摘要
为探讨商业银行资产证券化行为产生的金融风险及相应监管建议,从商业银行资产证券化行为入手,在微观层次上,分析其对单个银行风险水平影响,在宏观层次上,分析其对金融市场流动性风险产生的影响。研究表明:商业银行资产证券化行为降低银行信贷监督水平,增强风险承担意愿,给单个银行的风险水平带来负面影响;商业银行资产证券化行为产生流动性扩张机制,当外部冲击使投资者信心下降时,金融市场表现为流动性骤然波动;当外部冲击到来时,次级投资者将先陷入混乱,威胁金融稳定,甚至会传染至整个经济体系。最后,给出相应监管建议。
In this paper, the main purpose of the study was doing a research on negative effects of asset securitization and the corresponding regulatory proposals. On one hand, the behavior distortions of assets securitization have some effects on individual bank risk level, on the other hand, liquidity shock which is caused by asset securitization shocks impact on financial stability. Finally, according to the combination with macro and micro analysis, the suggestions of asset securitization supervision and pilot work were given.
出处
《金融理论与实践》
北大核心
2016年第8期30-35,共6页
Financial Theory and Practice
关键词
资产证券化
行为风险
金融监管
asset securitization
behavior risk
financial supervision
