| I The background and meaning for choosing the topicThe financial stability means that while the currency is required to be stable, the financial institution, the financial market and the basic financial facilities, all of which compose the financial system, can work normally, and can correctly estimate, keep away and solve the financial risk. The financial stability is a dynamic process that is based on anticipation, and dependent on the common effects of numerous factors. It is also the condition in which the financial system can effectively display its vital function.The financial stability is unceasingly developing along with the changes of the international situations of economy and finance, while the changes of the international situations of economy and finance also affect the financial stability, and entrust the financial stability with the connotation standard in different stage and different time. Since 16th National Congress of Communist Party of China, the central committee has proposed the scientific development view, and the requirement of realizing the sustainable development of the national economy and establishing harmonious society. This has entrusted the financial stability with the new connotation. During the new time, the financial stability is the embodiment of the scientific development view in the financial reform and its development field, and to maintain the financial stability is the inevitably requirement of carrying out scientific development view and realizing the comprehensive, coordinated, and sustainable national economy. The financial stability is the foundation of constructing harmonious finance, and the harmonious finance is a quite important part of constructing harmonious society. Therefore, to maintain the financial stability has extremely important practical significance.To maintain the financial stability is how to keep away and solve the financial risk. Since the 1990s, the step of the economical financial globalization has sped up, and the financial innovation has obtained the unprecedented development. Those have brought the vigor and the prosperity for both the traditional financial industry and the financial market, and enhanced the financial efficiency. However, simultaneously those produced the massive financial risk. The financial crisis of South America, Southeast Asia has created the huge economic loss, also has initiated political and social crisis. The result of Barry Eichengreen and Baldur's study indicates that the probability of the financial crisis at present is two times of that in 1973. The frequent eruption of the financial crisis and its huge influence on economy urge the international organization and the various countries' Central Bank to pay much attention to maintaining the stability of the financial system.The Central Bank has the natural function and the legal function of maintaining the financial stability. The goal of Central Bank is to maintain the currency value to be stable, and promote the national economy to develop coordinately on this foundation. As a bank of issuing currency, the Central Bank is the legal currency publisher, and has the responsibility of maintaining the stability of the currency value. The Central Bank is the bank of other banks, so to maintain and supervise the payment system, to undertake the service of paying and liquidating among banks, to guarantee smooth movement of the payment system, and to maintain stabilization become the methods that the Central Bank uses to maintain the financial stability. The Central Bank has the function of "the final lender". During the financial crisis, the Central Bank can take saving measures, pour into the fluidity for the financial institution or the financial market, and maintain the finance to be stable. As the national bank, the Central Bank is undertaking significant responsibility of maintaining economic and political security, and promoting economy development. Each countrys' law entrusts its Central Bank with the legal function of maintaining the financial stability. Therefore, on the basis that the Central Bank displays traditional function, to maintain the financial stability has become the Central Bank's core function at present.To maintain the financial stability is a complex integrated system, so what frame of maintaining the financial stability does the Central Bank establish? How to analyze and monitor the financial stability, and to take measures? What coordinated mechanism of the financial stability should be established? All of these problems have been being in the process of exploring, both in the theory and in the practice. In 2003, the People's Bank of China established the legal function of maintaining the finance stability. This paper is precisely conducting the research to the above questions in such background and the precondition. This paper has the extremely important practical significance for better displaying the function of maintaining financial stability.II Guiding ideology and research technique of the paperThis paper take the Marxism, Mao Zedong Thought, Deng Xiaoping Theory and "three representatives" Thought as the instruction. According to requirements of the scientific development view and the establishment of the harmonious society, referring to the international and domestic attention to maintaining the financial stability, on the basis of the reality that the People's Bank of China is in the exploration process of maintaining the financial stability, by studying the frame that is internationally used to maintain the financial stability, connecting with practice of the People's Bank of China in recent years, with the comparison method, this paper has analyzed the establishment the frame, the operation mechanism, the methods of analyzing and monitoring of maintaining the financial stability, proposed the frame, the coordinated mechanism, the movement mechanism, the measures for crisis and the existence main problems for the People's Bank of China, and given the constructive comments for maintaining the financial stability in the future.During the process of studying financial stability and the function of the Central Bank, this paper has used the method of connecting the standard analysis with the real diagnosis analysis, utilized the financial risk early warning theory, the financial coordination mechanism theory, the final lender theory etc., and analyzed the financial stability and the function of the Central Bank. The stable frame, the movement mechanism, and the coordinated mechanism to maintain the financial stability for the People's Bank of china, as well as the answering measures are introduced here.Specific methods for researching are below: i Connecting the standard analysis with the real diagnosis analysis. In the standard analysis, using the induction integration, this paper has carried on the analysis and summary to the international main effect factors of the financial stability development. In