主权财富基金和金砖国家合作

发布时间：2018-05-24 21:32

  本文选题：金砖国家 + 主权基金　； 参考：《复旦大学》2013年博士论文

【摘要】：主权财富基金(Sovereign Wealth Funds,简称SWF),是由主权国家建立和拥有的,主要用于境内外长期投资的国有金融资产。主权财富基金的资金来源于自然资源出口创汇,外汇储备和财政盈余。由政府成立的专门投资机构进行管理和运作。金砖国家主权财富基金是近年来随着金砖国家的经济发展而日益壮大,在国际金融舞台初露端倪,是国际金融市场中的新生力量。对西方发达国家而言,金砖国家主权财富基金特殊的资金结构、巨大的体量和不同的意识形态,给其带来了强烈的不安和猜疑。上世纪70年代开始形成的石油输出国组织的巨额外汇盈余导致了国际金融体系的建立,1作为同样来源于超剩外汇的主权财富基金,必然会对现行国际金融体系产生异曲同工的影响。如何解读金砖国家主权基金对现有的国际金融体系带来的冲击,是严肃的政治课题。同时,以在经济全球化为背景,寻求金砖国家主权财富基金与西方国家合作模式,才达到“双赢”效益,是无法避免的课题。本文在国内外相关研究成果的基础上,综合运用国际政治经济学、外交学、统计学和经济学等相关学科的理论学说,试图分析和揭示金砖国家主权财富基金和西方发达国家之间相互构建“既竞又合”的合作博弈关系,并为金砖国家积极参与全球金融体系新秩序的建立提供理论上的探索和方法论上的研究。本文创新的观点主要有：(1)用建构主义理论,从文化角度对金砖国家主权财富基金和西方发达国家的合作进行分析,金砖国家作为市场进入的后来者,必须和当今西方国家为主导的金融机构、监管单位和政治体系进行互动和沟通,金砖国家主权财富基金在现在和将来都不是全球金融体系的替代者或破坏者,而是合作者和建设者。(2)目前,由于西方发达国家和金砖国家主权财富基金之间信任机制缺失,金砖国家必须主动在公司治理、透明度和投资战略上与西方国家达成共识,同时,构建金砖国家相互之间的互信机制,建立和西方发达国家整体性的对话机制。(3)金砖国家未来的出路在于其相互间内部的紧密合作,减少金砖国家各自经济发展的不平衡状况,从国家层面、市场层面和游戏规则上展开互补,互惠的协同共进,并将金砖国家主权财富基金作为其对外经济战略升级的一部分,在全球经济新秩序的建立中获得更多的话语权。
[Abstract]:Sovereign Wealth funds, established and owned by sovereign states, are mainly used for long-term investment in state-owned financial assets at home and abroad. Sovereign wealth funds are financed by export of natural resources, foreign exchange reserves and fiscal surpluses. It is managed and operated by a special investment agency set up by the government. The BRICS sovereign wealth fund is a new force in the international financial market. For the Western developed countries, the special funding structure, huge size and different ideologies of the BRICS sovereign wealth funds have given them a strong sense of unease and suspicion. The huge foreign exchange surplus of the Organization of Petroleum Exporting countries (OPEC), which began to form in the 1970s, led to the establishment of the international financial system as a sovereign wealth fund, also derived from excess foreign exchange. It is bound to have a similar impact on the current international financial system. How to interpret the impact of BRICS sovereign funds on the existing international financial system is a serious political issue. At the same time, in the context of economic globalization, it is inevitable to seek the cooperation model between BRICS sovereign wealth funds and Western countries to achieve "win-win" benefits. Based on the relevant research results at home and abroad, this paper synthetically applies the theories of international political economics, diplomacy, statistics and economics, etc. This paper attempts to analyze and reveal the cooperative game relationship between BRICS sovereign wealth funds and western developed countries. It also provides theoretical and methodological research for BRICS countries to participate in the establishment of a new global financial system. The main innovative ideas of this paper are: (1) using constructivism theory to analyze the cooperation between BRICS sovereign wealth funds and western developed countries from the perspective of culture, the BRICS countries as the latecomers of market entry. The BRICS Sovereign Wealth Fund is and will not be a substitute or destroyer for the global financial system, and must interact and communicate with the financial institutions, regulators and political systems that are dominated by the West today, and the BRICS sovereign wealth fund is and will not be a substitute for the global financial system. But collaborators and builders.) at present, due to the absence of a trust mechanism between the Western developed countries and the BRICS sovereign wealth funds, the BRICS countries must take the initiative to reach a consensus with the Western countries on corporate governance, transparency and investment strategies, and at the same time, The way forward for the BRICS countries lies in their close cooperation within each other to reduce the imbalance in their respective economic development. At the national level, the market level and the rules of the game are complementary, mutually beneficial and mutually beneficial, and the BRICS Sovereign Wealth Fund is included as part of the upgrading of its external economic strategy, In the establishment of a new global economic order to gain more voice.
【学位授予单位】：复旦大学
【学位级别】：博士
【学位授予年份】：2013
【分类号】：F831.5
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本文编号：1930611