结构性货币政策对系统性金融风险的动态影响研究

• 作者： 赵巍 ¹ 刘雨琪 ¹
• 作者单位：
  1.  中国邮政集团有限公司培训中心
• 发布时间：2024-10-21

摘要: 近年来，有效防范化解金融风险牢牢守住不发生系统性金融风险底线成为我国金融工作的关键。现有文献充分探讨了传统货币政策对金融风险的影响，但研究的视角大多局限于对银行风险承担的影响，而对系统性金融风险的研究还不够深入。基于此，本文对现有的文献成果和理论基础进行了梳理，最终选用TVP-VAR模型检验结构型货币政策对系统性金融风险的动态冲击。研究表明：结构性货币政策工具对系统性金融风险造成了一定程度的冲击，但不同工具的影响特征各异。因此，本文结合研究结果对中央银行合理运用结构性货币政策工具提供相关建议，以供参考。

Abstract: In recent years, effectively preventing and defusing financial risks and firmly guarding against the occurrence of systemic fi nancial risks have become key tasks in China's fi nancial work. The existing research has fully explored the impact of traditional monetary policies on fi nancial risks and the research focus is mainly on the impact of bank risk-taking. The research on systemic fi nancial risks still has much potential. Based on the above background, this paper analyzes existing literature achievements and theoretical foundations. Finally, the TVP-VAR model is chosen to test the dynamic impact of structural monetary policy on systemic fi nancial risks. The research indicates that structural monetary policy tools have had a certain impact on systemic financial risks, but the characteristics of the impact vary across diff erent tools. Therefore, this paper provides relevant suggestions for the central bank's rational use of structural monetary policy tools based on the research results, for reference.

• 分类： 应用经济学 >> 金融学
• 稿件状态： 已在期刊出版
期刊名称： 《中国商论》 2024年 第5期
• 引用： PSSXiv:202410.01820 (或此版本 PSSXiv:202410.01820V1)
  DOI:10.19699/j.cnki.issn2096-0298.2024.05.106
  CSTR:32012.36.PSSXiv202410.01820
• 推荐引用方式： 赵巍,刘雨琪.结构性货币政策对系统性金融风险的动态影响研究.中国商论,2024(5).[DOI:10.19699/j.cnki.issn2096-0298.2024.05.106] (点此复制)