중국의 그림자 금융이 중국 경제에 미치는 영향에 관한 연구

Abstract

A financial storm hit the world in 2007 when the Subprime mortgage crisis hit the United States. Shadow banking once became a concern for regulators and the International Monetary Fund, and the word shadow banking was also widely known. The Financial Services Commission(FSB) has defined shadow banking as a credit brokerage body that deviates from the regular banking supervision systenm. The development of shadow banking is closely related to the financial capital system and policy system of each country. Compared with the Shenzhen Bureau, Chinese shadow banking has been delayed in starting work, mainly as the indirect loan category of traditional banks, with a relatively narrow scope of redundancy and a marked consignment contrast with the Western economy, while Chinese shadow banking has already become a supplement to traditional industrial banks： trust loans， consignment loans， interest-free banks， promissory notes， etc. For now， however， the degree to which shadow banking has had an impact on China‘s economic development continues to expand. Some people think that shadow banking may have a negative impact on China’s financial development and destroy the traditional gold system. Others think shadow banking is beneficial to the existing financial system. Shadow financing can boost a country’s market economy while also bringing related systematic risikd. But at the same time, we must know that shadow banking is very necessary to develop and exist in any country. In this study, the size of shadow banking was analyzed whether the long-term impact of the economy(including gross domestic product, money supply, price index, and unemployment rate) was balanced and the dynamic relationship between variables was determined through the VAR model, and it was found that the size of shadow banking had a significant impact on GDP, our economy and the unempoloyment rate in our country.