中国银行业面临的金融压力及其传导机制分析-analysis of financial pressure and transmission mechanism faced by chinese banking industry.docxVIP

Ab Abstract II II China’s Banking Industry’s Financial Pressure and Its Transmission Mechanism Research ABSTRACT With Chinas accession to the WTO, the process of economic reform continues to deepen, the pace of financial reform continues to accelerate, the whole financial system is in a dramatically changing period, and various losses, risks and uncertainties in the financial markets have increased. In our country, there is no real financial crisis, but the potential crisis exists, this potential crisis is Chinas financial markets’ facing financial pressure, so analyze issues on Chinas financial markets’ financial pressure has important practical meaning. Since banking is in a core position in Chinas economic and financial system, this thesis focuses on Chinas banking financial pressure, and further explored its transmission mechanism and effect in financial markets and macroeconomic. This is a meaningful research topic. It provides a new theoretical basis to guard against financial risk. This thesis based on the related research at home and abroad. First of all, choose a reasonable indicator data on Chinas actual situation, and construct Chinas four major financial markets’ financial pressure index, and analyze Chinas financial market situation, the results are: Chinas banking financial pressure has a upward trend, the trend of bond and stock market’s financial pressure line are similar to the banking, the fluctuations of the foreign exchange market financial pressure line is not similar to the other three. Second, use Geweke decomposition test methods to analyze banking financial stress’s conduction mechanism in financial markets. The main conclusions are: there exists significant two-way causality between banking and bond markets’ financial pressure, the immediate causality feedback share accounts for 79.14%, which means banking financial pressure can be transmitted to bond market in short term; there also exists significant two-way causality between banking and