绿色金融发展对我国金融安全的作用研究

Research on the role of green financial development inChina’s financial security

经济发展过程中带来的日益突出的环境和资源问题,已经给正处在经济结构转型重要时期的我国的金融安全带来了冲击。绿色金融作为支持环境改善与应对气候变化的金融活动,在改善环境和维护金融安全的稳定中扮演着越来越重要的角色。选取2016年1月—2019年12月的月度时间序列数据,采用主观赋值与主成分分析法构造了金融安全指标,同时通过因子分析构造了影响我国当前金融安全水平的绿色金融发展以及各宏观经济因素指标,在此基础上建立了VAR模型,就我国的绿色金融发展与金融安全水平间的内在联系和机理进行了实证研究。结果表明,无论在长期还是短期,绿色金融的发展都对我国的金融安全具有显著的促进作用。

The environmental and resource shortage are now the outstanding problems in the economic development,which have impacted on the financial safety of our country in the important period of economic structure transformation.As a resolution to support environmental improvement and cope with climate change,green finance plays an increasingly important role in improving the environment and maintaining the stability of financial security.This paper selects the monthly time series data from January 2016 to December 2019,constructs the financial security index with subjective assignment and principal component analysis.It also constructs the indicators of green financial development and various macroeconomic factors that affect China’s current financial security level by means of factor analysis.On this basis,it builds up the VAR model,and conducts an empirical study on the internal relationship and mechanism between China’s green financial development and financial security level.The results show that the development of green finance will significantly promote China’s financial security in both the long term and the short term.