【作者】 李慧敏；

【导师】 蔡玉平；

【作者基本信息】 郑州大学 ， 金融学， 2011， 硕士

【摘要】 金融是现代经济的核心,而金融体系是金融机构和金融市场的复合体。随着人类社会的发展进步,金融体系也随之不断发展变化。尤其是,从20世纪70年代开始,全球金融业发生了一系列史无前例的变革,首先从一些工业化国家开始,金融体系出现了两点非常显著的改变：一是商业银行在金融体系中的地位有相对下降的趋势；二是资本市场发展异常迅速,它在金融体系乃至经济发展中的地位越来越突出。伴随着银行相对市场份额的逐渐减少,学者们关于“银行消亡”的论断此起彼伏。一直以来,由于较高的金融效率,市场主导型金融体系一直被众多学者奉为圭臬,认为它是一种比银行主导型金融体系更为优越的模式。然而,2007年次级贷款危机却在市场主导型金融体系的代表国家——美国爆发,这无疑说明市场主导型金融体系也并非十全十美,银行主导型金融体系也具有自身的独特优势。自此,关于市场主导型和银行主导型金融体系孰优孰劣的讨论再次升温。对于经济快速发展、综合国力日益增强的我国,若要保持在全球经济中的核心竞争力,选择一种适合自身的金融体系模式的重要性就不言而喻了。因此,本文拟从金融功能的视角,摆脱机构层面分析的约束,从表面现象深入到现象背后的本质,追溯这两种典型金融模式的发展历程、分析它们各自的特征,并综合分析比较这两种模式的金融体系,同时结合我国金融体系的发展现状,深入探讨我国金融体系的模式选择问题,最后,提出了我国金融体系的最优选择——商业银行和资本市场“互补型”的金融体系,并提出了进一步完善我国金融体系的相关建议。这对坚定我国的金融改革与发展的方向不仅具有理论意义,更具有实践意义。更多还原

【Abstract】 Finance is the core of modern economy,and financial system is the complex of financial institutions and financial markets. With the development of human society, financial system is subsequently developping ceaselessly. In particular, since 20th century 70’s, the global financial industry had a series of unprecedented change, the financial system appeared significant changes in two aspects in some industrialized countries,one is, the status of commercial bank in financial system is relative declining; the other is, the development of capital market is very fast, it is becoming more and more prominent in the financial system and the economic development. As banks’relative market share gradually reduce, many scholars put forward the judge of "bank is dieing".Long-term since, many scholars think market-based financial system is a better and advanced mode,due to its higher financial efficiency. Yet, the outburst of U.S. subprime crisis in 2007, no doubt explains that market-based financial system is not perfect and flawless, bank-based financial system also has a certain distinct advantages. Since then, the discussion about which is more excellent of the two heats up again.As we all konw,our country’s economy is developping very rapid, and our comprehensive national strength is also increasing at a high rate. If we want to keep the core competitiveness in the global economy, the importance of choosing a suitable financial system model is self-evident.Therefore.in this article,we attempt to deal with this subject from the perspective of financial functions, getting rid of the constraints of financial institutions theory, seeking the essence behind the superficial phenomenon.Firstly,we will trace the development course of the two typical model of financial system and do a comprehensive analysis and comparison of the two financial system.Then, we will make a thorough discussion about China’s financial system mode, combining with the status quo of China’s financial system.In the end,we will put forward the optimization of the financial system- "complementary type" financial system,and give some suggestions to perfect it. We believe this article will have both theoretical significance and practical meaning to firm the direction of China’s financial reform and development.更多还原