基于货币错配的中国资本外逃研究  

Study on Capital Flight in China Based on Currency Mismatch

作　　者：钟小云[1] 

机构地区：[1]中共上海市委党校,上海200233

出　　处：《上海行政学院学报》2009年第3期106-111,共6页The Journal of Shanghai Administration Institute

摘　　要：近几年涌入中国的热钱大量增加,然而,对发展中国家而言,热钱的大量涌入也许是下一轮大规模资本外逃的序幕,而货币错配引起的大量资本突然外逃,是近几年持续发生的金融危机的重要原因之一。文章利用1986-2005年的统计数据对中国货币错配与资本外逃的关系进行实证分析,结果显示:货币错配与资本外逃之间存在着显著的正相关关系,中国的货币错配促进了资本外逃,是资本外逃的重要原因之一。The inflow of hot money into China has been increasing rapidly in recent years. For the developing countries, the considerable inflow of hot money maybe the prologue of extensive capital flight in the next round, and the large unexpected capital flight aroused by currency mismatch is one of the critical reasons for the financial crisis happened recently. This paper uses data from 1986- 2005 to study the relationship between currency mismatch and capital flight In China. The result indicates that there exists considerable positive relationship between currency mismatch and capital flight, which means currency mismatch in China promotes the capital flight and is one of the significant reasons for it.

关 键 词：资本外逃 货币错配 AECM指数 

分 类 号：F822[经济管理—财政学]