The comparison of the financial systems-characteristics of the bank-based financial system

本研究对金融体系进行了比较分析。首先，我们认为德国是一个有可能构建混合型金融体系的国家。也就是说，中国正试图向以直接融资为中心的以市场为基础的金融体系转变，同时保持以银行为基础的以间接融资为中心的金融体系的完整特征。目标是保留这两个系统的优点。然后我们将这个体系与日本的金融体系进行比较。最后，以欧洲中央银行为例，分析了央行货币政策管理对实现金融体系稳定的重要作用。

This study performs a comparative analysis of financial systems. First, we consider Germany as a country that could possibly construct a hybrid-type financial system.That is, it is attempting to shift to a market-based financial system that is centered on direct financing while still leaving intact features of a bank-based financial system centered on indirect financing.The goal is to retain the advantages of both systems.We then compare this system to Japan's financial system.Finally, based on the European Central Bank, we analyze central bank monetary policy management, which is important to realizing financial system stability.