亚太经济
亞太經濟
아태경제
Asia-Pacific Economic Review
2012年
5期
37~42
,共null页
东亚 金融一体化 数量衡量法 价格衡量法
東亞 金融一體化 數量衡量法 價格衡量法
동아 금융일체화 수량형량법 개격형량법
Financial Integration in East Asia, Quantity Analysis Method, Price Analysis Method
东亚金融一体化程度在日趋增强,尤其是2007年全球金融危机之后,一体化呈现加速态势。但东亚金融一体化存在明显的失衡,债券市场与股票市场的一体化程度和推进速度存在显著差距。与此同时,金融一体化的不断推进也为东亚带来了国内、区域和全球三个层面的挑战,这些挑战成为东亚金融一体化继续推进的重要“反作用力”。
東亞金融一體化程度在日趨增彊,尤其是2007年全毬金融危機之後,一體化呈現加速態勢。但東亞金融一體化存在明顯的失衡,債券市場與股票市場的一體化程度和推進速度存在顯著差距。與此同時,金融一體化的不斷推進也為東亞帶來瞭國內、區域和全毬三箇層麵的挑戰,這些挑戰成為東亞金融一體化繼續推進的重要“反作用力”。
동아금융일체화정도재일추증강,우기시2007년전구금융위궤지후,일체화정현가속태세。단동아금융일체화존재명현적실형,채권시장여고표시장적일체화정도화추진속도존재현저차거。여차동시,금융일체화적불단추진야위동아대래료국내、구역화전구삼개층면적도전,저사도전성위동아금융일체화계속추진적중요“반작용력”。
This paper use two methods of quantity and price in stock and band markets to study the current situation of the East Asian financial integration. First, the degree of financial integration in East Asia is increas- ingly enhanced, especially after the 2007 global financial crisis, the integration is accelerating. Second, there is a significant imbalances in the financial integration of East Asia and there is a significant gap in te pace and degree of bond and stock market. At the same time, the continuous progress of financial integration of East Asia bring challenges in the level of domestic, regional and global. These challenges become the "reaction force" in promo- ting the financial integration in East Asia.