中国影子银行体系:规模、风险与监管——非传统信贷融资的视角
文章摘要:影子银行是一个涉及产品、机构和市场的动态而复杂的三维体系,通常泛指传统商业银行体系之外的信用主体和业务活动,其最为基本的功能是期限转换、流动性转换以及信用风险转换。国内研究对影子银行的界定形成“监管说”、“风险说”和“非传统信用说”三个框架。本研究基于非传统信用的视角,估算中国的广义影子银行体系规模约为27万亿元,占银行业全部资产的比重约为19%。然而,影子银行体系的规模仅仅是中国金融体系系统性风险的一个层面。更为重要的是,在银行主导的金... 展开
Abstract:Shadow banking system is a dynamic and complex three-dimensional institution combining products,institutions and markets. It broadly refers to the credit intermediation involving entities and activities outside the regular banking system. Its most basic function is the maturity transformation,liquidity transformation and credit risk transformation. There are three research frameworks of shadow banking in domestic study,which are ba... 展开