风险防范视野的金融体系缓释周期及对策催生  

Financial System Pro-cyclicality in a Risk Prevention Vision and Its Strategies

作　　者：肖崎[1] 

机构地区：[1]华南理工大学经济与贸易学院,广东广州510006

出　　处：《改革》2011年第7期64-70,共7页Reform

基　　金：教育部人文社会科学研究一般项目"金融体系顺周期特征与系统性风险管理"(批准号:09YJC790094));广东省哲学社会科学"十一五"规划项目"全球金融周期新特征与中国金融稳定框架研究"(批准号:09GD-01)

摘　　要：金融体系具有内在的亲周期性,在与实体经济相互作用下,容易放大经济的周期性波动。金融体系的发展催生和加剧亲周期性,进而对宏观经济和金融体系稳定性的影响增强,甚至可能引发系统性金融危机。应全面认识现代金融体系下亲周期问题产生的原因,建立缓释亲周期性、防范系统性风险的金融稳定框架。Financial systems are inherent pro-cyclical. Under the interaction with real sector, it is easy to amplify periodic fluctuation in the real economy. The development of financial system can aggravate the pro-cyclicality, which can affect the stability of macroeconomy and financial system, even leading to systemic financial crisis. Thus, we should fully understand the causes of pro-cyclicality in the modern financial system, and establish the corresponding financial stabilizing framework to mitigate proeyclicality and prevent systemic risk.

关 键 词：金融体系 周期性波动 金融风险防范 

分 类 号：F832.1[经济管理—金融学]