财经理论与实践
財經理論與實踐
재경이론여실천
The Theory and Practice of Finance and Economics
2013年
2期
15~19
,共null页
量化宽松货币政策 短期资本流动 实证分析
量化寬鬆貨幣政策 短期資本流動 實證分析
양화관송화폐정책 단기자본류동 실증분석
Quantitative easing; Short-term capital flow; Empirical analysis
在分析美国三轮量化宽松货币政策发展情况及金融危机期间我国短期资本流入状况基础上,对美国量化宽松货币政策对我国短期资本流动的影响进行实证分析,结果发现：美国利率的变化对我国短期资本流动具有短期推动作用,但长期内趋于平衡;美国直接量化的货币政策会造成我国短期资本大量流入。
在分析美國三輪量化寬鬆貨幣政策髮展情況及金融危機期間我國短期資本流入狀況基礎上,對美國量化寬鬆貨幣政策對我國短期資本流動的影響進行實證分析,結果髮現：美國利率的變化對我國短期資本流動具有短期推動作用,但長期內趨于平衡;美國直接量化的貨幣政策會造成我國短期資本大量流入。
재분석미국삼륜양화관송화폐정책발전정황급금융위궤기간아국단기자본류입상황기출상,대미국양화관송화폐정책대아국단기자본류동적영향진행실증분석,결과발현：미국리솔적변화대아국단기자본류동구유단기추동작용,단장기내추우평형;미국직접양화적화폐정책회조성아국단기자본대량류입。
After the research on the quantitative easing monetary policy and the short-term capital inflows of China in the financial crisis,the empirical analysis of the influence of the Quantitative Easing on China＇s short-term capital flow has been done.The results show that the dynamic of interest rates in USA has short-term push effects on China＇s short-term capital flow,however,the balance can be achieved in a long term.And the quantitative easing increase sharply the short-term capital inflows.
