金融混沌形成的微观机制分析

金融是现代经济的核心。金融系统的安全、稳定是经济社会稳定发展的关键。金融系统在运行过程中发生因确定性失稳而出现诸如金融市场的剧烈动荡、金融危机等金融混沌现象,给经济的增长与社会的稳定带来了很大的负面影响。从微观方面分析金融混沌的形成机制,研究发现金融混沌的形成主要是由金融市场固有的缺陷、过度的金融创新以及金融监管的缺失三方面因素共同作用的结果。探讨金融混沌的形成机制有助于为防范与控制金融混沌指明方向。

Study on Microscopic Mechanism of the Formation of Financial Chaos

Finance is the core of modern economy.The security and the stability of financial system are very important to the development of economic and the stability of society.Financial chaos,such as financial market turmoil and financial crises,took place from time to time due to uncertainty instability of financial system,which has a big negative impact on economic growth and social stability.From the micro level analysis of the formation mechanism of the financial chaos,we find that the formation of the financial chaos mainly results from inherent in financial market,excessive financial innovation and the lack of financial supervision.Further,this paper points out the directions for preventing and controlling the financial chaos.