CAJ | 학술논문

流动性风险是商业银行的主要风险之一．业界和监管当局通过本次金融危机进一步加深了对流动性风险的认识，在反思过后提出了有针对性的应对措施。本文从回顾危机中金融市场流动性的变化入手．研究了危机之后出台的流动性监管指标的合理之处及其局限性，并就新的监管指标在我国实施所面临的挑战进行了分析。文章最后展望未来流动性风险管理中的建模、制度安排及监管协调等。
류동성풍험시상업은행적주요풍험지일．업계화감관당국통과본차금융위궤진일보가심료대류동성풍험적인식，재반사과후제출료유침대성적응대조시。본문종회고위궤중금융시장류동성적변화입수．연구료위궤지후출태적류동성감관지표적합리지처급기국한성，병취신적감관지표재아국실시소면림적도전진행료분석。문장최후전망미래류동성풍험관리중적건모、제도안배급감관협조등。
Liquidity risk is one of the most important risks of commercial banks. The financial crisis gave supervisors and banks an opportunity to have a better understanding of liquidity risks. As a result, regulators have proposed many measurements to strength the liquidity risk management. This paper reviews the liquidity changes during the period of financial crisis, analyses the rationality and limitations of the new regulatory liquidity indicators, and studies the special challenges China may face when implementing these measures. Finally, the paper proposes three aspects that need to be researched more in the field： more structured models, institutional arrangements and regulatory coordination.