从次贷危 机看机构去杠杆化的金融风险.docVIP

从次贷危机看机构去杠杆化的金融风险 顾弦 摘要：本文首先从次贷危机传导过程中机构去杠杆化的作用出发，分析了各机构近年来经营杠杆的变化情况及危机后去杠杆化的现状、途径、困境及影响，并与中国金融机构的经营杠杆进行对比，最后分析全球去杠杆化对中国等新兴市场的影响并提出相关政策建议。 关键词：次贷危机 金融机构 经营杠杆 去杠杆化 The financial risk of institutions’ deleveraging --from the subprime crisis perspective Gu xian Abstract: The paper first reviews the institutions’ deleveraging effects in the transmission of subprime crisis, then analyzes the changes in institutions’ operation leverage these years and the situation, approaches, difficulties and influences of deleveraging after the crisis, also then contrasts with the Chinese financial institut