Research On The Correlation Mechanism Between Shadow Banking And Traditional Bank

The complexity and globalization of the financial services industry makes the financial institutions more closely linked.The relevance of the financial system is a double-edged sword,A higher degree of association may have a positive effect and may have a negative effect.Since the 2008 global financial crisis,the shadow banking has become the focus of the international academic community and financial regulatory authorities.Shadow banking is a dynamic and complex system involving financial products,institutions and markets,Shadow banking makes financial markets more active.The complex relationship between the shadow banking and the traditional bank,also makes the measurement of financial risk more difficult,Financial regulation has become more complex.In recent years,China's shadow banking has become an important role in the development of financial and economic development,which has become an important part of the financial and economic development.In 2014,the growth,of China's shadow banking slowed down,with the regulatory agencies to strictly review.But the financing activities are turning to the new field of network financing platform,the stock market margin,and other new areas.Shadow banking and traditional bank's risk contagion effect is very strong,it is necessary to clarify the relationship between the theory and the traditional bank,and give full play to the efficiency of the shadow banking,while controlling the risk,and guide the healthy development of China's shadow banking.This thesis takes "the relevance of the shadow banking and the traditional bank" as the research object,analyzes the main channel,dynamic general equilibrium,credit creation mechanism,credit creation mechanism,credit transmission channel,monetary policy effect,risk contagion path and Risk Spillover effect,and puts forward some policy suggestions on how to regulate these two systems.As the shadow banking is a financial innovation product after traditional banking and capital market connection,More performance in Impact of shadow banking on traditional banks,So,this article refers to the correlation between shadow banking and traditional banking,Focus on the analysis of the impact of the shadow banking on the traditional bank.This paper is divided into seven chapters:.The first chapter is introduction.Mainly introduces the research background,purpose and significance,research content,research methods,innovation and deficiencies,and the domestic and foreign relevant literature is reviewed and summarized.The second chapter introduces the development of the shadow banking and traditional banking.Firstly,this paper defines shadow banking,traditional bank and the relevance,compares the difference between the shadow banking and the traditional bank,describes the development of the situation,and then compares the characteristics of the domestic and foreign banks,the composition and the size of the Chinese national conditions,the impact of the shadow banking on the traditional bank.The third chapter expounds the relation between the shadow bank and the traditional bank.Firstly,the paper expounds the credit creation mechanism of the shadow banking and the traditional bank,Then by constructing a dynamic general equilibrium model Solving the equilibrium conditions of the traditional bank of shadow banking,Assessment correlation between traditional bank and shadow banking.The fourth chapter analyzes the channels and the integration mode of the shadow banking and traditional banking association.This chapter studies the main channels of the shadow banking and the traditional bank,and then analyzes the fusion mode of China's shadow banking and traditional bank.The fifth chapter studies the credit transmission channel and the monetary policy effect of the shadow banking and the traditional bank.This chapter first analyzes the mechanism of the credit channel in the dual structure of the shadow banking and the traditional bank,and then analyzes the influence of the dual structure of the shadow banking and the traditional bank with the IS-LM model and CC-LM model,Finally,we analyze the impact of China's shadow banking on monetary policy by constructing VAR model.The sixth chapter analyzes the risk contagion channel and Risk Spillover Effect of the shadow bank and the traditional bank.First analyze the relationship between the shadow banking and traditional banking from the micro to the macro risk contagion channel.Then,a model based on the theory of multi variable extreme value is put forward,which is based on the theory of multi variable extreme value.The seventh chapter is the conclusion and policy recommendations.The main conclusions of the relevant mechanism of the shadow bank and the traditional bank are summarized,and the policy suggestions on the development of China's shadow banking are ditscussed from the macro level and the micro level.Compared with similar studies at home and abroad,the innovation of this paper is mainly reilected in the following aspects:First,the shadow banks and traditional banks as the research object,analysis of the correlation between the shadow banking and the traditional bank,the two channels of mutual connection,and how to regulate the interconnection between these two systems proposed some measures.Second,from the theoretical and empirical analysis of the shadow banking and traditional banking dual operating structure of the credit channel and the impact of monetary policy.Because of the dual structure of the shadow banking and traditional banking in the credit market,the change of the dual structure of the credit market will change the theoretical basis and the relevant variables of the LM CC model,and then affect the problem to be solved.In the CC-LM model,the paper introduces the credit creation function of traditional banks and shadow banks.Through the analysis,we find that the traditional bank credit contraction creates the shadow banking expansion space,which can be directly used to provide liquidity to the real economy.Third,the Risk Spillover Effect of China's shadow banking and the traditional bank is studied by quantitative analysis.This thesis is focused on the empirical analysis of asset price collapse and liquidity crunch,identifying the systematic risk of the shadow banking sector and the traditional banking sector,and modeling the,yield of financial assets,and calculating the conditional spillover effects of asset returns and liquidity spreads under the selected impact level.The interdependence between the traditional banking and shadow banking tail probability.Trying to find out whether the collapse of the shadow banking system has the same effect on different sectors of the economy,from the shadow banking to the traditional banks and the entire economy.