Research On The Transition Of Policy Banks

Policy banks are important instruments of government to promote economic growth in the coordination framework of fiscal policy and monetary policy.They are special fiscal activities in bank forms.Now we are in a great transformation of the times,after 30 years of reform and opening up and rapid development.For policy banks of China,how to transform,to promote economic transformation and upgrading,is an important issue of financial reform.The idea of this paper is to put forward problems,analyze problems and solve problems.Firstly,this paper analyzes the theoretical basis of the evolution,development and operation of policy banks.The economic effects and functions of the policy banks in the fiscal policy and monetary policy coordination framework are analyzed with IS-LM model.The evolution framework of policy banks in the interaction between financial structure and economic structure is formed.Secondly,the initial state of the transition of policy banks of China,as well as the impact of the economic new normal and financial structure problems on the policy banks transition are empirical analyzed.We analyze the differences in the operational efficiency of policy banks using the DEA model.And the econometric model is established to analyze the influence factors of the efficiency of the policy bank,to find the path of the policy bank transition.Finally,the transition experience and trend of foreign policy banks are analyzed,and the general idea,target model and transition path of policy banks are put forward.It is divided into 7 chapters.The first chapter is the introduction.This chapter puts forward the research topic and the significance of the research.We review the literature on financial investment,policy banks and bank efficiency.Then put forward the research methods,research content,research structure,the main innovation and deficiency.The theoretical framework of the evolution of policy banks is studied in the second chapter.In this chapter,we put forward the evolution framework of policy banks in the interaction between financial structure and economic structure.The initial conditions for the transformation of policy banks of China are analyzed in the third chapter.In the fourth chapter,we discuss the impact of the new economic normality on the transformation of China's policy banks,and analyze the impact and opportunities of the new economic norm on the business model of the policy banks.We also analyze the financial structure of financial structure of China by Goldsmith's theory of financial structure.Then we analyze the constraints of problems of financial structure.In the fifth chapter,we set up the efficiency model of the policy bank,and analyze the efficiency of the policy bank.We also set up an econometric model to analyze the macro factors and micro factors that affect the efficiency of policy banks.In the sixth chapter,we systematically sort out the development trend and transformation experience of foreign policy banks.In the seventh chapter,we put forward the general idea,target mode and route choice of the transition of policy banks of China.The main research conclusions of this paper can be summarized as three aspects.The first conclusion is that China's financial sector is not the total amount of the problem,but the structural problems,the role of policy banks in quantitative and directional financial instruments is very important.The second conclusion is that under the new economic situation,the external environment of the policy bank has changed,and the business development model needs to change.The third conclusion empirically analyzed by econometric model is that macro factors and micro factors have important impact on the efficiency of policy banks.