本文選題：影子銀行　切入點：監(jiān)管建議　出處：《復旦大學》2014年碩士論文　論文類型：學位論文

【摘要】：近些年來,在我國傳統(tǒng)的商業(yè)銀行信貸融資業(yè)務受到限制的局面下,影子銀行的規(guī)模呈現(xiàn)了爆發(fā)性地增長的態(tài)勢。影子銀行業(yè)務的發(fā)展能夠通過提供非銀行渠道信貸,助益于實體經(jīng)濟發(fā)展。然而,影子銀行潛在的期限錯配造成的流動性風險,違約風險和系統(tǒng)性風險因其在2008年所造成的嚴重金融危機,已經(jīng)被各國金融監(jiān)管機構(gòu)所重視。2009年起,國外的金融監(jiān)管機構(gòu)紛紛對控制影子銀行風險制定了一系列的監(jiān)管措施并建立了新的監(jiān)管體制。由于我國影子銀行的興起模式和特征與國外的影子銀行有著較大的差異,研究中國式影子銀行對宏觀經(jīng)濟的影響機制將能夠為認清影子銀行的益處和風險打下基礎,從而為我國監(jiān)管機構(gòu)更有效地監(jiān)管影子銀行體系提供合適的政策建議。本文采用理論推導和定量分析相結(jié)合的方法,在國內(nèi)外學者研究的基礎上較為全面地、系統(tǒng)地闡述了中國式影子銀行的定義、特征及風險。并且從理論推導出發(fā),闡述了影子銀行對我國宏觀經(jīng)濟的影響機制。為驗證該影響機制,本文采用2006年—2013年的月度數(shù)據(jù)樣本,建立VAR模型,對中國影子銀行規(guī)模變化對于宏觀經(jīng)濟中的貨幣供應量、利率、總產(chǎn)出和通貨膨脹的變化進行實證分析。結(jié)果發(fā)現(xiàn),影子銀行規(guī)模變化通過影響貨幣供應量,從而導致了利率的下降、產(chǎn)出增加和實物價格上升的結(jié)果。最后本文從我國金融監(jiān)管現(xiàn)狀以及特色出發(fā),闡述了我國監(jiān)管機構(gòu)對于影子銀行監(jiān)管面臨的壓力和困難,并從宏觀和微觀兩個層面出發(fā)給出了對于影子銀行監(jiān)管的建議。
[Abstract]:In recent years, under the situation that the traditional commercial bank credit financing business in our country is restricted, the scale of shadow banking has shown an explosive growth trend. The development of shadow banking business can be achieved by providing non-bank channel credit. However, the liquidity risk, default risk and systemic risk caused by the potential maturities mismatch of shadow banks have been taken seriously by financial regulators in various countries since 2009 because of the serious financial crisis caused by them on 2008. Foreign financial regulators have established a series of supervision measures to control the risk of shadow banking and set up a new supervision system. The study of the impact mechanism of Chinese shadow banking on the macro economy will lay the foundation for a clear understanding of the benefits and risks of shadow banking. In order to provide appropriate policy recommendations for our country's supervision of shadow banking system more effectively. This paper adopts the method of combining theoretical derivation and quantitative analysis, on the basis of domestic and foreign scholars' research, it is more comprehensive. This paper systematically expounds the definition, characteristics and risks of Chinese shadow banking, and from the theoretical derivation, expounds the influence mechanism of shadow banking on the macro economy of our country. Based on the monthly data samples from 2006 to 2013, this paper establishes VAR model to analyze the changes in the size of shadow banking in China for the change of money supply, interest rate, total output and inflation in the macro economy. The change of shadow banking scale affects the money supply, which leads to the decline of interest rate, the increase of output and the rise of real price. Finally, this paper starts from the current situation and characteristics of financial supervision in China. This paper expounds the pressure and difficulties faced by our country's regulators in the supervision of shadow banks, and puts forward some suggestions on the supervision of shadow banks from the macro and micro aspects.
【學位授予單位】：復旦大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.3;F123.16

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本文編號：1608987