摘要
后金融危机时代,系统性风险的治理和宏观审慎监管成为近年来国际金融变革的重心,美国、英国、欧盟等发达经济体以及主要国际金融组织纷纷出台金融监管改革方案和措施。本文从金融市场失灵、行为金融学理论、复杂网络理论3个角度剖析系统性风险的产生机理,并对国际金融监管改革动态进行系统梳理,最后立足于国内现实环境分析我国金融体系面临的系统性风险,提出了具体的金融监管改革建议。
The management of systemic risk and macro prudential supervision become the focus of international financial regulatory reform in the post-crisis era. Developed economies such as the United States, the United Kingdom, the European U- nion, as well as the major international financial institutions have introduced financial regulatory reform plans and measures. This paper analyzes the generating mechanism of systemic risk from the perspective of market failure, behavioral finance theory, com- plex network theory, and systematically combs the trend of the international financial regulatory reform, finally we analyze the systemic risk of the financial system in our country and propose concrete suggestions on financial regulatory reform based on the domestic realistic environment.
出处
《经济体制改革》
CSSCI
北大核心
2015年第6期152-157,共6页
Reform of Economic System
基金
教育部人文社会科学研究规划基金项目"国际金融风险传染的微观机制与微观经济特征研究"(14YJA790025)
国家自然科学基金项目"投资者异质性条件下基于人工金融市场的监管政策模拟研究"(71001036)
国家自然科学基金项目"国际金融市场联动与风险传染的微观机制及其模拟研究"(71473081)
湖南省研究生科研创新基金项目"后危机时代金融系统性风险的多维度测度及风险治理研究"(CX2015B146)
关键词
系统性风险
金融监管
复杂网络
行为金融学
systemic risk
financial supervision
macro prudential supervision
behavioral finance
