金融结构、系统脆弱性和金融监管

本文将构建一个研究金融体系的结构性特征及其与金融稳定性关系的分析框架。该框架试图通过检验金融体系的结构性变化来解释金融体系的脆弱性,分析金融体系结构发生变化的动因,从而探索金融体系内生不稳定性的起源。同时,本文通过该框架论述了金融规制和金融监管在维护金融稳定方面起到的重要作用。

This paper constructs an analytical framework to examine the structural characteristics of financial systems and their relationship with financial stability. This framework analyzes systemic fragility by examining structural changes in the financial system. It seeks to explain why some financial systems are more unstable and prone to crisis than others, and why the fragility of the same financial system seems to rise or fall as time passes and the structure of that system changes. This framework also sheds light on the important role of financial regulation and supervision in maintaining financial stability.