摘要
2008年美国金融危机是对各国银行业逆周期监管工具应用的一次重要测试,测试结果倒逼欧美各国对银行业监管架构进行优化,以强化和提高宏观审慎监管能力。本文以商业银行经营成本最小化目标预算约束模型为基础,推导构建中国银行业逆周期监管评价模型,对中国银行业逆周期监管工具应用情况进行评估,分析制约逆周期监管工具发挥作用的关键性制度因素。在此基础上,本文对各种银行业(金融)监管改革方案进行比较,提出中国银行业逆周期监管架构的优化目标及改革路径。
The financial crisis of 2008 is an important test of the application of the banking counter-cyclical regulatory tools. The test results force Europe and the United States to optimize the banking regulatory structure,to strengthen the macro-prudential regulation ability. Based on the budget constraint model of the bank cost minimization target,this paper derives and builds the appraisal model of Chinese banking counter-cyclical regulation,evaluates the applications of the China banking counter-cyclical regulatory tools,and analyses the institutional key factors which plays the restriction role in counter-cyclical regulatory tools. And on this basis,we put forward optimization targets and reform ways of Chinese banking counter-cyclical regulatory structure,after a comparative analysis of various banking( financial) regulatory reform plan.
出处
《金融评论》
CSSCI
北大核心
2017年第4期26-39,共14页
Chinese Review of Financial Studies
基金
国家社会科学基金重点项目"‘十三五’时期我国的金融安全战略研究"(批准号:15AJY017)的阶段性研究成果
关键词
逆周期监管
风险价值
宏观审慎监管
Counter-Cyclical Financial Regulatory
Value at Risk
Macro-Prudential Supervision
