中国金融稳定指数构建研究  

Research on the construction of China’s financial stability index

作　　者：滑冬玲[1] Hua Dongling(School of Economics,Tianjin Normal University,Tianjin 300387,China)

机构地区：[1]天津师范大学经济学院,天津300387

出　　处：《江苏科技信息》2023年第29期68-72,共5页Jiangsu Science and Technology Information

基　　金：教育部人文社科规划项目,项目名称:多层次微观金融稳定预警指数构建及应用,项目编号:17YJA790031。

摘　　要：一国金融稳定状况需要多维指标测度,多个指标同一时期变动可能不一致。利用金融稳定指数综合测度系统性金融风险,有助于从整体上认识金融稳定状况。结合中国金融体系及金融统计体系的特点,文章从IMF“金融稳定指标体系”中选取了15个指标,基于这些指标2008—2018年的季度数据,利用动态因子法构建了2008—2018年中国金融稳定指数。中国金融稳定指数显示,在样本区间内中国金融体系总体较为稳定,该指数能够反映国外金融冲击和国内局部市场动荡对金融稳定的影响,有助于政策制定者和投资者直观地判断中国金融稳定的整体状况。The financial stability of a country requires multidimensional indicators to measure,and multiple indicators may vary over the same period.The use of the financial stability index to comprehensively measure systemic financial risks helps to understand the overall state of financial stability.Based on the characteristics of China’s financial system and financial statistics system,the article selects 15 indicators from the IMF’s“Financial Stability Index System”.Based on the quarterly data from 2008 to 2018 of these indicators,the dynamic factor method is used to construct the China financial stability index from 2008 to 2018.The China financial stability index shows that the overall stability of China’s financial system is relatively stable within the sample range.This index can reflect the impact of foreign financial shocks and local market turbulence on financial stability,helping policy makers and investors to intuitively judge the overall situation of China’s financial stability.

关 键 词：中国金融稳定指数 金融稳定 动态因子法 

分 类 号：F830[经济管理—金融学]