摘要
国际实践经验表明,系统性金融风险不仅危及整个金融体系,更会给社会财富带来巨大损失,因此保障金融安全对于一国经济安全有着重要意义。本文从金融市场入手,结合综合指数法,从五个维度对我国金融市场系统性风险进行度量。研究结果表明,其一,在2012年和2014年,系统性金融风险达到较高水平。其二,在金融系统中的各个子市场中,保险市场波动率最大,其次是证券市场和商业银行,信托市场最小。总体而言,该方法的测度结果能够较好的吻合我国经济发展状况。
International practical experience shows that systemic financial risks not only endanger the entire financial system, but also bring huge losses to social wealth. Therefore, ensuring financial security is of great significance to a country's economic security. Starting from the financial market, this paper combines the comprehensive index method to measure the systemic risk of China's financial market from five dimensions. The results show that, first, in 2012 and 2014, systemic financial risks reached a high level. Second, in the sub-markets of the financial system, the insurance market has the highest volatility, followed by the securities market and commercial banks, and the trust market is the smallest. Overall, the measurement results of this method can better match the economic development of China.
作者
郑逸少
张怡超
Zheng Yishao;Zhang Yichao(Nanjing Audit University, Nanjing 211800)
出处
《北方经贸》
2019年第7期91-95,共5页
Northern Economy and Trade
关键词
系统性金融风险
金融市场
风险度量
综合指数法
systemic financial risk
financial market
risk measurement
composite index method
