迪拜债务危机:基于主权财富基金与流动性的解析  

On the Mechanism of Dubai Debt Crisis:Based on Sovereign Wealth Funds and Liquidity Crisis View

作　　者：李成[1] 张炜[1] 李文乐[2] 

机构地区：[1]西安交通大学经济与金融学院,陕西西安710061 [2]昆士兰大学商学院

出　　处：《西安交通大学学报（社会科学版）》2010年第2期60-64,共5页Journal of Xi'an Jiaotong University：Social Sciences

基　　金：教育部"国际金融危机应对研究"应急课题(2009JYJR058)

摘　　要：通过构建风险投资行为与流动性危机模型,对投资机构的风险投资行为及其与流动性危机的关系进行了解析。同时结合"类主权财富基金"的特殊性质,对迪拜债务危机进行了现实透视,可以发现:投资机构的风险投资行为将导致社会风险资产总体规模高于社会有效水平;债务危机是投资机构非理性扩张的必然结果;迪拜"类主权财富基金"的特殊性质是引发其债务危机的重要原因。we analyze the activities of investment and it＇ s relation between liquidity crisis by design ＂activities of in- vestment institutions and liquidity crisis＂ model. We take into account the debt factor in the model aim at Dubai debt crisis. And then, research the Dubai debt crisis based on the Dubai World＇ s specialty of ＂sub-sovereign wealth funds＂. The conclusions are ： the activities of investment institutions will induce the scale of investment exceed the efficient quan- tity as a whole; Dubai debt crisis is the result of investment institutions＇ expandability ; The Dubai World＇ s specialty of ＂sovereign wealth funds＂ is important cause of Dubai debt crisis.

关 键 词：迪拜债务危机 类主权财富基金 流动性危机 

分 类 号：F113.7[经济管理—国际贸易]