本文選題：股票市場　切入點：短期資本流動　出處：《經(jīng)濟問題》2017年05期

【摘要】：通過定義、測算2008-2015年中國的進出口偽報和金融賬戶中的非直接投資數(shù)量,度量這一時期中國的短期國際資本流動,進而建立VAR模型分析其對中國企業(yè)債發(fā)行的影響。計量結(jié)果顯示,短期資本流入使得企業(yè)債發(fā)行先增加后減少,影響時間持續(xù)2~3個月,總體解釋力度約在15%左右;進出口偽報和非直接投資兩個組分對企業(yè)債發(fā)行的影響在幅度、方向與動態(tài)性質(zhì)上存在差異。
[Abstract]:Through the definition, this paper measures the amount of indirect investment in China's import and export bogus and financial accounts from 2008 to 2015, measures the short-term international capital flow of China in this period, and then establishes the VAR model to analyze its impact on the issuance of Chinese corporate bonds.The measurement results show that the short-term capital inflow makes the issuance of corporate bonds increase first and then decrease, and the impact time lasts for 2 to 3 months, and the overall explanation is about 15%, and the influence of the two components of import and export false report and indirect investment on the issuance of corporate bonds is in the range.There are differences in direction and dynamic properties.
【作者單位】： 北京大學(xué)經(jīng)濟學(xué)院;
【分類號】：F832.6

【相似文獻】

相關(guān)期刊論文 前10條

1 馮菊平;國際短期資本流動的影響及對策[J];中國經(jīng)貿(mào)導(dǎo)刊;2000年18期

2 李，

本文編號：1712370