An Analysis to the Hierarchy of Financial Debt: Based on the Pyramid of Financial Liabilities

Abstract

In recent years, with the endless appearance of various financial innovations in our country, the bubble of monetary assets has become seriously and the risk exists in nonbank financial institution has become a hot area of research. While the existing research focuses on the different types of risks, and the debt risks created by different financial institutions are rarely involved. According to these conditions, this paper studied the different views of Post-Keynesian about banks and other financial institutions based on the pyramid of financial liabilities, and to analyze the hierarchies of financial debts created by different bodies, especially banks and non-bank, in the pyramid of financial liabilities, and to provide some targeted policy comments for strengthening the regulation of different financial debt risk in China.