广义多维空间效应下的金融冲击路径动态演变机制

发布时间：2018-05-23 18:52

  本文选题：空间计量 + 金融系统网络　； 参考：《系统工程》2017年04期

【摘要】：金融领域虚拟化趋势加快,促进金融市场与实体经济的协同发展迫在眉睫,捕捉各市场之间的空间效应,提高估计精度成为金融领域研究热门。本文通过引入区域空间引力效应,结合金融市场和实体经济指标,定义广义经济测度距离和引力空间权重矩阵,构造广义多维经济空间,建立全球金融系统网络拓扑结构和空间计量层次模型,利用Bonacich网络关键性节点测度算法,研究金融冲击路径动态演变机制。研究表明:广义多维经济空间捕捉金融市场多维空间效应具有显著优势,金融冲击存在区域聚集性且动态演变,冲击路径关键性节点市场与金融市场发达程度没有必然联系,欠发达金融市场也可能成为关键性节点,关键性节点市场形成的冲击传染速度更快,传导范围更广。
[Abstract]:The trend of financial virtualization is speeding up, and it is urgent to promote the coordinated development of financial market and real economy. Therefore, to capture the spatial effect between the markets and improve the estimation accuracy has become a hot research topic in the financial field. In this paper, by introducing the regional spatial gravity effect and combining the financial market and the real economy index, the generalized economic measure distance and gravity space weight matrix are defined to construct the generalized multidimensional economic space. The global financial system network topology and spatial metrological hierarchy model are established, and the dynamic evolution mechanism of financial shock path is studied by using the key node measure algorithm of Bonacich network. The research shows that the generalized multidimensional economic space has significant advantages in capturing the multidimensional spatial effect of financial market, the financial shock has regional aggregation and dynamic evolution, and the critical node of impact path is not necessarily related to the degree of financial market development. The underdeveloped financial market may also become the key node, the key node market forms the impact contagion speed faster, the transmission scope is wider.
【作者单位】： 电子科技大学经济与管理学院;中证信用增进股份有限公司;
【基金】：国家社会科学基金一般项目(14BJY174) 教育部人文社会科学研究一般项目(12YJA790125)
【分类号】：F831
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本文编号：1925917