摘要
本文主要研究资产价格波动与银行系统稳定之间的关系。有关金融危机的理论研究表明,资产价格波动与银行脆弱性之间存在很强的相关性。资产价格波动主要通过信贷风险渠道、市场风险渠道、经纪业务收入渠道、为附属机构注资的风险渠道及“第二回合”渠道等传导渠道,影响到银行系统的稳定。发生在斯堪的纳维亚和日本的银行危机证明,资产价格剧烈波动确实会造成严重的银行问题,因此为维持银行系统的稳定,监管当局应该密切关注资产价格可能出现的剧烈下跌对银行部门可能产生的风险,并以相应的方法应对。
This article is to investigate the relationship between asset prices volatility and banking system stability.The literature concerning the financial crises shows that asset price volatility and banking fragility have strong corre- lation.The main transmission channels through which banks would be affected by asset prices volatility are those such as credit risk channel,market risk channel,reduction in commission income channel,subsidiaries re-capitalization channel and the“second-round”channel.The banking crises happened in Scandinavia and Japan also prove that sharp asset price fluctuation can really cause serious banking problem,so the supervisory authorities should pay more attention to the possible risks for the banking sector of sharp changes in asset prices and take a number of actions for the benefit of preserving banking system stability.
出处
《财贸经济》
CSSCI
北大核心
2006年第12期3-10,35,共9页
Finance & Trade Economics
关键词
资产价格波动
银行系统稳定
银行危机
传导渠道
Asset Fluctuation
Banking System Stability
Banking Crises
Transmission Channel
