金融业的稳健与吸引外资——对波兰、捷克、匈牙利三国的实证研究

Financial Stability and Capital Inflows: A Case Study on Czech Republic, Hungary and Poland

本文对近10年来波兰、捷克和匈牙利三国金融业的稳健性与吸引国际资本的关系进行了经验和实证分析。在考察波、捷、匈三国金融体系的主要特征以及描述金融银行业内部稳健和外部稳健的两组指标的基础上,本文分析了这些国家金融转型不同阶段吸引外资的情况,定义了一组描述不同形式外资的变量指标,进而运用面板数据基准模型(benchmark model)对波、捷、匈三国金融体系稳健对吸引外资的作用和影响进行实证检验,并提出了相关的政策建议和措施。

This article focuses on the relationship between financial stability and capital inflows in Czech Republic, Hungary and Poland. It describes the common characters of these three transition economies＇ financial system and five types of financial variables, investigates capital inflows during different stages of transition, and defines variables of capital inflows, and further discusses the important linkage between financial stability and capital inflows, using a benchmark model, to give some suggestions.