金融加杠杆形成机理与去杠杆对策研究——基于银行视角的分析

Research on Mechanism of Financial Leverage and Countermeasure of Deleverage——from the Perspective of Banking

文章详细梳理了金融杠杆相关研究资料,分析了金融加杠杆的主要表现,从银行视角和货币政策传导路径深入研究了金融加杠杆形成机理。针对性提出金融去杠杆的建议,即保持货币政策稳健中性,加强金融监管协调,多渠道补充金融机构资本,坚持金融服务实体经济宗旨,增强企业创新和盈利能力,从根源上避免经济"脱实向虚"倾向,从而妥善化解金融高杠杆风险。

This paper combines related data of financial leverage, analyzes the main performance of financial leverage and studies the formation mechanism of financial leverage from the perspective of banking and monetary policy transmission path. The paper puts forward following financial deleveraging proposals that maintains a prudent neutral monetary policy, strengthens financial supervision and coordination, provides more channels to supplement the capital of financial institutions, adheres financial services to the real economy and enhances innovation and profitability, to avoid economic off the real to the imaginary tendency from the source and properly resolve financial leverage risk.