Analysis of financial regulation procyclicality
|School||Graduate School of the Chinese Academy of Social Sciences|
|Keywords||Procyclicality Counter-cyclical policy Macro- prudential supervision|
In this paper, procyclicality as a link, the generation and analysis of the pro-cyclical strengthening mechanism, to explore mechanisms and exacerbate the crisis . Based counter-cyclical policy tool of choice , explore the trend of financial regulatory reform , trying to build macro-prudential regulatory framework. Finally try to build our country's macro-prudential regulatory framework , presents and analyzes four possible modes.