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摘要翻译：
在国际金融监管中心和《金融时报》发起的辩论框架中，我们引出了一个关于如何最好地监管未来银行的观点。我们的目标是为政策制定者和监管者创建一个概念框架，以塑造全球化世纪的国际金融体系，使用1888年英国《金融时报》的座右铭：“无所畏惧，不偏袒。”本文采用分析的方法，着重探讨了银行体系的起源和演变，近几十年来银行体系的变革，随后遇到的增长限制以及新兴金融业新的战略边界的重新界定。我们找出了导致全球金融危机的主要原因和局限性。我们提出了新的研究议程，旨在了解金融状况，评估所造成的系统性损害，并通过引入新的银行监管来寻找解决现有问题的可能途径。我们认为全球经济和金融系统是高度非线性的系统。本文认为，Kitchin、Juglar、Kuznets、Kondratiev经济周期中波动的频率、相位和振幅调制可能导致金融系统产生强烈的非线性动力学，并伴随着混沌现象。中央银行在实施量化宽松政策时，将流动性以小量子序列的形式加入金融体系，必须考虑到这些非线性效应。我们建议对市场主体在高风险、高利润的投机交易中获得的利润有选择地征收随机税。我们预计，在自由市场资本主义条件下，随机税收将稳定金融体系。
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英文标题：
《Shaping the international financial system in century of globalization》
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作者：
Viktor O. Ledenyov and Dimitri O. Ledenyov
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最新提交年份：
2012
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分类信息：
一级分类：Quantitative Finance 数量金融学
二级分类：General Finance 一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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英文摘要：
We educe a perspective on how best to regulate the bank of tomorrow in frames of debate launched by the International Centre for Financial Regulation and Financial Times. Our goal is to create a conceptual framework for policymakers and regulators to shape the international financial system in century of globalization using the 1888 FT's motto: "Without fear and without favour." Our prospect employs an analytical approach, which focuses on the origins and evolution of banking system, its transformation over the recent decades, subsequent encountering the limits to growth and redefinition of new strategic boundaries of emerging financial industry. We identify the main reasons and limitations, which led to the global financial crisis. We propose the new research agendas with the aim to understand the situation in finances, evaluate the created systemic damages, and find the possible ways to resolve the existing problems through introduction of new banking regulation. We think that the global economic and financial systems are highly nonlinear systems. In our opinion, the frequency, phase and amplitude modulation during the mixing of waves, which characterize the Kitchin, Juglar, Kuznets, Kondratiev economic cycles, may result in origination of strong nonlinear dynamics in financial system, accompanied by chaos- induced phenomena. These nonlinear effects have to be taken to the account, when adding the liquidity to the financial system in small quantas in series over time period during the Quantitative Easing policy execution by central banks. We propose the Random Tax to be selectively imposed on the profits, obtained by market agents during high-risk high-profit speculative transactions. We expect that the Random Tax will stabilize the financial system in conditions of free market capitalism.
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PDF链接：
https://arxiv.org/pdf/1206.2022
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