Macro-prudential Regulation from the Perspective of the Financial Network—An Empirical Analysis Based on the Data From Payment and Settlement System In China
通过分析金融机构间连接形成的网络，研究如何监测和预警金融系统的整体风险，并提出宏观审慎监管的新方法。基于中国银行网络数据，发现经济危机后宏观政策提升了金融网络稳定性，且银行网络呈现重要节点与局部紧密集群并存的结构特征。
From the perspective of financial network stability analysis achieved by studying the network formed with linkages of individual financial institutes,this paper aims to delve into the monitoring,warning,and analyzing of the systematic risk of the financial system as a whole,which is the key to drive macro-prudential regulation forward within the regime of existing financial regulations.Through the analysis we've achieved the following. First,a new way of depict of the structure of financial system's network and a practical method of macroprudential regulation is proposed.Second,by analyzing the stability of the banking network,it can be seen that after the explosion of the economic crisis,the country's macro-economic policies to improve the stability of China's own financial network produced positive results.Third,through an initial empirical analysis of the national banking network,the country's inter-banking network displays a structural characteristic of the coexistence of important nodes and locally closely connected clusters.