银行业宏观审慎监管研究的新思路  

A New Approach to Study the Macro-prudential Banking Regulation

作　　者：谢平 邹传伟[2] 

机构地区：[1]中国投资公司 [2]特华博士后科研工作站

出　　处：《金融监管研究》2013年第8期1-20,共20页Financial Regulation Research

摘　　要：本文根据从下向上的方法以及金融外部性的分析框架,提出了一个银行业宏观审慎监管研究的新理论思路。该思路说明,宏观审慎监管和微观审慎监管的区别不在于监管工具,而在于对监管标准的把握。该思路不仅有助于解释目前已推出的主要的银行宏观审慎监管措施,而且也能用来开发新的宏观审慎监管工具。Based on a bottom-up approach and the framework of financial externalities, this paper proposes a new approach to study the fundamental theory of macro-pnldential banking regulation. With this approach, we show that the key difference between macro-prudential and micro-prudential regulation is not which regulatory tools they employ, but how to fine-tune regulatory standards on both cross-sectional and time dimensions. This approach not only helps justify existing macro-prudential regulatory measures, but can also be used in devising new macro-pru- dential regulatory measures.

关 键 词：宏观审慎监管 微观审慎监管 外部性 

分 类 号：F832.1[经济管理—金融学]