中美影子銀行監(jiān)管的比較研究
發(fā)布時間：2018-08-26 12:14
【摘要】：2007年美國發(fā)生了次貸危機，此后影子銀行引起了理論界和監(jiān)管當局的關注。美國影子銀行主要包括貨幣市場互助基金、信貸對沖基金、結構性投資公司、有限目的財務公司等，這些金融中介機構主要從事信貸、期限和流動性轉換，但是沒有取得公共部門信貸擔�；蛘咧醒脬y行提供流動性擔保，因而集聚了大量的金融風險，嚴重影響了美國金融體系的穩(wěn)定性。2010年美國出臺了《多德一弗蘭克法》來緩和影子銀行對美國金融體系的沖擊，確立了美聯儲的主要監(jiān)管主體地位來嚴格掌控影子銀行機構和業(yè)務。 影子銀行在中國主要包括兩部分：一是傳統(tǒng)銀行內部的表外業(yè)務，如委托貸款、信托理財、金融租賃、理財產品、銀信合作等；二是非銀行民間金融活動，如民間借貸、地下錢莊、私募基金、互聯網金融等。我國的各類影子銀行其實都受到了比較嚴格的監(jiān)管，甚至監(jiān)管有些過度，這有別于美國影子銀行的監(jiān)管不足。在這種嚴格監(jiān)管的體制下，我國金融機構的金融創(chuàng)新能力被大大削弱。 本文從各個方面比較了中美兩國的影子銀行，例如影子銀行構成的比較、影子銀行規(guī)模的比較以及影子銀行特點的比較，此外還分別介紹了兩國影子銀行的監(jiān)管體制和監(jiān)管模式，，并比較了監(jiān)管體制和監(jiān)管模式的差異；本文重點為中美兩國影子銀行各自構建了一套評價影子銀行監(jiān)管有效性的指標體系，并利用這套指標體系分別對兩國影子銀行監(jiān)管的有效性進行了評價，同時比較了兩國影子銀行監(jiān)管的有效性差異，得出了較美國影子銀行監(jiān)管的有效性，我國影子銀行監(jiān)管的有效性偏低的結論。
[Abstract]:In 2007, the subprime mortgage crisis occurred in the United States. Since then, shadow banking has attracted the attention of theoretical circles and regulatory authorities. Shadow banking in the United States mainly includes money market mutual funds, credit hedge funds, structured investment companies, limited purpose financial companies and so on. These financial intermediaries are mainly engaged in credit, maturity and liquidity conversion, but not. In 2010, the United States promulgated the Dodd-Frank Act to alleviate the impact of shadow banks on the U.S. financial system, establishing the Federal Reserve as the main regulatory body. To strictly control the shadow banking institutions and businesses.
Shadow banking in China mainly includes two parts: one is the off-balance-sheet business of traditional banks, such as entrusted loans, trust financing, financial leasing, financial products, banking and credit cooperation; the other is non-bank non-governmental financial activities, such as private lending, underground money banks, private equity funds, Internet finance and so on. Under the strict supervision system, the financial innovation ability of our financial institutions has been greatly weakened.
This paper compares the shadow banks in China and the United States from various aspects, such as the composition of shadow banks, the size of shadow banks and the characteristics of shadow banks. In addition, it also introduces the supervision systems and modes of shadow banks in China and the United States, and compares the differences between them. The shadow banks of the two countries have constructed a set of index system to evaluate the effectiveness of shadow banking supervision, and used this index system to evaluate the effectiveness of shadow banking supervision of the two countries respectively. At the same time, the paper compares the effectiveness of shadow banking supervision between the two countries, and draws a conclusion that the effectiveness of shadow banking supervision in China is better than that in the United States. The conclusion is that the effectiveness of regulation is low.
【學位授予單位】：山東財經大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.1;F837.12
本文編號：2204838
[Abstract]:In 2007, the subprime mortgage crisis occurred in the United States. Since then, shadow banking has attracted the attention of theoretical circles and regulatory authorities. Shadow banking in the United States mainly includes money market mutual funds, credit hedge funds, structured investment companies, limited purpose financial companies and so on. These financial intermediaries are mainly engaged in credit, maturity and liquidity conversion, but not. In 2010, the United States promulgated the Dodd-Frank Act to alleviate the impact of shadow banks on the U.S. financial system, establishing the Federal Reserve as the main regulatory body. To strictly control the shadow banking institutions and businesses.
Shadow banking in China mainly includes two parts: one is the off-balance-sheet business of traditional banks, such as entrusted loans, trust financing, financial leasing, financial products, banking and credit cooperation; the other is non-bank non-governmental financial activities, such as private lending, underground money banks, private equity funds, Internet finance and so on. Under the strict supervision system, the financial innovation ability of our financial institutions has been greatly weakened.
This paper compares the shadow banks in China and the United States from various aspects, such as the composition of shadow banks, the size of shadow banks and the characteristics of shadow banks. In addition, it also introduces the supervision systems and modes of shadow banks in China and the United States, and compares the differences between them. The shadow banks of the two countries have constructed a set of index system to evaluate the effectiveness of shadow banking supervision, and used this index system to evaluate the effectiveness of shadow banking supervision of the two countries respectively. At the same time, the paper compares the effectiveness of shadow banking supervision between the two countries, and draws a conclusion that the effectiveness of shadow banking supervision in China is better than that in the United States. The conclusion is that the effectiveness of regulation is low.
【學位授予單位】：山東財經大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.1;F837.12
【參考文獻】
相關期刊論文 前10條
1 邊衛(wèi)紅;;次貸危機對美國銀行業(yè)結構調整影響研究[J];金融論壇;2010年01期
2 鄭振龍;孫清泉;;歐美CDS市場改革與中國信用風險緩釋工具的市場制度設計[J];金融論壇;2012年01期
3 賀川;劉曉妍;;關于杠桿率監(jiān)管的邏輯思考[J];東方企業(yè)文化;2011年10期
4 周莉萍;;論影子銀行體系國際監(jiān)管的進展、不足、出路[J];國際金融研究;2012年01期
5 許華偉;;影子銀行體系最新發(fā)展趨勢及監(jiān)管啟示[J];管理現代化;2012年04期
6 于菁;;影子銀行問題研究述評[J];山東工商學院學報;2013年01期
7 秦嶺;;“影子銀行系統(tǒng)”的系統(tǒng)性風險與監(jiān)管——以美國為例的探討[J];國際經濟法學刊;2010年01期
8 鐘燕;;美國影子銀行體系的風險傳導及監(jiān)管分析[J];福建金融;2013年03期
9 張秀文;;加強我國商業(yè)銀行流動性風險監(jiān)管研究[J];財政監(jiān)督;2012年10期
10 朱宏春;;理性看待中國的影子銀行[J];南方金融;2013年06期
本文編號：2204838
本文鏈接：http://www.sikaile.net/jingjilunwen/guojijinrong/2204838.html
