银行脆弱性的理论基础与主要影响成因——基于我国中央银行“缩表”的视角

The Theoretical Basis of Banking Fragility and Its Main Influencing Factors——Based on the Perspective of the China's Central Bank Shrink Its Balance Sheet

现阶段,我国以间接融资为主,银行体系仍然在金融体系内占据主体地位。银行体系先天性的脆弱性可能导致系统性金融风险的发生。本文主要研究银行脆弱性状况及其成因,重点研究现阶段银行脆弱性在我国的主要表现形式和成因,从我国中央银行"缩表"的视角来分析如何通过央行减少基础货币供给,对冲商业银行脆弱性,并就央行如何用"缩表"对冲商业银行体系的脆弱性提出相关政策建议。

At this stage, China＇s capital market is dominated by indirect financing, The banking system still occupies the dominant position in the financial system. However, the fragility of the banking system may lead to systemic financial risks. This paper focuses on the fragility of banks and its causes, mainly studies the main forms and causes of bank fragility in China at the present stage, and How to reduce the supply of basic money from the perspective of the central bank shrink balance sheet, to hedge the fragility of commercial hanks, and put forward relevant suggestions.