金融体系脆弱性来源研究  

Research on the Source of China's Financial Fragility

作　　者：岳娟丽 程启智[2] 管鸿禧 Yue Juanli;Cheng Qizhi;Guan Hongxi(School of Economic and Trade,Hebei GEO University,Shijiazhuang 050031,China;School of Economics,Zhongnan University of Economics and Law,Wuhan 430073,China;Development Research Center,Bank of Hebei Co.,Ltd.,Beijing 100033,China)

机构地区：[1]河北地质大学经贸学院,河北石家庄050031 [2]中南财经政法大学经济学院,湖北武汉430073 [3]河北银行股份有限公司发展研究中心,北京100033

出　　处：《河北经贸大学学报》2018年第3期55-64,共10页Journal of Hebei University of Economics and Business

基　　金：河北省社会科学基金项目(HB17YJ030)

摘　　要：作为"国家重要核心竞争力"的金融体系,其脆弱性来源及特征越来越受到政府和监管部门的重视。防范发生系统性金融风险,需要探寻金融脆弱性来源。以现有金融脆弱性来源理论为基础,把金融脆弱性来源归纳为实体经济债务膨胀、金融机构风险、金融市场风险、国际贸易与跨国冲击、宏观经济波动等五个维度,分析脆弱性来源的相对水平与累积以及脆弱性来源的关联支撑效应,可为防范发生系统性金融风险的政策研究制定提供参考。As the financial system of"national important core competitiveness",China's government and regulatory authorities pay more and more attention to the financial fragility characteristic.To reduce financial fragility and prevent systemic financial risk requires the guidance of financial fragility source.Based on the existing financial fragility source theories,this paper put forward five dimensions of financial fragility sources,which are real economy debt expansion,financial institutions risk,financial market risk,international trade and international impact and macroeconomic volatility.Further research analyzing the relative levels,accumulation,and associated supporting effect of fragility sources can provide reference for China's policy and formulation research to prevent systemic financial risks.

关 键 词：金融体系 防范系统性金融风险 金融脆弱性来源 

分 类 号：F831.59[经济管理—金融学]