俄罗斯金融体系风险与跨境资本流动关系初探  

The Relationship between the Risks of Russia’s Financial System and Cross-Border Capital Flows

作　　者：郑维臣[1] Zheng Weichen

机构地区：[1]中国人民银行沈阳分行

出　　处：《欧亚经济》2023年第1期25-34,125,共11页Journal of Eurasian Economy

摘　　要：近20年来,俄罗斯频繁发生跨境资本大规模流出,特别是2008年和2014年金融账户逆差均超千亿美元。该文回顾了俄罗斯这两次跨境资本大规模流出对其金融体系的影响,得出以下结论:跨境资本流动与金融体系风险存在着紧密的联系,跨境资本的大规模流出可能引发外汇市场风险、金融机构风险和股票市场风险上升;跨境资本流出对金融体系冲击的强弱与前期跨境资本流动形势有着紧密的联系;具有弹性的汇率制度可以减弱跨境资本流动对金融体系的冲击。This paper reviews the impact of the two massive outflows of cross-border capital of 2008 and 2014 on Russia’s financial system.The result of this study indicates that there is an intimate connection between cross-border flows of capital and financial system risks and it is probable that the massive outflows of cross-border capital will trigger the rise in exchange market risks,financial institution risks and stock market risks.The extent of the impact from massive outflows of cross-border capital is closely connected to the previous situation of cross-border capital outflows.

关 键 词：俄罗斯 金融体系 跨境资本 国际收支 

分 类 号：F835.12[经济管理—金融学]