金融脱媒

本文的实证研究也丰富了金融脱媒的度量研究内容。

The empirical study also enriches the financial disintermediation research content .

金融脱媒对我国货币政策传导机制的影响

The Influence of Financial Disintermediation on Transmission Mechanism of Monetary Policy

金融脱媒与商业银行应对策略研究

The Research of Disintermediation and Strategies of Commercial Banks

首先，金融脱媒是金融结构变化的重要指示器。

First , financial disintermediation is an important indicator of changes in financial structure .

资本约束、金融脱媒、利率市场化与商业银行战略转型

Capital Constraint , Financial Disintermediation , Rate Marketization and Strategic Transformation of Commercial Banks

商业银行金融脱媒背景下发展问题研究

Study on the Development of Commercial Banks under the Background of " Financial Disintermediation "

中小企业金融脱媒与金融制度创新

SMEs Dis-intermediation & Financial System Innovation

为了应对金融脱媒，商业银行必须进行创新。

So commercial banks must innovation .

金融脱媒及其对我国货币政策中介目标的影响研究

The Study on Financial Disintermediation and Its Effect on Intermediate Target of Our Country 's Monetary Policy

近年来，商业银行理财产品的发行规模和产品数量随着金融脱媒以及利率市场化进程的加快出现了突飞猛进的增长。

In recent years , the processes of financial disintermediation as well as the interest rate market are speeding up .

随着经济全球化发展和金融脱媒化的不断深入，商业银行间的竞争越来越激烈，高效、安全的库存现金运营管理体趋重要。

With the development of economic globalization and financial disintermediation , competition among commercial banks becomes more and more fierce .

最后，本文对如何积极应对金融脱媒的影响提出了一些个人见解。

Finally , the paper puts forward some personal opinions on how to actively cope with the effects of the financial disintermediation .

投融资和网络结合又产生了金融脱媒的网络投融资模式。

Investment and financing is combined with the network , which has created a network investment and financing mode of the financial disintermediation .

由于金融脱媒在发展的过程中具有长期性、传递性、演变性等特征，所以我国的金融脱媒呈现出一些特有的现象。

As the process of financial disintermediation has characteristics of long-term , transitivity and evolution , financial disintermediation in China presents some unique phenomena .

本文运用理论与实证、定性与定量相结合的方法旨在研究金融脱媒及其对商业银行的影响。

This paper uses the theory and empirical , qualitative and quantitative methods to study the financial disintermediation and its impact on commercial banks .

随后在其他西方主要发达国家，如日本、德国、意大利、英国也相继出现类似的金融脱媒现象。

Japan , France , Italy , Germany , Britain and other Western developed countries have also followed a " financial disintermediation " phenomenon .

但是，2007年的次贷危机揭示出，与此同时产生的风险正在削减金融脱媒的积极效应。

However , the sub-prime debt crisis in 2007 revealed that the risks generated by financial disintermediation are reducing the positive effects of financial disintermediation .

在利率市场化以及金融脱媒的大背景下，商业银行纷纷将目光转向中小企业信贷市场。

Under the background of the interest rates liberalization and financial disintermediation , commercial Banks have been turning to the small and medium-sized enterprise credit market .

金融脱媒现象愈演愈烈，生存空间遭遇挤兑，使得商业银行不得不考虑改变以往银行业务尤其是存、贷、汇、兑等传统业务独大的局面。

Growing financial disintermediation , living space , commercial banks had to consider changing the past banking , particular deposit , loan , exchange against traditional business dominate .

国外商业银行应对金融脱媒大都采用扩大经营规模、提供综合服务、创新金融产品和应用信息技术等方法。

For the banks abroad , they reply to the problems mostly by extending management scales , providing comprehensive service , innovating new products and using information technology .

研究表明，国际上实行市场经济的国家的银行业或早或晚都会发生规律性的金融脱媒的困扰。

This crisis is " Financial Disintermediation " . Studies show that , commercial banks in the market economy courtiers will sooner or later come up with Financial Disintermediation .

金融脱媒又称金融非中介化，是指随着经济金融化、金融市场化进程的加快，资金的供求双方绕开金融中介直接进行资金融通的现象。

Financial disintermediation means with the process of economic and the financial markets development , both of the supply and demand of funds bypassing financial intermediaries to cooperate directly .

为此，深入分析金融脱媒在我国的产生机理和发展状况，并提出行之有效的应对策略具有很大的现实意义。

For this reason , in-depth analysis of the generation mechanism and the development of financial disintermediation in China , and the effective coping strategies has great practical significance .

另一方面，利率市场化，金融脱媒的潜在威胁，意味着依赖信贷业务扩张的、粗放式的发展模式已经无法持续。

On the other hand , the potential threat of interest rate liberalization and financial disintermediation means that dependent on credit expansion , extensive model of development has been unsustainable .

在利率市场化加快推进、金融脱媒加速以及金融监管强化的背景下，银行依靠大客户赚取息差的盈利模式难以为继。

As the interest rate marketed , the financial disintermediation accelerated and the financial supervision strengthened , the model that the bank relies on large customers to earn interest margin is difficult to continue .

同时在金融脱媒的不断压力下，个人理财产品以其巨大的市场利润，理所当然地走进了各家商业银行的视野，同时也吸引了外资银行抢滩这块市场。

At the same time , in the pressure of financial disintermediation , the personal financial services market with its huge profits , attracting commercial bank , also to attract foreign banks to this market beachhead .

随着直接融资的发展，银行失去了其融资主导地位，利差收入减少，依靠传统的业务难以维持生存，这种危机就是金融脱媒，也被称为银行脱媒。

With the development of direct financing , commercial banks lost their dominating position in financing , and their interest incomes declined and cannot survive the tough competition only with their traditional deposit and loan business .

不可否认，金融脱媒的深化确实在影响传统银行业务同时，带来了银行机构的金融创新以及整个行业效率的提升。

It is undeniable that the deepening of financial disintermediation is indeed affecting the traditional banking business but supporting financial innovation to banking institutions and improving the efficiency of the entire banking industry at the same time .

目前现有的研究文献基本是对金融脱媒进行定性分析，而较少对金融脱媒进行定量分析，尤其是缺乏脱媒对商业银行的效应进行实证研究。

In the current research literature available on the basic analysis of financial disintermediation , and less financial disintermediation of quantitative analysis , especially in disintermediation of commercial banks to carry out empirical studies of the effect .

金融脱媒、利率市场化、资本硬约束和外资银行进入等四种制度供给为我国商业银行摆脱旧的路径锁定提供了外部力量，转型的关键就在于合理选择新的路径。

Financial disintermediation , market interest rates , capital constraints , and entrances of foreign banks provide the external forces of getting out the old path . The proper new path is the key to the transformation .