Dissertation > Excellent graduate degree dissertation topics show

Economic Financialization and Analysis of Its Influence Factors

Author: Han
Tutor: XuJiaGen
School: Southwestern University of Finance and Economics
Course: Finance
Keywords: Economic and financial technology Monetization of the economy Economic securitization Virtual Economy Influencing factors Real economy
CLC: F124;F224
Type: Master's thesis
Year: 2010
Downloads: 267
Quote: 0
Read: Download Dissertation

Abstract

Since the 1990s, the international economy showing financial trend. The so-called economic and financial technology refers to the process of a gradual increase of the national economy of a country's monetary and non-monetary financial instruments worth ratio of gross national wealth and trends. From the monetization of the economy, that is, between the amount of money to GDP ratio rising process of economic development to the late securitization, economic virtualization, namely non-monetary financial instruments to GDP ratio rising the economy as a whole showing the economic and financial trends has become the norm of modern economic life. Economic financialization process is essentially the mutual penetration economic and financial integration, and eventually become a whole process. Development in the financial sector to the real economy as the basis, the same time, finance its own development process and contribute greatly to the development of the real economy. With the deepening of the degree of economic and financial market in the real economy relationship is increasingly reflected in the financial relations of the claims, debts, equity, dividends relations, at the same time, the financial instruments are also showing a variety of trends, following stocks, bonds appeared higher degree of virtualization securitized assets and financial derivatives financial instruments. This article is to establish the fact that the basis of the economic and financial, a measure of the degree of economic and financial analysis of the relationship between the real economy and financial development, pointed out that the the financial economies path not instantaneous, but along the monetization and securitization, the gradual deepening of the virtualization path. From monetization of financial assets to GDP ratio increases to non-monetary financial assets to GDP ratio increases, the economic and financial trends from a quantitative and qualitative point of view is becoming clear. On this basis, the paper analyzes the impact of the process of economic and financial factors, each of GDP, interest rates, income levels and other factors on the process of economic and financial research. Ultimately, the article analyzes the relationship between the economic and financial entities of economic development, promote each other draw of economic and financial processes and the development of the real economy, the relationship between the two-way interaction. The text of which is composed of three parts, a total of six chapters: the first part of the introduction, literature review, definition of related concepts, and this study ideas and methods, including the first two chapters; the second part of the empirical research, that China's economic and financial degree of measurement factors to affect the economic and financial analysis, and empirical studies of the relationship between the development of the process of economic and financial entities, including the third, fourth, five chapters; third part is the conclusions and policy recommendations, the sixth chapter. The main content of each chapter and conclusions are as follows: Chapter 1 Introduction This is the starting point of this study and analysis of research ideas and speech research method, through the introduction of the research background, laid the foundation for the entire study. Defined in the second chapter of financialization and metrics the financialization defined and metrics is the basis of empirical research articles in the process of economic and financial divided into specific monetization of the economy the economy securitization, economic virtualization three stages to establish M2 / three levels of GDP, the market value of the securities assets / GDP, the market value of the derivative products / GDP metrics to measure the degree of economic and financial development of different levels and stages of development. Chapter of China's economic and financial status quo of the economic and financial status quo is based on the empirical analysis of the economic and financial metrics, the use of China from 1992 to 2007, money market, securities market, derivatives market data, analysis of the Economic and Monetary and economic securitization the virtualization economic development and development of the characteristics obtained monetization higher securitization, the degree of virtualization conclusions. Chapter factors to affect the economic and financial analysis of the basis of the economic and financial metrics, we select the GDP, capital contribution, capital formation, the total interest rate of urban households per capita disposable income of urban and rural residents' savings deposits by the end of balance, savings rate seven theoretically affect the process of economic and financial factors, and the process of economic and financial linear regression analysis of the role of the relationship between the various factors and economic financialization. Final comprehensive consideration, select GDP, interest rates, urban and rural, deposits, capital gross establish four factors as important factors affecting the degree of economic and financial multivariate regression model, obtained when the total GDP, interest rates, urban and rural, deposits, capital formation, and other factors common role in the process of economic and financial capital formation outside the total economic and financial linear relationship was not significant, other factors were associated with the presence of economic financialization significant linear relationship. GDP and the economic and financial degree of positive correlation, negative correlation between interest rates and the degree of economic and financial, urban and rural deposits with the degree of economic and financial negative conclusion. Chapter economic financialization and the real economy, the analysis of the relationship between the relations of economic and financial and real economy, is the study of the process of economic and financial significance of the influencing factors, this article by building economic and financial development of the real economy regression monetization model as well as economic, economic securitization, economic virtualization with multiple regression model for the development of the real economy, the relationship between the process of economic and financial technology and its various stages and entities economic development, draw economic financialization, and its various stages have a significant linear relationship between the development of the real economy, the conclusion that financial development has a significant impact on the real economy. Chapter 6 Conclusions and policy recommendations that part is the concluding part of a combination of empirical analysis and normative analysis findings before concluding statement at the same time, the status quo of China's economic and financial problems in the relevant policy recommendations. Of trying to efforts innovation lies in the following three aspects: First of all, from the existing economic and financial metrics and analysis to establish a complete index system, through the monetization of the economy, economic securitization, economic virtualization hierarchical measure from two angles of the total and stage of development to fully reflect China's economic and financial of course. , Consider the metrics operability handle our situation securitization indicators and virtualization indicators, to refined into securitization indicators of market capitalization to GDP ratio of the market value of stocks and bonds, indicators simplify virtualization for futures products the ratio of market capitalization to GDP, to meet the data availability and theoretical guidance. Second, the impact of the development of economic and financial factors to quantify the empirical analysis of influencing factors. Previous analysis of influencing factors for economic financialization theoretical level, this is to try to achieve in the theoretical basis of the empirical analysis of the economic and financial impact of factors, through the analysis of the different factors and screening, the eventual establishment of an impact on the economic and financial development the multivariate regression model, thus empirically measure the various influencing factors for economic financialization process of role size again, the article in the analysis of the relationship between economic financialization and entities of economic development, not only to establish the financialization with GDP of one yuan regression model, and Try monetized, securitized, virtualization and GDP multiple regression model, the study of the three stages of the economic and financial how to act on the development of the real economy, the size of the impact of each research targeted to improve economic finance degree provides a theoretical basis. Due to the development of China's capital market is still not perfect, the lack of relevant theoretical information and data, coupled with my knowledge is limited research on the depth and breadth of inadequacies, remains to be further improved in the future.

Related Dissertations

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net Mobile