金融体系与实体经济之间传导渠道的文献综评

A Survey of the Literature About the Transmission Channels Between the Financial and Real Sectors

金融系统通过将资源配置到不同的实体经济部门,影响实体经济的发展;金融系统的动荡也会通过不同途径将动荡传导到实体经济。同时,实体经济的发展也会影响金融系统自身的稳定和健康发展。金融系统与实体经济之间存在相互作用的传导渠道。目前理论研究证明,金融系统和实体经济之间存在三种传导渠道:借款人资产负债表渠道、银行资产负债表渠道和流动性渠道。这些渠道相互作用,导致金融系统和实体经济之间相互影响。

The financial system influences the development of the real economy by allocating resources to different real economy. The volatility in financial system will also conduct turmoil to the real economy through various channels. At the same time, the development of the real economy will also affect the stability and healthy development of the financial system. The interaction between the financial system and the real economy exist various transmission channels. The current theoretical research has proved that between the real economy and the financial system have three kinds of transmission channels. The borrower balance sheet channel, Bank balance sheets the channel and liquidity channel. Interaction between these.