Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 15, 2017 erstellt
Beschreibung:
Chinese Abstract: 避免系統性的金融風險，跟一個金融機構怎麼避免它所面對的風險，是兩個不同的概念，最重要的考慮是系統性金融風險裡包含著的“溢出效應”（spillover effect）。本文討論中國現時面對的幾種金融風險：資產價格泡沫的風險、不良貸款的風險、金融衍生產品的風險，以及匯率過度波動性的風險。
English Abstract: Avoiding systemic financial risk and how a financial institution avoids the risk it is exposed to are two distinct concepts; the most critical consideration is the spillover effect involved in systemic financial risk. This paper discusses a few financial risks China currently confronts: the risks of asset price bubbles, non-performing loans, financial derivatives, and excess exchange rate volatility