analysis of financial fragility theory and the analysis of banks bad loans _ the development of networks（分析金融脆弱性理论和分析银行的不良贷款_网络的发展）.docVIP

Analysis of financial fragility theory and the analysis of banks’ bad loans _ the development of networks Write papers network: Abstract: China’s financial system run mainly based on indirect finance, bank in the entire financial system account for a large proportion of financial fragility is a major factor in bad loans, the study of financial fragility and the development of banks’ bad loans have major implications. This paper introduces the concept of financial fragility, and then the theory of financial fragility of banks’ bad loans, research and development of a brief overview. Paper Keywords:: vulnerability; non-performing loans; herd behavior theory First, the concept of financial fragility Fragility fragility) is a fragile form of the noun, the English interpretation is easily damaged or broken, delicate, not strong and healthy, weak. Literature in the West ‘financial fragility’ is generally used financial fragility. By the Minsky, Hyman P. (1964} 1995) and other literature, we can conclude that the definition of financial fragility: the financial industry, the inherent characteristics of high-debt business vulnerable to the financial sector regulatory oversight, moral hazard, the economic cycle fluctuations, changes in domestic and international economic environment impact led to the financial crisis, debt crisis, corporate bankruptcy, rising prices, or deflation, unemployment, etc. of a character. Minsky, Hyman P. of financial fragility made the following two assumptions: production growth has led to accelerated growth in corporate debt, in order to further expand production, at the same time, the expansion of bank credit demand loan, due to the high economic growth period , a large number of speculative borrowing increases, the strong financial (robust) deterioration, leading to a vulnerability, which is Minsky, Hy-manP. (1964,1995) on the financial fragility of the first assumption. Debt payment difficulties and lead to instability of the f