中国金融体系的顺周期性研究

2014 Seventh International Joint Conference on Computational Sciences and Optimization Pub Date : 2014-07-04 DOI:10.1109/CSO.2014.22

Zhou Hui, Yuan-Fu Chuang, Liu Canhui, Huang Xi

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引用次数: 0

摘要

实证研究表明，由商业银行、证券公司、保险公司和投资基金组成的中国金融体系存在明显的顺周期性。顺周期性加剧了金融体系的脆弱性，放大了中国宏观经济周期的波动性。中国应加快构建涵盖商业银行、证券公司、保险公司和投资基金的完整宏观审慎监管框架，以增强金融体系的稳定性，促进经济健康发展。

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A Research on Pro-Cyclicality of Finance System of China

Empirical studies show that there is a clear pro-cyclicality in China's financial system, which consists of commercial banks, securities firms, insurance companies and investment funds. The pro-cyclicality promotes the vulnerability of financial system and amplifies the volatility of macroeconomic cycles in China. China should accelerate the construction of a complete macro-prudential supervision framework which covers commercial banks, securities firms, insurance companies and investment funds in order to enhance the stability of financial system and promote healthy economic development.

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2014 Seventh International Joint Conference on Computational Sciences and Optimization

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