Conflict or Complement: The Relationship between Macroprudential and Microprudential Supervision in China

摘要：

　　Whether the macroprudential regulation and microprudential regulation conflict or complement with each other has attracted lots of attention.Taking 16 Chinese Banks listed on Shanghai Stock Exchange and Shenzhen Stock Exchange as samples, bringing in macroprudential and microprudential instrumental variables, this article aims to carry out an empirical analysis on the prudential regulation of the coordination problem in China from the 1st quarter of 2010 to the 4th quarter of 2014.To our surprise, the results indicate that macroprudential regulation and microprudential regulation complement with each other quite well.Besides, we also found bank stability depends largely on macroscopic factors, instead of the fulfilment extent of regulatory standards.This suggests that what Chinese supervisors stress is not these regulatory indicators, but other microscopic factors probably, such as limitation on business activities, market entrance conditions.

关键词： Macroprudential supervision Microprudential supervision Commercial bank Bank stability Systematic risk

作者: ZENG Wei YANG Shi-lin

作者单位: Business School,Hunan University,Changsha,P.R.China,100871

会议类型: 国际会议

会议名称: 2015 International Conference on Public Administration (11 th)2015(第十一届)公共管理国际会议

会议地点: 印度尼西亚

会议语种:英文

页码: 546-552

在线出版日期: 2015-12-09（万方平台首次上网日期，不代表论文的发表时间）