山东财政学院学报
山東財政學院學報
산동재정학원학보
JOURNAI OF SHANDONG FINANCE INSTITUTE(BIMONTHLY)
2011年
4期
37-43
,共7页
G函数%价格增长模型%固定替代弹性定律
G函數%價格增長模型%固定替代彈性定律
G함수%개격증장모형%고정체대탄성정률
interest rates%cross-border payments%balance of international payments
利率作为资金成本与收益的重要衡量指标,对跨境资金流动具有举足轻重的影响。尤其是在当前中美利差不断扩大的现实情况下,研究国内外利差变动对跨境收支的影响具有较强的现实意义。通过实证研究发现,中美利差变动对跨境收支具有较大影响,并带来套利资金的加快流入,并提出了相应的政策建议。
利率作為資金成本與收益的重要衡量指標,對跨境資金流動具有舉足輕重的影響。尤其是在噹前中美利差不斷擴大的現實情況下,研究國內外利差變動對跨境收支的影響具有較彊的現實意義。通過實證研究髮現,中美利差變動對跨境收支具有較大影響,併帶來套利資金的加快流入,併提齣瞭相應的政策建議。
리솔작위자금성본여수익적중요형량지표,대과경자금류동구유거족경중적영향。우기시재당전중미리차불단확대적현실정황하,연구국내외리차변동대과경수지적영향구유교강적현실의의。통과실증연구발현,중미리차변동대과경수지구유교대영향,병대래투리자금적가쾌류입,병제출료상응적정책건의。
Interest rate, as an important measure of the cost of capital and profit, has a significant impact on cross - border capital flows. At present, the interest margin between China and US is getting wider, so it is especially significant to study the influence of the interest rate spreads on the cross-border payments both at home and abroad. Through the empirical study, we find out that the changes of the interest rate spreads in China and the US have a relatively big influence on cross-border payments, and as the same time, bring a faster inflow of the arbitrage capital. Finally, some relevant policy suggestions are put forward.