东北亚论坛
東北亞論罈
동북아론단
Northeast Asia Forum
2012年
6期
91~98
,共null页
2008年金融危机 危机强度 主要影响因素 MIMIC模型
2008年金融危機 危機彊度 主要影響因素 MIMIC模型
2008년금융위궤 위궤강도 주요영향인소 MIMIC모형
financial crisis in 2008; crisis intensity; main impact factors; MIMIC model
2008年由美国次贷危机引发的＂金融海啸＂席卷全球,日本经济也受到了强烈的冲击。日本MIMIC模型的建立发现了影响日本＂危机强度＂的国内信贷/GDP和政府债务/GDP两个国内主要影响因素,对各种传染渠道进行检验后发现了这次引起日本金融危机的主要是贸易传染渠道,对上述国内外主要影响因素进行分析,日本政府为刺激经济的一系列扩张性政策,在金融市场中并没有转化为有效的投资和需求反而大大增加了政府债务。
2008年由美國次貸危機引髮的＂金融海嘯＂席捲全毬,日本經濟也受到瞭彊烈的遲擊。日本MIMIC模型的建立髮現瞭影響日本＂危機彊度＂的國內信貸/GDP和政府債務/GDP兩箇國內主要影響因素,對各種傳染渠道進行檢驗後髮現瞭這次引起日本金融危機的主要是貿易傳染渠道,對上述國內外主要影響因素進行分析,日本政府為刺激經濟的一繫列擴張性政策,在金融市場中併沒有轉化為有效的投資和需求反而大大增加瞭政府債務。
2008년유미국차대위궤인발적＂금융해소＂석권전구,일본경제야수도료강렬적충격。일본MIMIC모형적건립발현료영향일본＂위궤강도＂적국내신대/GDP화정부채무/GDP량개국내주요영향인소,대각충전염거도진행검험후발현료저차인기일본금융위궤적주요시무역전염거도,대상술국내외주요영향인소진행분석,일본정부위자격경제적일계렬확장성정책,재금융시장중병몰유전화위유효적투자화수구반이대대증가료정부채무。
The financial crisis caused by U.S. subprime mortgage crisis influenced the whole world in 2008. The economy of Japan h~ also been impacted intensively. In the paper, the MIMIC model of Japan was established and two major domestic factors were found which influenced the ＂ crisis intensity＂ of Japan, and that were domestic credit / GDP and government debt / GDP. According to the test of contagion channels, the main contagion channel of the financial crisis of Japan was the trade contagion channel. These domestic and international impact factors were analyzed. A series of expansionary policies of Japanese government to stimulate the economy had not been translated into effective investment and demand in the financial markets but increased the government debt greatly.
