基于动态因子分析的我国金融稳定指数研究

金融稳定指数的构建是实现金融稳定有效测度的前提。首先综述了金融稳定的内涵和指标体系的演进，然后从宏观和微观两方面，设计金融稳定指标体系，并采用动态因子分析法赋予指标权重，最终合成综合金融稳定指数FSI。通过检验与测度发现，我国金融稳定水平发展较为平稳，并且略微显现出下降趋势，我国的金融风险也随之增加。最后提出政府应当加强国际监管合作，实现对跨国流动性风险的监管的建议。

Constructing Financial Stability Index Based on Dynamic Factor Analysis

Constructing of financial stability index is a prerequisite to measureing financial stability effectivly. This paper first reviews the connotation of financial stability and the evolution of its index system, and then from the macro and micro two aspects, designs the financial stability factors, gives the index weight by the dynamic factor analysis method, and formed the synthetic financial stability index FSI. Through the inspection and measurement of financial stability is found, the level of China's development is relatively stable and slightly shows a downward trend, our country's financial risk gradually increased.Finally suggested that the Government should strengthen international regulatory cooperation, implement the transnational supervision of liquidity risk.