摘要
在当今经济社会中,防范系统性金融风险,提高金融业抗风险能力,受到了国内外政府机构和学者的空前关注。本文从系统性金融风险的成因、度量、监管三个角度,对国内外文献进行了分析整理。其中,系统性金融风险的成因有溢出效应、金融业的过度创新、信息不对称和金融市场的高杠杆性;系统性金融风险的度量办法主要有指标法和模型法;系统性金融风险的监管措施则主要包括监管主体、监管手段和宏观审慎监管三个方面。最后,就系统性金融风险成因的识别、度量和监管的优化以及宏观审慎框架的建立健全方面提出了建议。
In today's economic society,preventing systemic financial risks and improving the resilience of the financial industry have received unprecedented attention from government agencies and scholars at home and abroad.This paper analyzes and organizes domestic and international literature from three perspectives:the causes,measurement and regulation of systemic fi nancial risks.Among them,the causes of systemic fi nancial risk include spillover eff ect,excessive innovation in fi nancial industry,information asymmetry and highly-leveraged fi nancial market;the measurement mainly include indicator method and model method;the regulatory measures of systemic financial risk mainly include three aspects:regulatory body,regulatory instruments and macro-prudential supervision.Finally,suggestions are made on the identifi cation of the causes of systemic fi nancial risks,the optimization of measurement and regulation,and the establishment and improvement of macroprudential framework.
作者
张昕
朱义鑫
ZHANG Xin;ZHU Yixin
出处
《吉林金融研究》
2021年第7期5-9,共5页
Journal of Jilin Financial Research
基金
国家社会科学基金项目“复杂网络视角下新疆区域系统性金融风险传染机制及其监管研究”(项目编号:20BJY239)。
关键词
系统性金融风险
流动性风险
金融监管
systemic fi nancial risk
liquidity risk
fi nancial regulation
