Record Details

The Research on Financial variables’ Influence on Net Foreign Assets

Asian Business Research

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Field Value
 
Title The Research on Financial variables’ Influence on Net Foreign Assets
 
Creator Zhai, Shujuan
 
Description Based on the rapid development of the financial integration and the emergence of global imbalances, this paper takes 49 countries multinational panel data from 1980-2011 as research samples and the state net foreign assets as the research object. In the perspective of financial integration, in order to find out the effect of financial variables on the net foreign assets, we also introduce the financial development, financial structure and financial opening variables. Through research, we can conclude that financial integration and financial opening both supplement each other, the optimization of financial structure helps to improve a country's foreign net imbalance situation, and a country's financial structure can be optimized with the improvement of integration. So we believes that China should (1) increase the diversification of foreign exchange reserves and promote the internationalisation of the renminbi. (2) Improve domestic savings-investment mechanism, develop the multi-level financial market, and improve the efficiency of the financial system and the level of innovation. (3) Reform the system of capital controls and strengthen cooperation with emerging economies, thus improving our foreign net imbalance, and achieving a smooth transition of developing countries to developed countries.
 
Publisher July Press Pte. Ltd.
 
Contributor —
 
Date 2017-05-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.julypress.com/index.php/abr/article/view/149
10.20849/abr.v2i2.149
 
Source Asian Business Research; Vol 2, No 2 (2017); p23
2424-8983
2424-8479
 
Language eng
 
Relation http://journal.julypress.com/index.php/abr/article/view/149/143
 
Rights Copyright (c) 2017 Shujuan Zhai
http://creativecommons.org/licenses/by/4.0