暨南学报(哲学社会科学版)

作者：李永刚, 刘伟, 潘再见

单位：上海立信会计金融学院财税与公共管理学院副教授;刘伟,华东政法大学商学院教授;潘再见,福建师范大学经济学院副教授。

关键词：金融冲击,金融状况指数,发达经济体,新兴经济体

基金：上海市哲学社会科学规划一般项目《沪渝房产税试点效果差异性及其对未来房地产税制度启示研究》。

论文对金融状况指数进行了拓展,并使用33个金融指标对39个发达经济体和新兴经济体1991—2016年月度金融状况指数进行了估计,以研究国际金融冲击对国内金融状况的影响。基于VAR模型的结果表明,国内金融状况指数波动的较大份额归因于国际金融冲击和国内货币政策,国际金融状况指数的共同部分解释了具有显著的异质性国家国内金融状况指数。这一实证研究的政策含义在于:各国政府应优先考虑国内金融深化,尤其是开发包括银行和非银行金融中介机构在内的国内投资者金融环境,并促进股票和债券市场的深度发展,从而增强对全球金融冲击的应变能力。中国作为世界第一大新兴经济体,应积极防范全球金融状况急剧变化所带来的金融风险。"/>template{display:none;}.mag-rich-xref-fn { cursor: pointer;}//长视频$(document).ready(function(){if($("#showLongArticleVideo") && $("#showLongArticleVideo").length && $("#showLongArticleVideo").length>0){mag_ajax_update({ele_id:'showLongArticleVideo',url:mag_currentQikanUrl() + "/CN/article/showLongArticleVideo.do?id="+$("#articleId").val()});}});$(document).ready(function(){window.metaData = {"journal":{"issn":"1000-5072","qiKanMingCheng_CN":"暨南学报（哲学社会科学版）","id":2,"qiKanMingCheng_EN":"Jinan Journal"},"fundList_cn":["上海市哲学社会科学规划一般项目《沪渝房产税试点效果差异性及其对未来房地产税制度启示研究》。"],"article":{"keywordList_cn":["发达经济体","金融冲击","金融状况指数","新兴经济体"],"juan":"42","zhaiyao_cn":"论文对金融状况指数进行了拓展,并使用33个金融指标对39个发达经济体和新兴经济体1991—2016年月度金融状况指数进行了估计,以研究国际金融冲击对国内金融状况的影响。基于VAR模型的结果表明,国内金融状况指数波动的较大份额归因于国际金融冲击和国内货币政策,国际金融状况指数的共同部分解释了具有显著的异质性国家国内金融状况指数。这一实证研究的政策含义在于:各国政府应优先考虑国内金融深化,尤其是开发包括银行和非银行金融中介机构在内的国内投资者金融环境,并促进股票和债券市场的深度发展,从而增强对全球金融冲击的应变能力。中国作为世界第一大新兴经济体,应积极防范全球金融状况急剧变化所带来的金融风险。","endNoteUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/article/getTxtFile.do?fileType=EndNote&id=6430","reference":"","bibtexUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=BibTeX&id=6430","abstractUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2020/V42/I8/40","qi":"8","id":6430,"nian":2020,"bianHao":"2020-8-40","zuoZheEn_L":"LI Yonggang, LIU Wei, PAN Zaijian","juanUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2020","shouCiFaBuRiQi":"2020-07-17","qiShiYe":"40","qiUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/Y2020/V42/I8","lanMu_cn":"经济·管理","pdfSize":"2495","zuoZhe_CN":"李永刚, 刘伟, 潘再见","risUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=Ris&id=6430","title_cn":"金融冲击对金融状况影响研究——基于39个发达经济体和新兴经济体的实证分析","jieShuYe":"53","keywordList_en":["developed economies","emerging economies","financial conditions index","financial shocks"],"endNoteUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=EndNote&id=6430","zhaiyao_en":"This paper expands the traditional financial conditions index, and uses 33 financial indicators to estimate the monthly financial conditions index of 39 developed and emerging economies from 1991 to 2016 to study the impact of international financial shocks on the domestic financial conditions. 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来源：2020年第8期

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