摘要
金融开放有利于提高本国的国际竞争力、促进经济转型升级、提高金融市场效率等,但也会加大金融市场风险暴露。本文以银行业为研究对象,运用合成控制法探究金融开放对宏观经济稳定的影响。结果显示:金融开放在为经济发展带来重大机遇的同时,也可能产生更多不确定性风险,加剧宏观经济波动。基于此,在提高金融对外开放水平的基础上,应提高金融风险监测、预警及防范化解能力,完善宏观审慎政策框架,加强金融风险监管,以更好地发挥金融开放提高金融市场效率、促进宏观经济平稳运行的积极作用。
Financial openness is conducive to improving the international competitiveness of the country, promoting economic transformation and upgrading, improving the efficiency of the financial market, etc., but it will also increase the exposure of financial market risks. This paper takes the banking industry as the research object, and uses the synthetic control method to explore the impact of financial openness on macroeconomic stability. The results show that while financial openness brings significant opportunities for economic development, it may also generate more uncertainty risks and exacerbate macroeconomic fluctuations. Based on this, on the basis of improving the level of financial opening to the outside world, we should improve the ability of financial risk monitoring, early warning, prevention and resolution, improve the macro-prudential policy framework, and strengthen financial risk supervision, so as to better play the positive role of financial opening in improving the efficiency of the financial market and promoting the smooth operation of the macro-economy.
作者
张峻赫
付婧
徐华歌
Zhang Junhe;Fu Jing;Xu Huage
出处
《价格理论与实践》
北大核心
2022年第9期130-133,206,共5页
Price:Theory & Practice
关键词
金融开放
金融监管
宏观经济稳定
合成控制法
financial openness
financial supervision
macroeconomic stability
synthetic control method
