金融控股集团风险传染的一般均衡:基于内部关联交易的模型分析

金融控股集团因其内部关联交易产生规模经济、范围经济和X效率优势,但金融控股集团的关联交易,特别是以内部借贷为主的资金关联交易,在充分发挥集团化协同优势的同时,也产生了风险传染问题.本文在传统的传染均衡研究基础上,引入了金融控股集团中“关联交易”这一重要因子,构建了一个基于内部关联交易的传染均衡模型,使模型更逼近于金融控股集团传染的真实特征,深入研究了金融控股集团内部传染的主要特征与效应.

The General Equilibrium of Risk Contagion in Financial Conglomerates:A Model Based on the Inner Related Transaction

Financial Conglomerates has some Advantages of Scale Economy,Scope Economy and X-efficiency for the inner related transaction.But the inner related transaction also causes the great problem of the risk contagion.On the basis of the traditional research on the equilibrium of the risk contagion,we consist of a new model of the equilibrium when introducing an important factor of the inner related transaction.Finally we study the feature and the effect of the risk contagion of the inner related transaction betw...