目 录
摘 要
投资银行是资本市场中最重要的金融机构之一，在西方发达国家已经经历了几百年的发展。投资银行起源于欧洲，19世纪传入美国，并在美国达到了空前的繁荣。投资银行是指经营资本市场业务的金融机构，其业务领域涉及证券承销与经纪、自营证券业务等传统业务以及资产管理、项目融资、企业并购、投资咨询和风险投资等现代投资银行创新业务。在现代金融体系中，投资银行以其连接资本市场中投资者和筹资者的桥梁作用得到了越来越多的关注，投资银行的金融创新活力和卓越的风险管理能力使其成为当今金融体系中最具活力和魅力的金融中介机构，其重要性日益凸现。投资银行业的繁荣与资本市场的发展和壮大息息相关。
同时，在全球经济迅猛发展的今天，资本市场作为金融市场最重要的组成部分，发挥着越来越大的作用，而在国际资本市场的参与者中，投资银行应当是最活跃、发展最迅速的。可以这样说，没有投资银行的努力和创新就没有国际资本市场今日的繁荣。从美国金融危机的影响我们可以看到，在金融市场全球化进程如此发达的今天，一旦资本的市场出现问题，其影响范围不但是全世界范围的，其更会延伸到各个行业之中，给全世界的经济带来灾难性的打击。所以研究投资银行自有业务对资本市场泡沫效应的影，就直接关系着如何使得资本市场健康的发展，进而使得投资银行自己也健康发展。
本文在介绍投资银行和资本市场等理论知识的基础上，阐述了投资银行的特点、自营业务的内容、资本市场泡沫的产生机理，进而分析了投资银行自营业务对资本市场泡沫效应的影响，在不同的资本市场上投资银行自营业务与资本市场泡沫之间的关系。并在文章最后针对性的提出了正确发展投资银行的几点建议和投资银行的发展趋势。
关键词：投资银行 自营业务 资本市场 泡沫效应
ABSTRACT
Capital market investment bank is the most important financial institutions，in the western developed countries has experienced hundreds of years of development. Investment banks originated in Europe，the United States of America was introduced in nineteenth Century，and in the United States reached unprecedented prosperity. Investment bank is operating capital market business of financial institutions，the business areas involving securities underwriters and brokers，self-employed securities business and traditional business and asset management，project financing，mergers and acquisitions，investment advisory and risk investment of modern investment bank business innovation. In the modern financial system，investment banks and the connection of investors in capital markets and financing of the bridge has been more and more attention，investment banking financial innovation vigor and excellent capability of risk management to become the financial system in the most dynamic and charismatic financial intermediaries，its importance is more and more obvious.
At the same time，the rapid development of the global economy today，the capital market as a financial market is the most important component，is playing an increasingly important role，in the international capital market participants，investment banks should be the most active，the most rapid development. It can be said，no investment banking efforts and innovation on the international capital market to today’s prosperity. From the United States of America financial crisis we can see，in the financial market globalization so developed today，once the capital of the market problems，its scope is worldwide，it extends to every industry，to the world economy bring disastrous blow. So the study of investment bank has its own business in the capital market bubble effect of shadow，is directly related to the healthy development of the capital market，the investment bank also healthy development.
Based on the introduction of investment bank and capital market on the basis of theoretical knowledge，expounds the characteristics of investment banks，business content，the capital market bubble generation mechanism，then analyses the investment banking business in the capital market bubble effect，in different capital market investment bank business and capital market foam the relationship between the. And at last this article puts forward the correct development of investment bank suggestions.
Keyword: Investment Banking Business Capital Market Bubble Effect
