發(fā)布時間：2018-04-09 15:37

  本文選題：影子銀行　切入點：商業(yè)銀行體系　出處：《西南財經(jīng)大學(xué)》2014年碩士論文

【摘要】：自2008年金融危機以來,國家金融安全與穩(wěn)定開始為人們所廣泛關(guān)注。這次危機的罪魁禍首影子銀行,因其帶來的巨大的破壞性而為人們所唾棄。而在國內(nèi),作為近些年來金融創(chuàng)新深化的重要產(chǎn)物,其出現(xiàn)雖時間不久,但快速的發(fā)展已使他成為金融體系的重要組成部分。它的存在意義也引起了學(xué)術(shù)界監(jiān)管層廣泛討論,褒貶不一。作為我國傳統(tǒng)金融體系最重要的組成部分-商業(yè)銀行,自身的穩(wěn)定性強弱水平將能很好地代表我國金融的穩(wěn)定發(fā)展水平。同時作為銀行的“影子”,影子銀行自誕生之初就與傳統(tǒng)的商業(yè)銀行有著千絲萬縷的聯(lián)系；故此,本文選取商業(yè)銀行體系穩(wěn)定性水平作為我國金融穩(wěn)定性水平的代表,通過研究影子銀行體系的發(fā)展對我國商業(yè)銀行體系穩(wěn)定性水平的影響來探討影子銀行體系發(fā)展對我國金融穩(wěn)定性的影響。 在查閱相關(guān)文獻時筆者發(fā)現(xiàn)：對國內(nèi)影子銀行范圍的界定上,研究較少且意見比較不統(tǒng)一；對商業(yè)銀行體系穩(wěn)定性的研究上,國內(nèi)已經(jīng)有了很多研究,但從影子銀行角度入手研究兩者相關(guān)性的文獻很少,且基本停留在理論分析階段。在這種情況下,本文對影子銀行和商業(yè)銀行體系穩(wěn)定性兩者分別進行估算后,進一步通過模型的方式探究兩者關(guān)系,無疑具有很強的現(xiàn)實意義。 在理論分析我國影子銀行對商業(yè)銀行體系穩(wěn)定性影響時,筆者否認了以往文獻中單方面強調(diào)的僅有風險這一說法,分析結(jié)果顯示,影子銀行一方面是當前金融體系漏洞的重要補充,促進了商業(yè)銀行經(jīng)營模式的優(yōu)化；另一方面,由于缺乏監(jiān)管,往往影子銀行快速發(fā)展源于其監(jiān)管套利的本質(zhì),給商業(yè)銀行也帶來了大量的風險。 實證分析首先是對影子銀行規(guī)模進行測算,本文主要將影子銀行分為：未觀測信貸、商業(yè)銀行表外理財產(chǎn)品、信托產(chǎn)品三個組成部分分別進行測算。 商業(yè)銀行體系穩(wěn)定性估算方面,筆者參考了大量國內(nèi)外研究成果和國際通用標準,并結(jié)合我國金融發(fā)展的特殊性,最終確定了我國的商業(yè)銀行穩(wěn)定性測算指標體系,并用指標映射法得到了我國歷年的銀行風險狀態(tài),所得的結(jié)果與國際形勢相一致。 在分別完成以上兩部分測算后,最終通過建立影子銀行相對規(guī)模的非線性模型建模分析,實證結(jié)果表明影子銀行的規(guī)模發(fā)展對商業(yè)銀行體系穩(wěn)定性影響具有倒U型的閡值效應(yīng),在低于閡值時,影子銀行發(fā)展壯大有利于我國商業(yè)銀行體系提高穩(wěn)定性；而超過閾值時,卻又對我國商業(yè)銀行體系的穩(wěn)定性起到反面效果。證明了本文的理論研究成果。
[Abstract]:Since the 2008 financial crisis, national financial security and stability began to be widely concerned.Shadow banking, the chief culprit of the crisis, was spurned for its devastating nature.In China, as an important product of financial innovation and deepening in recent years, although it appeared for a short time, its rapid development has made it an important part of the financial system.Its existence significance has also caused the academic circles to supervise the stratification widespread discussion, the appraisal is different.As the most important component of the traditional financial system in China, the stability of commercial banks will represent the stable development level of our country's finance.At the same time, as the "shadow" of the bank, the shadow bank has been closely related to the traditional commercial bank since its birth. Therefore, this paper chooses the stability level of the commercial bank system as the representative of the financial stability level of our country.By studying the influence of the development of shadow banking system on the stability of China's commercial banking system, this paper probes into the influence of the development of shadow banking system on the financial stability of our country.In the review of relevant literature, the author found that: the definition of the scope of domestic shadow banking, less research and opinions are not uniform; on the stability of the commercial banking system, there have been a lot of domestic research.However, there are few literatures on the correlation between the two from the perspective of shadow banking, and they remain in the stage of theoretical analysis.In this case, after estimating the stability of shadow banking and commercial banking system, it is undoubtedly of great practical significance to further explore the relationship between the shadow banking and commercial banking system by the way of model.In the theoretical analysis of the influence of shadow banking on the stability of commercial banking system in China, the author denies the theory that only risk is emphasized in the previous literature, and the analysis results show that,Shadow banking, on the one hand, is an important supplement to the loopholes in the current financial system, which promotes the optimization of the business model of commercial banks; on the other hand, because of the lack of supervision, the rapid development of shadow banks often stems from the nature of regulatory arbitrage.It also brings a lot of risks to commercial banks.The first part of the empirical analysis is to measure the scale of shadow banking, which is divided into three parts: non-observed credit, off-balance sheet financial products of commercial banks and trust products.In the aspect of estimating the stability of commercial bank system, the author refers to a large number of domestic and foreign research results and international common standards, and combines the particularity of our country's financial development, finally determines the index system of commercial bank stability measurement in our country.The bank risk state of our country is obtained by the index mapping method, and the results are consistent with the international situation.After the above two parts are calculated, the nonlinear model of the relative scale of the shadow bank is established, and the empirical results show that the scale development of the shadow bank has an inverted U-shaped threshold effect on the stability of the commercial bank system.When the threshold is below the threshold, the development of shadow banking is beneficial to the stability of the commercial banking system in China, but beyond the threshold, it has negative effects on the stability of the commercial banking system in China.The theoretical results of this paper are proved.
【學(xué)位授予單位】：西南財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.33

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本文編號：1727053