Macro-prudential Management On The Frame Of Counter-cyclical Policy

In the end of2007,the U.S. financial crisis has been broken out,global economic slow down and even regression because of that. Before this Financial crisis,overall global economic is in the upstream section, economic is trend to globalization,there is excess liquidity in the financial system,bank credit is expanding,financial derivatives are been over used, the prices of production factors are rising,these all lead to increasing systemic risk,and eventually formed the financial crisis.The financial crisis has exposed the shortcomings of traditional financial regulatory system,macroeconomic stability and low inflation can not guarantee the long-term economic stability and development,and micro-prudential supervision can not control the overall risk of the financial system.Therefore,there is a urgent need for theorists and practitioners to reform the traditional means of financial regulatory and based on new features and changes in the financial crisis and the development of modern financial.After the crisis,for international and national levels should establish an effective macro-prudential management system has become a broad consensus,how to establish an effective mechanism to finance counter-cyclical regulatory,improvement of macro-prudential regulatory framework,it’s has a strong guiding significance for the maintenance of national economic stability and world economic development,In this paper, there are literature research, empirical analysis and normative analysis, theory and practice of the method of combining to conduct a comprehensive in-depth study of Procyclical features of the financial system and regulatory framework has created and policy tools can be used. Study of existing macro-prudential management of the first chapter summarizes the theory.The second and third chapters describe the theoretical basis and macro-prudential policy tools,and use the China’s commercial banks capital procyclicality data analysis problems.Chapter IV contrast to international practice and the means of counter-cyclical regulation on,pointed out flaws and shortcomings of the existing regulatory tools.The final chapter is for the weak part of our macro-prudential regulatory framework to propose improvements.Innovation of this paper is mainly reflected in macro prudential regulatory framework to build the only departure from the financial point of view,It also considers the role played by government finances,let the financial sector in the regulatory,financial instability could affect the financial dynamically generated on the assessment and prepare accordingly,make the financial regulation in close connection with macroeconomic policies.