我国系统性金融风险的基本特征及其治理机制

Basic Characteristics and Governance Mechanism of Systemic Financial Risk in China

如何有效识别系统性风险隐患、探索科学的治理机制,守住不发生系统性金融风险的底线,成为现阶段我国金融体系面临的重要挑战。文章系统梳理了国内外学者对于系统性风险成因与治理机理的相关研究,在此基础上结合定性与定量的研究方法,重点分析当前我国系统性金融风险的基本特征。最后针对我国的系统性风险隐患,从弱化风险传染机制,健全宏观审慎监管工具,加强杠杆率监管,降低金融机构同质性四个方面阐述我国金融系统性风险的治理机制。

How to effectively identify potential systemic risks,further to carry out scientific risk governance mechanism before the outbreak of the risk has become important challenges facing the financial system in China at present stage.The article systematically combs the related research about the financial,systemic risk causes and governance mechanism from domestic and foreign scholars,on which basis,combines qualitative and quantitative research methods,analyzes the basic characteristics of current financial systemic risk in China.Finally,.based on the potential systemic risks in China,from weakening risk transmission mechanism,improving the macro-prndential regulation tools, strengthening the supervision of leverage and reducing homogeneity of financial institutions, the author expends the governance mechanism of financial systemic risk from above four aspects in China.