试析我国对外“资金流动之谜”  

An Analysis of the "Unaccountable Phenomenon of Funds Flow" in China

作　　者：陈德兵[1] 韩燕[2] 

机构地区：[1]中国人民大学财金学院,北京100872 [2]中国人民大学经济学院,北京100872

出　　处：《教学与研究》2006年第3期12-19,共8页Teaching and Research

基　　金：国家社会科学基金"十五"规划重点项目(项目编号:04AJL004)的阶段性成果

摘　　要：近年来,我国外部均衡出现了一些“资金流动之谜”,这既不能通过主流的经济学理论给予圆满的解释,又不能从其他发展中国家找到先例。本文通过资金流入对国内总储蓄和总投资的影响进行理论和实证分析,从金融中介的角度对资金流动之谜做出新解。In recent years, there has appeared an ＂unaccountable phenomenon of funds flow＂ of which we can find neither sound explanation in the mainstream economics, nor empirical evidence in other developing countries. This paper attempts to offer an interpretation in the light of the financial intermediary hypothesis by offering both theoretical discussion and empirical analyses on the impact of funds flow on domestic gross savings and investment.

关 键 词：资金流动 储蓄 投资 金融中介 

分 类 号：F832.6[经济管理—金融学]