所属 広島修道大学 経済科学部 職種 教授
|The Flow of Funds and Macro Financial Surveillance in China: The Sectoral Perspective
|Economic Histor, Flow of funds, Information syatem and oprations Research
|Kyushu University Press
|Zhang designed of the work, interpreted the results, made the full draft, and revised the manuscript. Zhu made calculations and created figures.
|Nan Zhang and Li Zhu
|This paper attempts to compile the capital flow and stock matrix of the Who-to-Whom (W-to-W) model proposed by the monetary and financial statistics manual with published by IMF, and observe effect and problems of China’s capital circulation and macroeconomic regulation and control from a sectoral perspective. Since the 2008 U.S. financial crisis, China's economic pattern has undergone tremendous changes. In order to strengthen macroeconomic monitoring, this paper, from the sectoral perspective of the flow of funds, describes the characteristics of the uses and sources of funds in each sector, and develops the Chinese flow-of-funds matrix and financial asset-liability matrix for the period 1998-2020 by using the data of fund flows and stocks.