Economic Theory and Business Management ›› 2008, Vol. ›› Issue (3): 43-49.

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INTEGRATION OF FINANCIAL INDUSTRY AND THE STABILITY OF FINANCIAL SYSTEM: CROSS-COUNTRY EVIDENCE

CHEN Yu-lu1, MA Yong2   

  1. 1. Renmin University of China, Beijing 100872, China;
    2. Chengdu Branch of PBC, Chengdu 610041, China
  • Received:2008-01-07 Online:2012-03-01 Published:2008-03-16

混业经营与金融体系稳定性:基于银行危机的全球实证分析

陈雨露1, 马勇2   

  1. 1. 中国人民大学 北京 100872;
    2. 中国人民银行成都分行 成都 610041
  • 基金资助:
    教育部人文社会科学重点研究基地重大项目(05JJD970027)

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Abstract: The integration of financial industry is not only related to the efficiency improvement of the banking industry itself,but also related to the stability of the banking system and thus the stability of the financial system.Based on the data analysis of 61 countries,empirical result shows that one country's financial system tends to be more stable and thus lower possibility of banking crisis if the country has less restriction on the integration of financial industry.Moreover,one country's banking crisis tends to become systemic if the country has an unstable macroeconomic condition.

Key words: integration of financial industry, financial system, banking crisis, financial stability

摘要： 银行混业经营不仅关系到自身效率的提高,更关系到银行体系乃至整个金融体系的稳定性。对全球范围内61个国家的跨国数据进行的实证分析表明,一个国家对银行混业经营的限制越少,该国的金融体系越趋于稳定,发生银行危机的概率也越小。不仅如此,在宏观经济越不稳定的国家,其一般性银行危机演变为系统性银行危机的概率也越大。

关键词: 混业经营, 金融体系, 银行危机, 稳定性

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