国外信用风险转移市场宏观作用理论研究

A Survey of Theoretical Studies on Macro-function of Credit Risk Transfer Market

本文按信用风险转移市场的作用和目标将相关文献分为:对可贷资金量和货币政策操作、金融监管、金融市场、金融系统稳定及社会效益的影响四类,进而对"信用风险转移市场宏观作用及影响"进行综述分析。从而发现,学术界普遍认为信用风险转移市场的快速发展必将对金融领域产生深远的影响,信用风险转移市场改变了金融领域信用风险管理思路。最后,结合所综述的文献,提出一些关于信用风险转移的观点。

This essay divides the related literature into different categories by the target and function of CRT market: the loan funds and the operation of monetary policy,financial regulation,financial market,the stability of financial system and social benefits. It then summarizes the documents on the function and impact of CRT market at the macroscopic level and comes to the conclusion that the rapid development of CRT market which is to change the credit risk management methods will definitely have a profound effect on finance field. Finally,combining with the documents summed up,this paper comes up with some points on credit risk transfer.