Central Bank Of The Post-crisis Era In The Role Of Macro-prudential Management

Since the outbreak of the international financial crisis, and build the macro-prudential policy framework has made a lot of consensus in the international community, to strengthen macro and prudent management of the core content of the post-crisis reform of international financial management。G20under the framework of the Financial Stability Board (FSB), Bank for International Settlements (BIS), Basel Committee on Banking Supervision (BCBS) and other standard-setting bodies in the study strengthen the macro-prudential management policies and tools, the United States, the European Union and other major economiespromote also intended to strengthen macro-prudential management of financial system reform. China’s national economic and social development of Twelfth Five-Year Plan clearly put forward the requirements to build inverse cycle of financial macro-prudential management system framework. It is necessary to think deeply of the Central Bank of prudent macroeconomic management and the strengthening of the central bank macro-prudential management functions. This paper adopts the method of combining theoretical analysis and empirical analysis to follow and ask questions, analyze problems, to solve the problem line of research to carry out analysis.First of all, on the basis of the clear background and significance, brief introduction to the content, objectives and framework of the macroprudential management. Reviewed the post-crisis era on the prudent macro management role of the central bank’s point of view, a comparative study on changes in the situation of the European Union, the United States, Britain, and other regional and national financial regulatory system. Play the central role of the central bank in the prudent macro management has become the consensus of the international community, the major economies will be macro-prudential supervision empowers the central bank to establish a central bank behavior, the main macro-prudential analysis and policy framework.Secondly, from the perspective of the main independence, management responsibilities, monetary policy, payment, network management, financial stability, cost, revenue, in-depth analysis of the position and advantages of the central bank in the prudent macro management. Prudent macroeconomic management and monetary policy, the existence of consistency, the central bank to the implementation of prudent macroeconomic management and maintenance of financial stability functions corresponding. Central bank thanks to its existing role in monetary policy, financial stability and payment systems, payment system supervision and lender of last resort, in the relevant professional analysis, policy coordination, financial support, maintain financial stability and other aspects of more facilitate the implementation of prudent macroeconomic management, to prevent systemic financial risks of the inherent advantages, should serve as a more important role in the framework of the macroprudential management.Again, the analysis of the practice and status of the macro-prudential management of the Central Bank of China. In recent years, the People’s Bank of focus from the macro-prudential point of view to strengthen financial regulation, improve the reserve dynamically adjusted to the core of the counter-cyclical regulatory mechanism and achieved certain results to the difference. But there is lack of legal system of macro-prudential management system, prudent macro management policy framework and tools to be studied to improve, the lack of effective monitoring and coordination mechanisms, information collection and sharing of financial supervision mechanism is not perfect, the difficulties and lack of need to strengthen our macro-prudent management.Finally, the strengthening of the central bank macro-prudential management of the policy recommendations. Recommended prudent macro management framework in the dominant position, the quicker the central bank to give the central bank greater systemic risk regulatory functions, authorizes the Central Bank to strengthen macro-prudential management tools to study the establishment of the financial risk monitoring and analysis framework suitable for China’s national conditions, to improve the central banks and financial regulatory authorities of regulatory coordination mechanism, improve the market systemic risk disposal mechanism, coordination and cooperation to strengthen the central bank and international regulatory bodies.