The Shadow Banking Risk Conduction Study

In 2007 the economic crisis broke out and quickly spread to the whole world from the USA financial crisis affect a wide range,great harm can be described as epic proportions. After the crisis, the collapse of lehman brothers, the five major Wall Street investment Banks to fail, the two room be bought by the government, which not only brought the American economy a severe blow, also caused a serious impact and destruction to the global economy. In the process to explore the reasons, the concept of “Shadow banking system” began to attract people’s attention. Shadow banking in China is still at an early stage of development, but its size rapid growth, the risk of shadow banking presence has also been prominent on which can cause a great impact on the stability of the financial system. Therefore, the shadow banking risk’s conduction study has practical significance.By carding the related literatures, the main research of this article study is its transmission between the shadow banking risk and the stability of financial system. Firstly, the connotation of shadow banking is given by the science; through the analysis of Source of conduction and conduction objects, the shadow banking risk is divided to five categories, namely credit risk, flow of risk, risk of financial leverage, transparency of information risk, brand risk. At the same time conduction object is divided into four subsystems, subsystems of the capital market, bank subsystem, macroeconomic and financial monitoring subsystem. Secondly, Build a conduction system, namely, constructed the index system of transmitting source and conduction object index system; choose the Granger causality test method to measure the conductivity. Again, choosing shadow banking in the commercial banks as an example empirical analysis, respectively shadow banking comprehensive risk conductivity and the main conductivity risks were analyzed, the results show that shadow banking risk and the main risk has conductivity and the conduction is lag. Finally, according to the results of empirical analysis, from both the transfer source and conductive object two aspects put forward strategies to reduce the conductivity of the shadow banking risk.