从美国次贷危机看金融创新过程中信用创造的缺陷

On Defections of Credit Creation in Financial Innovation Process in Subprime Crisis

次贷危机给全球经济带来了灾难性的影响,其根本原因在于金融创新参与了信用创造过程。本研究通过对次贷危机发生的原因和过程以及基于金融创新下的信用创造的分析,并通过"影子银行"与传统银行的对比分析,揭示当代金融监管的缺陷,从而提出针对金融创新的监管建议。

The sub-prime crisis paralyzed the global economy, the essential reason being financial innovation which changed the traditional credit creation. Through the study of the reason and process of sub-prime crisis, we analyzed the influences of financial innovation to credit creation. Meanwhile, by compare the difference between the ＂shadow bank＂ and traditional commercial bank, the defect of current financial regulation and proposal was presented.