First of all, on the basis of clear research background and significance, this paper briefly introduces the connotation, objectives and framework of macro-prudential management, and summarizes the views on the role of macro-prudential management of the central bank in the post-crisis era. This paper makes a comparative study of the changes in the financial regulatory system in the EU, the United States, the United Kingdom, and other regions and countries. It has become a consensus of the international community to give play to the central bank's central role in macro-prudential management. The major economic countries have empowered the central bank with macro-prudential supervision and established a macro-prudential analysis and policy framework dominated by the central bank. Secondly, from the aspects of subject independence, management responsibility, monetary policy, payment network management, financial stability, cost-benefit and so on. The position and advantage of central bank in macroprudential management are analyzed in depth. There is consistency between macro-prudential management and monetary policy. The central bank's role in monetary policy, financial stability and payment systems is the same as the function of maintaining financial stability in the context of macro-prudential management by the central bank, which benefits from its existing role in monetary policy, financial stability and the payment system. As the regulator of payment system and lender of last resort, there are more convenient conditions in related professional analysis, policy coordination, financial support, financial stability and so on, in the implementation of macro-prudential management. There are inherent advantages in the prevention of systemic financial risks, which should play a more important role in macroprudential management framework. Thirdly, the paper analyzes the practice and present situation of macro-prudential management in China's central bank. In recent years, the people's Bank of China has focused on strengthening financial regulation and control from the perspective of macro-prudential. Improve the dynamic adjustment of differential reserve as the core of the counter-cyclical control mechanism, achieved certain results, but there is still a macro-prudential management system of the legal system is missing. Macroprudential management policy framework and tools need to be studied and improved, lack of effective regulatory coordination mechanism, financial regulation of information collection and sharing mechanism is not perfect and difficult and inadequate. It is necessary to strengthen macro-prudential management in China. Finally, it puts forward the corresponding policy recommendations to strengthen the macro-prudential management of the central bank, and suggests that the dominant position of the central bank in the macro-prudential management framework should be clarified as soon as possible. The central bank should be entrusted with more functions of systemic risk supervision, and the central bank should be empowered to strengthen the research on macro-prudential management tools and establish a financial risk monitoring and analysis framework suitable for China's national conditions. We should perfect the supervision and coordination mechanism between the central bank and the financial supervision department, perfect the market-oriented systematic risk management mechanism, and strengthen the coordination and cooperation between the central bank and the international regulatory bodies.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.31

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本文編號(hào)：1391363