Analysis Of The Construction Of China's Deposit Insurance System Based On Game Theory

Contrast two more serious economic crisis:the great depression in 1929 and the subprime crisis in 2008 in American history, it can be found that deposit insurance system founded in 1933 have effectively reduced the number of failed banks, it cannot compare the function of crisis in 2008, follow established the system of the United States is increasing. And whether stock market caused by the great depression, or crack caused by the 2008 financial crisis, there is no denying the fact that the establishment of the federal deposit insurance institutions has the potential to minimize the loss, it can not only protect the interests of the depositors from losses and maintain their depositors confidence in banks, but also effectively maintain the financial stability and minimize the occurrence of financial crisis.As one of three big magic weapon to guarantee the financial safety is so effective to deposit insurance system, which first proposed to create a deposit insurance system in China in 1993, due to the environmental conditions are not mature, and until 2006 state-owned comprehensive reform is completed, the relevant departments on the topic dispute nearly 15 years and hard to come to an agreement. America's subprime crisis of 2008 brought the global economy the damage of shock type, the full play of the utility of the American deposit insurance system successfully recover some Banks on the crisis of bankruptcy, the relevant departments to focus on this topic again, in the key period of current financial deepening reform, no matter from the domestic economic environment, financial environment and policy environment perspective, or from the external environment analysis of the internationalization, it indicates we eager to build a deposit insurance system, and so finally officially launched explicit deposit insurance system in China on May 1,2015. The major breakthrough means the end of the era of government's recessive guarantee. The paper based on the background with typical case analysis of the disadvantages of implicit guarantee, and from the perspective of game model and development environment, the analysis on necessity and urgency of deposit insurance policy, and due to the preliminary practice, the system in the critical period of economic transformation in practice remains to be further perfected, so the paper evaluated and put forward proper suggestions combining with the existing regulation system.The paper's framework is as follows:the first part briefly states the establishment background and significance of deposit insurance system, and analyze the relevant theory of impact on the effectiveness of a deposit insurance policies, then summarize the domestic and foreign scholars to the system of comprehensive evaluation combined with relevant theory; the second part reviews the development process of implicit guarantee, the thorough analysis of the essence of the implicit guarantee, with the typical bankruptcy cases such as sea issue raises our country for many years the disadvantages of implicit guarantee; the third part combines with the current environment, from the perspectives of economic, financial and policy introduced necessity and urgency of dominant deposit insurance policy; the forth part is under the background of mature environment, draw lessons from foreign countries, which have been successfully implementation of the system combining with the situation of our country to perfect the existing system in our country; the fifth part is from the perspective of game theory to China's fledgling soon after the establishment of deposit insurance regulations effect for comprehensive analysis; the last part elaborates feasibility Suggestions to perfect the explicit deposit insurance system in our country. Under the conditions of the basic mature internal and external environment, the implementation of explicit deposit insurance system in China needs to all aspects of the strong coordination, and effectiveness are proposed according to the comprehensive analysis of the regulations.