Studies On Effects Of Shadow Banking’s Fluidi And Financial Stability In China

Since the outbreak of the international financial crisis, the shadow banking sector like bamboo shoots after a spring rain China, began the rapid rise. Different from the commercial bank, the shadow banking through the transfer of assets and securitization operation, in the past few years provides a large number of loan funds and revitalize the liquidity of the capital market. This is a kind of generalized liquidity expansion, was born in the financial market, playing an important role to revitalize the stock of credit assets and improve the efficiency of the allocation of financial resources. However, since the emergence of shadow banking, the defects are included:low capital ratio, non regulatory state, maturity mismatch and high leverage take professional requirements. The possibility of systemic risk and potential is to touch the bottom line of the whole financial system. Towards the above problems, the article is discussed in a prudent and dialectical attitude from the front of the shadow banking sector liquidity Chinese the creation process and the impact on the real economy. From the opposite side of the lack of supervision, management of the shadow banking sector leverage the objective existence of the business risks and external financial influence, and based on the time and environment pointed out that both the positive and negative effects of conversion of the dimension is not constant, the influence of different period of time, scale, economic environment showed the trend may be different. This article chooses relevant economic indicators of China from2002-2014years of as the research sample. Constructing the analysis model to research the effects on the shadow banking Chinese liquidity creation, self stability and the stability of commercial banks, respectively from two angles of qualitative and quantitative arguments are reviewed. The study found:(1) The shadow banks can create high liquidity Through endogenous money and the effects on the real economy, there is a positive relationship between long and GDP, but the effect in the short term there may be greater volatility, and even the formation of a certain negative impact.(2) The shadow banking market financing channels, to promote economic development and at the same time, because of its endogenous maturity mismatch and high leverage, also exposed a great operational risk. The study found that, compared with the shadow banking of commercial banks, inherent drawbacks make it more vulnerable to the adverse environmental impact of the market.(3) In addition to the internal risk, system risk shadow banks may also have infinite zoom in to the outside, the normal development of other financial crisis in the industry and the whole financial market, reflects its double-edged sword attribute. The most significant of the shadow banking, which make up the deficiency of credit and liquidity in the banking system, but also the inevitable and commercial banks exist between the fierce competition, the scale of shadow banking is low, can promote the stability of the banking industry, but when its size exceeds the threshold, the stability of the banking industry will be a challenge.The research conclusion will help us take a dialectical view of the shadow banking of negative impact and positive impact, and to encourage the government to guide from the two aspects of institutional constraints and market to strengthen the regulation of the shadow banking system. Including the strengthening of the liquidity management of the shadow banking, slow down the procyclical characteristics of shadow banks, according to the different functions to implement differentiated supervision, accelerate the market of interest rate.