基于最优资本监管模型的中国影子银行监管分析

Research on China's Shadow Banking Regulatory based on the Optimal Capital Regulation Model

基于Guillaume Plantin(2014)构建的最优资本监管模型并扩展引入社会投资总效用进行分析,结合中国影子银行影响因素的2003—2013年月度数据进行实证研究得出,影子银行的发展有逆监管周期效应,对传统银行放宽资本监管,正确规范和引导影子银行,可以在防范系统性风险的同时发挥影子银行的积极作用。

Combining with Guillaume Plantin（2014） who had build the optimal capital regulation model, through the various factors which affecting China＇s shadow banking with Social investment total utility, do empirical research with monthly data from 2003 to 2013. We find out that the development of the shadow banking has an inverse cycle regulation effect, we can prevent systemic risk and shadow banking can play the positive role alone with the traditional bank relaxing capital regulation, and with the right standard and guidance.