張 南 所属 広島修道大学 経済科学部 職種 教授 |
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言語種別 | 日本語 |
発行・発表の年月 | 2013/06 |
形態種別 | 学術論文 |
標題 | Flow of Funds Matrices and Calculation on Risk Influencing |
執筆形態 | 単著 |
掲載誌名 | Statistical Research |
巻・号・頁 | Vol.30(No.6),67-77頁 |
頁数 | 11 |
概要 | This research transposes the data which from China’s Flow of Funds Account to Flow of Funds Matrix, and clarifies the feature of the assets and the liabilities between sectors. Then, using the principle of Leontief Inverse, author builds the ripple effect model for measuring financial risk, conducts a multiplier analysis to explain the ranking of the risk ripple effect of each financial transaction item, and analyzes the final ripple effect of the systematic financial risk in the whole China’s financial market. Results from estimation and analysis suggest that the systematic risk of each one of China’s financial transaction items in 2010 was higher than that of the U.S that generated the subprime mortgage crisis in 2007, raising relevant policy implications for authorities. |