美国次贷危机爆发后,金融机构体系承担了巨额负债甚至破产,究其原因为影子银行疯狂扩张引起金融体系危机。影子银行体系近年占我国社会融资规模份额越来越大,本文从实证和理论两个角度总结影子银行对国民经济的影响及对宏观经济政策作用力度;分析我国当前对影子银行的监管问题的治理并提出政策建议,以保证银行业安全和健康发展。 After the outbreak of the subprime mortgage crisis in the United States, the financial institution system took a huge amount of debt or went bankrupt. The reason is that the crazy expansion of shadow banking caused a crisis in the financial system. In recent years, the shadow banking system has taken an increasing share of the scale of social financing in our country. This paper summarizes the impact of shadow banking on the national economy and the role of macroeconomic policies from both empirical and theoretical points of view and analyzes the current governance of shadow banking in our country And put forward policy recommendations to ensure the safe and healthy development of the banking industry.