新兴市场国家金融部门FDI增长中的“传染效应”研究

发布时间：2018-07-13 14:07

【摘要】：本文从跨国银行内部的金融联系入手,分析了跨国银行通过内部资本市场对其子银行提供资金支持并在各子银行之间有效配置资本、借此影响和控制子银行信贷的行为。在此基础上,以中东欧、波罗的海国家以及中国为例,分析了发达国家的跨国银行遭受全球金融危机冲击后的行为选择,证明了发达国家的跨国银行对新兴市场国家金融部门的直接投资在全球金融危机期间放大了母国与东道国银行部门之间的"传染效应"。鉴于中国的银行业已经向外资开放,金融监管当局应以中东欧及波罗的海国家的教训为戒,在继续实施金融开放战略的同时,谨慎对待出售本土金融机构的控股权,防止银行过度"外资化",以避免由此导致对本国银行体系的冲击。
[Abstract]:This paper starts with the internal financial relations of the transnational banks and analyzes the behavior of the multinational banks in providing capital support to their sub-banks through the internal capital market and effectively allocating capital among the sub-banks in order to influence and control the behavior of the sub-banks' credit. On this basis, taking Central and Eastern Europe, Baltic countries and China as examples, this paper analyzes the behavior choices of multinational banks in developed countries after being hit by the global financial crisis. This proves that the direct investment in the financial sector of emerging market countries by multinational banks in developed countries amplified the "contagion effect" between the home and host banking sectors during the global financial crisis. In view of the opening up of China's banking sector to foreign investment, financial regulators should follow the lessons of the Central and Eastern Europe and the Baltic States and, while continuing their financial opening strategy, be cautious in selling controlling stakes in local financial institutions. To prevent excessive "foreign investment" of banks in order to avoid the resulting impact on the country's banking system.
【作者单位】：吉林大学中国国有经济研究中心;中国美国经济学会;中国世界经济学会;中国国际金融学会;吉林大学经济学院;
【基金】：教育部“国际金融危机应对研究”应急课题(课题批准号:2009JYJR053)
【分类号】：F831.7

【参考文献】