摘要
现有文献对于金融开放的测度主要从资本账户开放和金融市场开放两个层面展开。资本账户开放测度一直是金融开放测度的重点,其包括两个方法,基于资本跨境交易法律法规等限制措施的名义测度和基于实际资本流动的事实测度,其以各国政府为中心,侧重于金融开放的宏观层面;金融市场开放测度主要衡量金融服务部门的对内和对外开放水平,也可以分为名义承诺开放水平和实际开放水平,其以金融市场和金融中介为中心,侧重于金融开放的微观层面。在金融开放的实际测度中,应结合两种测度方法以求反映金融开放的全貌。
Studies on the measurement of financial openness consist of two branches:capital account liberalization and financial market openness.Capital account liberalization is always the key point of financial openness measurement.Its measurement focuses on the macro dimension of financial openness.In this aspect two types of methods are involved:nominal measurements based on the regulations of cross-border capital transactions and real measurements based on capital mobility.Financial market openness emphasizes the openness of financial service sector,which is the micro dimension of financial openness.To reflect the whole picture of financial openness,the two methods should be integrated.
出处
《金融评论》
2012年第5期110-121,126,共12页
Chinese Review of Financial Studies
基金
英国外交与联邦事务部的研究经费资助
宁波诺丁汉大学与中国社会科学院财经战略研究院联合获得的中国繁荣战略项目基金“中国金融、贸易与创新的未来”研究项目的金融开放指数的重要研究内容
