Studying the Fragility of Chinese Financial Ecosystem based on Sensitive and Reactive Band Boundary Theory
Taking advantage of ecology and Sensitive and Reactive Band Boundary Theory, we propose the Sensitive and Reactive (SAR) model of financial ecosystem. Utilizing the SAR model of financial ecosystem,we investigate the problems lying in the current Chinese Financial Ecosystem (CFE) and find that neither the growth of the original system nor its exterior environment is perfect, which result in the fragile ecological situation of CFE.Furthermore, considering the influence of various macro-regulation policies on the fragility of CFE, we construct the model of the fragility evolution and governance about CFE. We also analyze the fragility evolution process of CFE in recent years based on the fragility evolution and governance model. In the analysis process, we focus on sensitive and reactive phenomena in the gradational band boundary of CFE. Simulation about the evolution of fragility under various regulation policies shows that Chinese current regulation policies have limited effect on decreasing the fragility. Chinese macro-regulation power should be intensified in the future.Whats more, the pertinence and executive power will be valued much more.
Fragility financial ecosystem gradational band boundary sensitive and reactive model.
Hui Wang Guangle Yan
Bussiness College University of Shanghai for Science and Technology Shanghai, China
国际会议
2007 Conference on Systems Science, Management Science and System Dynamics(第二届系统科学、管理科学与系统动力学国际会议)
上海
英文
2061-2066
2007-10-19（万方平台首次上网日期，不代表论文的发表时间）