Dynamic games research on financial innovation and supervision under the financial crisis perspective

Financial innovation and financial supervision promote each other mutually.Financial supervision is the motive of financial innovation and financial innovation furthers the improvement of financial regulatory system.However,financial crisis due to the excessive financial innovation and the lack of financial supervision still happens.This paper built the dynamic game model to further explore the relationship between the two,and then analyzed the financial innovation activities and financial supervision system of the USA in the recent financial crisis with the view of core-periphery,thus summarizing the revelation upon China.