我国跨境套利资金流出入规模测算与评估  

The Estimation and Assessment of the Scale of China's Cross-border Arbitrage Funds

作　　者：曾令美[1] 周庆武[2] 

机构地区：[1]华东师范大学商学院,上海200062 [2]中国人民银行上海总部,上海200120

出　　处：《上海金融》2010年第11期84-89,共6页Shanghai Finance

摘　　要：本文认为:由于跨境套利资金具有较强隐蔽性,难以直接统计其规模,文中引入"经济的外部结构参数",合理直观地测算估算了1997年-2010年上半年我国的跨境套利资金流出入规模。结果表明,近些年来,除2008年发生国际金融危机外,跨境套利资金流入我国规模一直较大,且增速较快。有关指标检验表明计算结果比较合理。Given the concealment of cross-border arbitrage funds, it is hard to directly calculate the scale of China＇s cross-border arbitrage funds. The paper introduces the concept of external structural parameter of economy, to reasonably estimate and assess the scale of China＇s cross-border arbitrage funds during 1997 to the first half of 2010. The result shows that in recent years, except in 2008, arbitrage funds have been fluxed into China in large scale with a rapid growth rate. The paper also conducts test to show that this calculation is quite reasonable.

关 键 词：跨境套利资金 经济的外部结构参数 政策配合 

分 类 号：F830[经济管理—金融学]