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《Jianghai Academic Journal》 2009-03
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Financial Analysis on Credit Crisis of "Shadow Banking System"

Yi Xianrong  
Shadow bank is a financial institution,which conducts the function of traditional bank,yet is totally different from the traditional bank in operation mode,transaction mode,supervision system and so on.By way of securities,the shadow bank approaches unlimited credit expansion.During the process,its chain of agency is unlimitedly lengthened,therefore,leading to unlimited risk amplification.Once the risk of some chain joint is exposed,the whole operation system of the shadow bank will collapse.The nature of the US financial crisis is the collapse of the shadow banking system.Because of this,the solution to the financial crisis this time is to rebuild the American financial system.
【CateGory Index】: F830.5
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