“一带一路”倡议与全球金融失衡治理——基于外部资产负债视角  

“The Belt and Road”Initiative and Global Financial Imbalance Governance——Based on the Perspective of External Assets and Liabilities

作　　者：汪青 杨秋菊 杨权[3] WANG Qing;YANG Qiu-ju;YANG Quan

机构地区：[1]江西财经大学国际经济与政治学院 [2]江苏大学财经学院 [3]厦门大学经济学院,厦门361001

出　　处：《现代金融研究》2024年第10期48-58,共11页Journal of modern finance

基　　金：江苏高校哲学社会科学研究重大项目“金融业开放与跨境资本流动风险传染研究”(2024SJZD035);国家社会科学基金青年项目“平台经济的运行机制及演进趋势研究”(22CKS049);江西财经大学课题“东南亚国家治理能力与‘一带一路’高质量发展的耦合协调研究”的资助。

摘　　要：基于2000-2020年142个经济体的数据,本文引入广义合成控制法(GSC)检验了“一带一路”倡议对参与国金融失衡的影响。研究发现:“一带一路”倡议显著改善了参与国的金融失衡程度,对全球经济治理呈现出积极作用;金融失衡改善效应对金融发展程度较低、经常账户持续性逆差以及内陆经济体更为显著;机制检验揭示,“一带一路”倡议通过资金融通和权益资产结构优化渠道对参与国金融失衡的缓解产生积极作用。Based on the data of 142 economies during 2000-2020,this paper introduced Generalized Synthetic Control(GSC)method to examine the influences of“the Belt and Road”Initiative on the financial imbalance of participating countries.The results show that“the Belt and Road”Initiative has significantly alleviated financial imbalance for participation entities and played a positive role in global governance.The alleviation effect is more significant in economies with low level of financial development,economies with persistent current account deficit,and inland economies.Mechanism analysis reveals that“the Belt and Road”Initiative alleviates the financial imbalance through channels of financing and optimization of the structure of equity assets.

关 键 词：“一带一路” 金融失衡 资金融通 全球治理 

分 类 号：F125[经济管理—世界经济] F831