Risk Analysis of Financial Market Agents Under Loose Monetary Policy

摘要：

　　This paper studies the relationship between monetary policy and financial stability from the perspective of the microeconomic based risk-taking mechanism.This paper concludes the credit risk of Chinese banking system and listed companies under a low interest rate environment.Empirical tests show that the macro monetary policy will affect the risk behavior of the market agents.The longer the loose monetary policy lasts, the more risk the market agents will choose to take.This paper aims to deepen the understanding of the relationship between monetary policy and financial stability, so as to better conduct Chinas monetary policy.

关键词： monetary policy risk-taking mechanism financial stability

作者: ZHANG Jiaying

作者单位: School of Economics, Shanghai University, Shanghai, China, 200444

会议类型: 国际会议

会议名称: The 9th (2017)International Conference on Financial Risk and Corporate Finance Management(第九届(2017)金融风险与公司金融国际研讨会)

会议地点: 日本

会议语种:英文

页码: 276-282

在线出版日期: 2017-07-01（万方平台首次上网日期，不代表论文的发表时间）