Study On Shadow Banks Form Evolution And Its Impact On The Real Economy

After the subprime crisis, financial financing tool shadow banks this innovation has attracted wide attention of scholars at home and abroad, and is thought to be the main cause of the subprime crisis, the shadow banking in a blank area of regulation, less regulated or unregulated, and the lower the threshold, flexible financing, more in line with the actual financing needs of SMEs enterprise, so in a short period of rapid development, the rapid expansion of the scale. Shadow banks to solve the financing difficulties in a certain extent, promoted the development of real economy. However, in the economic prosperity also implies a great risk, non normal expansion of shadow bank scale should be paid attention to, the shadow banking has a maturity mismatch, high risk, high interest rates and less regulated by characteristic, these have brought potential risks to the real economy, once a part of a problem, the risk will transfer to the next link, and ultimately affect the stability of the entire financial system, thereby affecting the sustainable development of the real economy. China’s shadow banking is currently in the initial stage of development, but the shadow banking through the flexible way have been infiltrated into all aspects of life and economy, its size cannot be underestimated, which must be paid more attention, so the study of morphological evolution of shadow banks and its impact on the real economy has important theoretical and practical significance.This paper first describes the research background and significance, the domestic and foreign related research status are reviewed, introduced the related theory of shadow banks, elaborated on the basis of morphological evolution and the present situation of shadow banks, mainly from home and abroad are described respectively the shadow banking form evolution process and introduces its present situation. Qualitative analysis of the impact of shadow banks on the real economy in China, analyzes the shadow banking hand helps to solve the financing difficulties of small and medium enterprises, promoting economic growth, providing the direction for the financial industry to further improve the traditional financial institutions, stimulate the potential service ability, on the other hand, may affect the stability of the financial system, the effectiveness of the impact of monetary policy, is not conducive to the development of real economy. Then analyzed the empirical research design and empirical research on the shadow banks and the real economy in China development, specifically including the construction of the research hypothesis, the choice of variables, sample selection and model, the use of do the descriptive statistics and regression analysis on selected samples of SPSS software, finally obtains the results of regression results and analysis. Finally summed up the conclusion and suggestion of this paper’s research, and put forward the development process of China’s shadow banks suggestions according to the research results.