| 在微观分析框架下，笔者得出政策建议主要有：
第一，在银行系统性风险发生时，不良资产降低银行资产价格，降低其贷款供应量，使得整个社会投资下降。这个风险传染规律体现出银行业典型的顺经济周期的特点，经济繁荣时，贷款和投资放大；而在经济萧条时，贷款和投资萎缩。因此，笔者认为能否探索一种抵御银行系统性风险机制，在经济过度繁荣时，压制贷款和投资；而在经济过度萧条时，鼓励银行贷款与投资，控制资产下降，提高银行抵御风险能力。
第二，改善经济环境，提高企业的抗风险能力，减少违约的可能性。关注银行投资的渠道，定期发布银行的投资方向和数量。追本溯源，从源头上控制银行系统性风险。从微观层面上说，银行只是为了获取利润最大化的一个企业。其特殊性在于其的金融中介地位，其利润来自于资产的价格套利。经济环境的改善才能改变银行和企业之间投资的风险，降低银行系统性风险。
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