一、报告题目
　　The Rise of China's Shadow Banking System（影子银行在中国的兴起）
　　二、报告人
　　宋铮，香港中文大学经济系教授，斯德哥尔摩大学经济学博士，Journal of the European Economic Association副主编。研究领域为宏观经济学、中国经济和政治经济学。宋铮教授的论文Growing like China发表于American Economic Review，并荣获2013年孙冶方经济科学奖；他的其它论文发表于Econometrica, Journal of Economic Theory, Journal of Monetary Economics, International Economic Review, American Economic Journal: Macroeconomics等国际顶级期刊。
　　三、报告时间
　　2015年12月24日周四 14:30-16:00
　　四、报告地点
　　知新楼B423聚贤报告厅
　　五、摘要
　　Shadow banking in China has grown very rapidly during the past decade. This paper studies the causes and impending consequences. We begin by documenting important differences in the cross-section of Chinese banks to isolate the regulatory triggers for shadow banking. We then build a model that rationalizes the facts and use it to conduct policy experiments. We find that asymmetric competition between banks is both a short-run stabilizer and a long-run risk, with new regulations potentially exacerbating the tipping point.
　　六、主办单位
　　山东大学经济学院