金融监管对防范系统性金融风险影响研究  

Study on the Influence of Financial Regulation on Preventing Systemic Financial Risk

作　　者：左晓慧[1] 刘思远 ZUO Xiao-hui;LIU Si-yuan(School of Finance,Anhui University of Finance and Economics,Anhui Bengbu 233000)

机构地区：[1]安徽财经大学金融学院,安徽蚌埠233000

出　　处：《经济问题》2021年第7期55-61,119,共8页On Economic Problems

基　　金：安徽省高校社会科学规划重点项目“安徽省精准扶贫绩效评价研究”(SK2020A0016);安徽财经大学研究生科研创新基金项目“金融科技、金融监管与系统性金融风险防范”(ACYC2020152)。

摘　　要：在守住不发生系统性金融风险的政策要求下,金融监管当局应如何有效防范化解系统性金融风险对金融安全、金融稳定及金融发展具有重要意义。基于防范系统性金融风险的视角,通过选取四维指标变量用以构建系统性金融风险指标体系,使用主成分分析法确定各维度权重并通过降维合成为系统性金融风险综合变量,使度量系统性金融风险的指标体系更加科学、合理。再通过省级面板门槛回归模型及金融监管协同度测度,实证探讨分析我国31个省级(不含港、澳、台)金融监管对防范系统性金融风险的作用效应及金融监管系统的协同度,并根据实证研究结论提出优化金融监管相关措施的可行性建议。研究结论和建议对商业银行系统性金融风险防范具有重要借鉴作用。Under the policy requirement of preventing the occurrence of systemic financial risks,how should financial regulatory authorities effectively prevent and resolve systemic financial risks is of great significance to financial security,financial stability and financial development.Based on the perspective of preventing systemic financial risks,the index system of systemic financial risk constructed by selecting four-dimensional index variables,and the weight of each dimension determined by using principal component analysis and synthesized into comprehensive variables of systemic financial risk through dimensional reduction,so that the index system of measuring systemic financial risks more scientific and reasonable.By provincial panel threshold regression model and the degree of financial regulation coordination measure to explore China’s 31 provincial(excluding Hong Kong,Macao and Taiwan)the effect of financial supervision on preventing systemic financial risks and the degree of financial supervision system,according to the conclusion of empirical research the author puts forward some feasible suggestions to optimize the financial supervision measures.The conclusions and suggestions can be used for reference in the prevention of systemic financial risks of commercial banks.

关 键 词：金融监管 系统性金融风险 面板门槛 协同度 

分 类 号：F830[经济管理—金融学]