中外影子银 行的基本现状与分析.docxVIP

必威体育精装版整理资料 文档精选合集 必威体育精装版整理资料 文档精选合集 International Journal of Economics, Finance and Management Sciences 2015; 3(5): 635-640 Published online November 20, 2015 \h (/j/ijefm) doi: 10.11648/j.ijefm39 ISSN: 2326-9553 (Print); ISSN: 2326-9561 (Online) The Basic Situation and Analysis of Shadow Banking in China and Foreign Countries Zhang Hao Economics School, Shanghai University, Shanghai, China Email address: \h zhangles_90@126.com To cite this article: Zhang Hao. The Basic Situation and Analysis of Shadow Banking in China and Foreign Countries. International Journal of Economics, Finance and Management Sciences. Vol. 3, No. 5, 2015, pp. 635-640. doi: 10.11648/j.ijefm39 Abstract: Shadow banking was first put forward by Mc Cully, the executive director of Pacific Investment Management Company, in the Feds annual meeting in 2007, which he defines shadow banking as a kind of financial entities that divorced from the traditional banking system, almost unregulated or less regulated. Since then, the concept of shadow banking spread rapidly worldwide, and has been widely cited and elucidated. At the same time, shadow banking has become an increasingly important objective existence in China. Although the scale of shadow banking is still far smaller than the traditional system, but the development of shadow banking in China is fast, and the social influence is widespread. Therefore, on the basis of studying the history and current situation of the shadow banking around the world, this paper analyzes the Chinese shadow banking system. Keywords: Shadow Banking, Interest Rate Marketization, Currency Liquidity 中外影子银行的基本现状与分析 张昊 经济学院，上海大学，上海，中国 邮箱 \h zhangles_90@126.com 摘要：影子银行的说法最早由美国太平洋投资管理公司的执行董事麦卡利在2007年的美联储年度会议上提出，他定义影子银行为游离于传统银行体系之外的，几乎不受监管或受较少监管的金融实体。此后，影子银行的概念在全球范围内迅速传播，被广泛地引用和阐发。影子银行在中国也变成越来越重要的客观存在，虽然规模与银行体系相比还相去甚远，但中国影子银行发展速度迅速，社会影响面广泛。因此本文在研究世界范围内影子银行发展历程与现状的基础上，对中国的影子银行体系进行了分析。 关键词：影子银行，利率市场化，货币流动性 1.引言 流动性松紧的判断，以新增商业银行信贷量作为衡量社会整体货币环境宽松度的传统指标，但由于经济的