the real diagnosis analysis, connecting the system analysis with the case analysis, this paper analyzes the basic maintaining the financial stability frame of the central Bank in the countries where the work of maintaining the financial stability was started earlier, and conduct the real diagnosis research in the work of maintaining the financial stability for the People's Bank of China in recent years.ii Utilizing the comparative analysis method. Taking the Central Banks of the representative countries, such as England, EU, America, Japan etc as the research objects, this paper has carried on systematic analysis and comparison to maintaining the finance stability.iii Using the basic principles of economics, statistics etc, and the related model, this paper has carried on the research on the establishment the analyzing frame of financial stability.III Main ContentsBeginning from analyzing the financial stability, this paper has comprehensively analyzed the influence and requirement of the international and the domestic economical financial development on financial stability, and illustrated that the financial stability is the important content for constructing harmonious society and the inevitably request for carrying out the scientific development view. Carry on systematic analysis to the financial market, which is the main factor of affecting the financial stability. Emphasize the influence of systematic risk on the financial stability. In the process of keeping away and solving the systematic risk, the Central Bank is at the core position, and has played the vital role in the process of maintaining the financial stability. To maintain the financial stability has become the core function of the Central Bank now. The key point of this paper is to analyze the establishment the frame of maintaining the financial stability, analyze the methods of monitoring and the measures, give proposals to maintain the financial stability for our country's Central Bank.This text is divided into seven parts.Chapter 1: This part discussed the background for the research, the basic definition of financial stability and its connotation, analyzed successful experience and reasons and lessons from financial unsteady.Chapter 2: This part discussed that under our country's realistic situation, new financial stable view, namely the financial stability is an important component to set up harmonious society and the inevitable requirement of carrying out scientific development view. It analyzed the relationship among financial stability, development, creative and competition, made basic judgement to our country's financial stable condition.Chapter 3: This part analyzed the main factor affecting financial stability-financial market system. Throughout the analysis of risks among internal and international money market, foreign exchange market and capital market, the intersected financial market previously has been formed as a whole and interacted each other. Keeping away systematic risk is vital for maintaining financial stability.Chapter 4: Throughout drawing lessons from supervision framework of England, the United States, EU, and Hong Kong, this part analyzed the effects of development of financial supervision to the financial stability, at the same time, it investigated the financial supervision of our country at present. In the whole financial supervision framework, People's Bank of China is placed in the core position, to whole finance' the stability has got the decisive function.Chapter 5: This part expatiated the core function of People's Bank of China which is to maintain financial stability, Throughout the analysis of Central Bank's framework for maintaining financial stability in the United States, EU, and England, this part summarized the establishment of financial stability framework by Central Bank, establishment of the coordinated and operational mechanism and concrete financial stability evaluation syatem, financial risk early warning system, instruments and measures for maintaining financial stability. Chapter 6: This part analyzed the background for financial stability maintenance of PBC and the evolvement of PBC's function. This part also discussed the framework for maintaining financial stability, analytical supervision, countermeasure and help measure of PBC. At the same time, it expatiated the function of anti money laundering to the financial stability.Chapter 7: This part analyzed the key problem that People's Bank of China being faced with during maintaining financial stable process, and put forward some suggestions such as enhancing financial stable process, and put forward some suggestions such as enhancing financial stable foundation system developments, establishing the financial stability and coordinated mechanism, establishing deposit insurance system etc.IV The main innovation and shortcomingi Main innovation1. Proposed the new financial stability view. The financial stability is an important constitute of constructing harmonious society, and is the embodiment of the scientific development view in the financial reform and development. To maintain the financial stability is the inevitably request of carrying out scientific development view, is an important guarantee of realizing the national economy to be developed comprehensively, coordinately, and sustainably.2. Under the different supervision pattern, the Central Bank is displaying the traditional function of "the national bank, the issuing bank, the bank for banks", to maintain the finance stability has become its core function, which plays the decisive function for maintaining the stability of the entire finance.3. Systematically summarized the financial stable frame that main international countries' Central Banks have established, the movement mechanism of financial stability, the appraisal system of financial stability, the early warning system of financial stability and the measures for answering.4. Proposed the basic principle and the function localization by which our country establishes the coordination mechanism of the financial stability, and the pattern in whichPeople's Bank of China is in the dominant position.ii Shortcoming1 .The financial stability is a complex system. In the process of researching the factors of influencing financial stability, this paper only puts emphasis on the influence of the financial market system on the financial stability, but studies insufficiently to other factors, like the financial institution, the financial infrastructure as well as the other factors outside the finance.2. I am a concrete worker of maintaining the financial stability. During the process of forming this paper, more stresses are put on the practical operation aspect, and the research on the theory of financial stability reveals insufficiently both the depth and the breadth.These problems need to be summarized and perfect during the process of unceasing practice.
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