国际金融资本流动规模研究--中国案例  

A Case of China:Estimates of Financial Capital Inflow and Outflow

作　　者：黄济生[1] 罗海波[2] 

机构地区：[1]华东师范大学金融与统计学院 [2]华东师范大学商学院

出　　处：《亚太经济》2008年第1期29-35,共7页Asia-Pacific Economic Review

摘　　要：直接法在考虑国际收支平衡表正常统计项目的基础上,通过对隐藏在贸易、直接投资等渠道中的资本流动进行合理调整,估算出中国金融资本流出流入规模。结果表明,中国正经历着金融资本的双向流动,且隐性资本流动占据主导地位。经济发展和人民币升值预期是影响资本流动的重要因素,放松资本管制在短期内难以缓解升值压力,长期内国内金融市场深化将促进金融资本有序正常流动。Taking the normal statistics on Balance of Payments into account, we make some adjustments to the capital flow hidden in trade, FDI etc. to estimate the scale of financial capital directly. It shows China is now experiencing financial inflow and outflow on large scale simultaneously and the hidden capital plays a more important role. Expectation on RMB appreciation as well as economic growth will influence capital flow. It is of little effect for deregulation from capital account in short term, but in the long run reform and opening in domestic financial markets will be effective to promote the financial flow regularly.

关 键 词：金融资本 直接法 双向流动 放松管制 

分 类 号：F038.1[经济管理—政治经济学]